Importer Exporter Code
IEC is mandatory for Import & Export of goods and services. It is a unique code provided to Importers and Exporters.
Importer Exporter Code (IEC)
Get Your IEC for ₹2,490/- Only (Inclusive of Government Fees and taxes)
The Importer Exporter Code (IEC) is a registration that is mandatory for anyone importing or exporting products or services from India. The Directorate General of Foreign Trade (DGFT) issues the IE Code, which is valid for the duration of the entity’s life and does not require renewal or filing. As a result, most companies can get IE Code regardless of the fact that whether they need it right now.
Note Down The Documents Required To Get Importer Exporter Code (IEC)
- PAN Card
- Aadhaar Card
- Bank Certificate / Pre-printed Cancelled Cheque
- Address proof of firm any one of the following
- Sale Deed in case business premises self owned
- Rental/Lease agreement in case office is rented/leased
- Latest electricity/landline/mobile bill on the name of the applicant entity
- Partnership in case of Partnership firm
- Certificate of Incorporation (for Private Limited Company)
Features of Importer Exporter Code (IEC)
Proof of Importer or Exporter
It is the primary evidence that a company is an importer or exporter.
No Import or Export
Import or Export cannot be done, until IEC is obtained.
IEC has lifetime validity, there is no need for any renewal.
FAQs of Importer Exporter Code (IEC)
Any person who intends to import or export goods must obtain Importer Exporter Code.
No, there is no tax levied on Importer Exporter Code. However, custom duty may be levied at the time of import or export of goods. Custom duty depends to the category of the products imported or exported. This can be found at the custom departments’ website.
After submitting all the requisite documents IEC allotted within a day. It is not necessary to show proof of any import or export to obtain IE Code.
IEC is only a license permitting the import and export of goods. Therefore, no return is required to be filed under IE code.
IEC is necessary to import or export, without importer/exporter code no import or export shall be made by any person or entity. Taking your services or products to the international market will enlarge your business.