Get Your IEC
✓ Required for Import & Export
✓ Lifetime Validity
✓ No return filing required
Importer Exporter Code (IEC)
IEC is mandatory for Import & Export of goods and services. It is unique code provided to the Importers and Exporters under the Foreign Trade Policy:
Note down the Required Documents
✍ Bank Certificate / Pre-printed Cancelled Cheque
✍ Address proof of firm any one of the following
(i) Sale Deed in case business premises self owned
(ii) Rental/Lease agreement in case office is rented/leased
(iii) Latest elctricity/landline/mobile bill on the name of the applicant entity
(iv) Partnership in case of Partnership firm
(v) Aadhaar/Passport/Voter id in case of Proprietorship
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Know about IEC
Importer Exporter Code (IEC) is a registration required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT) and can be used by the entity throughout its existence and doesn’t require any renewal or filing. Therefore, it is recommended for most organizations to obtain IE Code, irrespective of if they need it at the moment.
IEC registration is required by a person for export or import. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods required to get Import Export Code. IEC has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
1. Who must obtain Import Export Code Registration?
Any person who intends to import or export goods must obtain Import export Code.
2. Is there any tax levied on Import Export Code?
No, tax is not levied on Import Export 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.
3. How much time is required to acquire Import Export Code?
After submitting all the requisite documents IEC is typically allotted by DGFT in 2-3 days. It is not necessary to show proof of any import or export to obtain IE Code.
4. Whether any monthly returns are required to be filed under Import Export Code?
IEC is only a license permitting the import and export of goods. Therefore, no return is required to be filed under IEC code.
5. What are the benefits of IEC?
On the basis of IEC, companies or firms can achieve profit on their exports/ imports from DGFT, Customs and export promotion council. 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 businesses