Import Export Code Registration
How to Importer-Exporter Code Registration Works?
IEC is compulsory for all bodies who are importing or exporting goods & services to India or from India. We help you get IEC License:
Import Export Code - Summary
It is a unique 10-digit code required by every business in India. Issued by the Director-General of Foreign Trade (DGFT), the Ministry of Commerce, and no filing or renewal is required. It is required for clearing customs, shipment, and send/receive money from international banks.
Benefits of IEC
The IEC allows traders to venture into the worldwide market, including registration as online e-commerce operators.
Businesses can get benefits from government schemes like Merchandise Export from India Scheme (MEIS), Service Export from India Scheme (SEIS) & other from Customs and Export Promotion.
There is no requirement of any compliance post-registration.
Therefore maintaining the business is comparatively simple.
The process of obtaining IEC is complex also can be obtained with the minimum documents
A detailed procedure for IEC Registration
To get your Import Export license, you need to follow these steps:
The Aayaat Niryaat Form no. 2A filed with the Directorate General of Foreign Trade online or offline at the regional office of DGFT.
All the required documents, bank details, and DSC to be submitted.
After successfully processing the application form, an import-export code number is to the entity.
After the verification of documents and application by the authorities ice license is issued as a soft copy to the applier.
Documents Required for IEC Registration
Only a selected number of documents required for IEC registration, listed below:
Eligibility
Any business: Sole Proprietorship, Partnership, Private Limited, and Charitable organization doing the export and import activities should register for Importer Exporter Goods regardless of the scale of -business. It is not compulsory for private use, nontrade,non-manufacture, or non-agriculture.
VALIDITY OF IEC CODE
The registered IEC is permanent and is valid for the lifetime, requires no renewal or update, and lasts until the company ceases or the registration surrendered. Also, no filings like GST, PF, etc.
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