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Import Export Code (IEC) is a 10-digit code that a company or individual needs to import or export products or services. It has a lifetime validity. Generally, importers merchants cannot import products without an Import Export Code, and exporters merchants cannot take use of DGFT incentives such as the export scheme, etc., without an IEC. This code is valid for the rest of your life; there is no need to renew it. After the documents have been submitted and all essential modifications have been made, this code is generated within 5-15 working days.
| Sole Proprietorship | Partnership Firm | LLP | Trust | HUF |
|---|---|---|---|---|
| Digital photograph (3*3) | Digital photograph (3*3) of the managing partner | Digital photograph (3*3) of the designated partner/director of the company signing the application | Digital photograph (3*3) of the secretary/chief executive/signatory applicant | Digital photograph (3*3) of the Karta |
| Copy of pan card of the proprietor | Copy of partnership deed | Applicant’s copy of pan card | Registration certificate of society/copy of the trust deed | Copy of pan of Karta |
| Copy of passport/voter id/driving license/UID | Copy of passport/voter id UID/driving license/PAN of the managing partner signing the application | Copy of passport/voter id UID/driving license/PAN of the managing partner/director signing the application | Copy of passport/voter id UID/driving license/PAN of the managing trustee/chief executive signing the application | Copy of passport/voter id UID/driving license/PAN of Karta |
| Copy of passport/voter id/driving license/UID | Copy of passport/voter id UID/driving license/PAN of the managing partner signing the application | Copy of passport/voter id UID/driving license/PAN of the managing partner/director signing the application | Copy of passport/voter id UID/driving license/PAN of the managing trustee/chief executive signing the application | Copy of passport/voter id UID/driving license/PAN of Karta |
| If the business is rented, then rental/lease agreement | If the business is rented, then rental/lease agreement | If the business is rented, then rental/lease agreement | If the business is rented, then rental/lease agreement | If the business is rented, then rental/lease agreement |
| Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no. | Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no. | Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no. | Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no. |
IEC assists you in taking your services or product to the global market and growing your businesses.
The Companies could avail several benefits of their imports/ exports from the DGFT, Export Promotion Council, Customs, etc., on the basis of their IEC registration.
IEC does not require the filing of any returns. Once allotted, there isn’t any requirement to follow any sort of process for sustaining its validity. Even for export transactions, there isn’t any requirement for filing any returns with DGFT.
It is fairly easy to obtain IEC code from the DGFT within a period of 10 to 15 days after submitting the application. There isn’t any need to provide proof of any export or import for getting IEC code.
IEC code is effective for the lifetime of an entity and requires no renewal. After it is obtained, it could be used by an entity against all export and import transactions.
According to the latest circular issued by the government, IEC is not mandatory for all traders who are registered under GST. In all such cases, the PAN of the trader shall be construed as a new IEC code for the purpose of import and export. Import Export Code (IEC) isn’t required to be taken in case the goods exported or imported is for personal purposes and isn’t used for any commercial purpose. Export/ Import done by the Government of India Departments and Ministries, Notified Charitable institutions need not require getting Import Export Code.
Import Export Code or IEC is a 10-digit code that a business or a person needs to import/export goods/services. This code is issued by DGFT (Director General of Foreign trade), Ministry of Commerce and Industries, Government of India. The validity of this code is for lifetime, that is, there is no need to renew it. This code is generated within 5-15 working days after the documents are submitted and all the corrections required are made
A-the list below describes the total documents required to get IEC registration for an entity. For any other, the list is mentioned above.
• Copy of PAN card firm/company
• Copy of property papers (if owned property)
• Copy of rent agreement (if rented property)
• Landlord NOC (format will be provided by us)
• Cancelled cheque of firm
• Electricity/water bill (business place)
• Telephone bill in the same name
• Copy of tax returns (in case of proprietorship)
• Certificate of incorporation (in case of company)
• Bank statement of firm/Company
• AOA and MOA (In case of company)
• 1 letter head of company (in case of company)
No. Only 1 IEC is issued to a person/entity. So if more than 1 IEC code is issued, then the same should be surrendered to the Regional Office for cancellation
In such a case, you need to provide an affidavit so that the issuing authority of the IEC code can issue a copy of your IEC number.
Yes you can. You need to inform the issuing the authority about such decision. And they shall immediately cancel your IEC number after electronically transmitting it to DGFT for onward transmission to the Customs and Regional Authorities.
Any person/business trying to kick start his export/import business is required to get IEC number.
Yes. Individuals can apply for IEC, if they own a business in proprietorship or partnership
We take 4-5 working days to process the IEC code for you/your firm.
We will send you the mail of the IEC code, since the whole process is carried out online.
If your business is registered under GST, then the PAN number can be used as the IEC code. That is, there is no need to file it separately.
No, there is no tax levied on IEC code. However, custom duty may be imposed. It depends on the category of the products imported or exported. For more information, go on to the custom department’s website.
After submitting all the requisite documents IEC is typically allotted by DGFT in 5-10 days. It is not necessary to show proof of any import or export to obtain IE Code. Now a days, as IEC can we partially applied online with the help of digital signature, IEC can be obtained in less than a week.
If you have taken IEC Certificate in new process e-IEC online, then you can download your certificate any time by login into the IEC portal with your username details. But if you had taken your IEC in physical process, you have to re-apply for e-IEC with all the documents and DGFT will provide you certificate in new online format.
If you or a company wants to modify any details in IEC license, then you can do it online in your IEC application. IEC modification required resubmitting the application with the DGFT once again with all the required documents. Also, IEC modification fee needs to be submitted with the department.
IEC is only a license permitting the import and export of goods. Therefore, no return is required to be filed under IEC code.
You will not need an IEC code under the following cases:
1. Person exporting or importing goods for personal use and not for activities related to business.
2. Persons exporting or importing goods to/from Nepal or Myanmar through Indo-Myanmar border areas, a value of which does not exceed Rs.25,000/- in a single assignment.
3. Ministries or departments of central government do not require obtaining IEC.
Normal procedure is followed to obtain IEC code in case of NRIs. In some exceptional cases, the permission from RBI/FIPB is required.
Board resolution, Memorandum of Association, copy of passport, including all the documents required by an Indian citizen/company/proprietorship firm.
No, IEC is not item based. It is issued once to the user once only and there is no need to issue it for every item. The same can be used to export/import different items.
Yes. An Importer-Exporter Code (IEC) is a significant business identification number that is mandatory for import to India or export from India. A person/entity cannot export or import without obtaining an IEC unless specifically exempted. However, IEC is not necessary for services exports, except when the service provider is taking benefits under the Foreign Trade Policy.
Once the online application is submitted by paying the appropriate fees and requisite documents, IEC will be auto-generated. The DGFT will send an intimation regarding the allotment of IEC to an applicant through an SMS and e-mail along with a hyperlink through which the e-IEC can be downloaded and printed.
Yes, individuals acting as proprietors of a business can obtain IEC registration. Individuals can use either the name or the name of their company to apply for IEC registration.
Yes. It is mandatory to update the IEC profile every year. In case of non-updation of the IEC profile, it will be deactivated. A deactivated IEC can be reactivated upon its successful updation. However, reactivation is subject to the condition that any other action should not be taken for violation of any provisions of the Foreign Trade Policy.
A Digital Signature Certificate (DSC) is not compulsory to apply for an IEC. The IEC application can be signed through Aadhaar authentication. DSC has been introduced in IEC to strengthen the IEC issuance and modification processes.
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