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Importer Exporter Code Registration

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An Import Export Code (IEC) is a 10-digit code necessary for Indian import/export businesses. It's issued by the DGFT, Ministry of Commerce, and doesn't require filing or renewal.


Here’s How It Works

IEC registration online has never been this easier. Get in touch with our experts from FinnacBiz to complete the whole process in three steps

Here’s What You’ll Need

Documents Required for Import Export Code Registration:

  • PAN card of the company (not applicable in case of the proprietor)

  • Applicant’s PAN and Aadhaar card (driving license/Aadhaar/voter ID)

  • Incorporation certificate/partnership deed

  • Address proof (electricity bill/rent agreement/Sale Deed of the office location)

  • Copy of cancelled cheque leaf/banker certificate of the current account in the name of the company.

Eligibility to Get IEC Code

Importers

  • Register for Importer Exporter Code (IEC) to import goods into India.

  • IEC must be quoted during customs clearance.

  • Banks demand IE Code for international money transfers.

Exporters

  • Required to register for IEC to export goods from India.

  • IEC must be quoted for shipments.

  • Banks require IE Code for receiving foreign funds.

Proprietors

  • Individual business proprietors can obtain an IE Code in their name.

  • Incorporating a company is not necessary to obtain an IE Code.

    When it comes to IEC registration, partnering with FinnacBiz offers several advantages that streamline the process and enhance your experience.

    FAQ's

    1. Log in to the DGFT's official website to access your IEC certificate.
    2. Navigate to the Services section and choose IEC Profile Management
    3. Scroll down and locate My IEC, then click on Print IEC.
    4. Follow these steps to obtain your IEC certificate in PDF format.

    In addition to registering your IEC, it is crucial to periodically revise and amend all pertinent business information. Neglecting to update these modifications as an importer or exporter can result in inconsistencies during customs inspections. Ensuring that changes such as PAN updates, director alterations, and the inclusion or removal of partners are promptly updated will streamline the export procedure.

    The renewal of the IEC is essential annually, typically falling within the period from April to June. Failure to renew can result in the deactivation of your import-export certificate. Here's the process to renew your IEC
    1. Access the DGFT portal and input your IEC code upon login.
    2. Select the 'Update/Modify IEC' option and complete a new application.
    3. Revise and update your particulars, then proceed to submit the application.

    For the enhancement of security during the issuance and registration procedures, the DGFT implemented the utilisation of a Digital Signature Certificate (DSC). This DSC is mandated to be either Class-2 or Class-3, exclusively issued by certifying agencies in India that have received approval from the Controller of Certifying Authorities (CCA).

    • Enter user name and password
    • Click services and IEC and Manage IEC
    • Verify your details
    • Click print IEC
    • PDF displayed to print

    • Digital Signatures Token (Class II or III)
    • PAN
    • Mobile Number and Email ID
    • Address details of Branch office
    • Bank Account in the name of IEC holder
    • Aadhar card matching the details with PAN card

    An Import Export Code (IEC) is not mandatory, unless the service provider seeks to avail benefits under the Foreign Trade Policy.

    The Directorate General of Foreign Trade (DGFT), which falls under the Ministry of Commerce of the Government of India, issues the Import Export Code (IEC) in electronic form (e-IEC).

    The latest version of the portal is compatible with Google Chrome, Mozilla Firefox, Microsoft Internet Explorer, and Apple Safari.

    An Import Export Code (IEC) assigned to an applicant will be valid permanently, but it is mandatory to update it annually to avoid deactivation. If the IEC is updated during the period of April to June each year, no fee will be charged for the update.

    If the IEC is not updated within the specified time, it will be deactivated. The deactivated IEC can be reactivated upon successful updating, but this action will not prejudice any other measures taken for violation of other provisions of the Foreign Trade Policy (FTP).

    IEC stands for import export code which is a 10 digit number issued by the director general of foreign trade, department of commerce, government of India. It is a registration required for traders importing or exporting goods and services to or from India.

    Any person/company dealing in international trade of export and import of goods and services need to register for IE code.

    IE code is not a tax registration. However, certain customs duty may be levied depending on the product.

    No. IEC Registration is a mandatory document for recognition by the govt. of India as exporter / importer of goods and services. However, if the value of goods is too low, the customs authorities may permit first export by imposing nominal charges which is highly unlikely to happen.

    Anyone who is acting as sole proprietor of a business can obtain IE code registration.

    To obtain IE code registration, a copy of PAN card and Aadhaar card, proof of address of business and constitution of the business [partnership deed, incorporation certificate, etc.,] and a cancelled cheque of the current account is required.

    With FinnacBiz IEC registration can be done through the DGFT in 3-5 working days after submission of all required documents and application form.

    As trade is not possible without a valid IEC Code, the penalty levied may be the pay duty depending upon the quantum of the goods

    No. IEC is a mandatory document for recognition by govt. of India as exporter/importer. However, if the value of goods is very low, the concerned customs officer may permit the first export (only one time) by imposing penal charges.

    Yes, the IEC number is reflected in all customs documents related to exports and imports.

    A single business owner can get only one license.

    Yes. In order to make changes, you need to raise a request with the DGFT and produce the relevant documents to make the modifications. Some government fees may be charged for the same.

    IE code can be cancelled by initiating a formal request to the DGFT online. On receipt of such intimation, the authorities will cancel it electronically.

    No, there is no need for a customer to start a company to apply for an IEC certificate.