An Importer-Exporter Code (IEC) is a unique identification number issued by the Directorate General of Foreign Trade (DGFT) in India. It is mandatory for any business involved in importing or exporting goods and services.
Import Export Code registration process involves the following steps: -
Compile all the documents
Visit the DGFT website
Register yourself on the website
Fill the application and submit it by paying fees
Verification will be done by government
After that certificate will be issued
Now Let’s discuss in detail what is included in every step and how we proceed with that
First, we have to compile all the documents for IEC registration i.e., documents related to company, directors, rent agreement etc.
Then we have to visit the site of DGFT after verification of all documents.
Now we have to register entity on the portal and proceed with the application.
After starting application, we have to attach all the documents in the application there.
Now after completion of application we have to submit the form and pay the fees as per the government norms.
After all that government will done scrutiny of the application and after scrutiny will approve the same.
Hurray!! now you can download the certificate and now you can done hassle free business.
Documents Deliverable: -
Import Export Code Certificate
DGFT Login Credentials
Time take in this task is 2 days if all the documents are okay.
Why Choose HireYourCA?
Why Choose HireYourCA?
There are several reasons why HireYourCA stands out as your go-to partner for business registrations and compliance:
Experienced and Qualified Team: Our CAs possess extensive knowledge and expertise.
Seamless Service: We handle the entire process, keeping you informed at every step.
Cost-Effective Solutions: Competitive pricing ensures value for your money.
Client-Centric Approach: We prioritize your needs and offer personalized guidance.
Technology-Driven Platform: Our user-friendly online platform enables easy tracking and access to documents.
Transparency and Trust: We maintain complete transparency and adhere to the highest ethical standards.
Eligibility
Mandatory requirement for the person who engaged in import and export of goods without the code they can’t do easily.
Once you receive the IEC it will be valid for lifetime there is no renewal needed.
It is a 10 Digit Code which is an alphanumeric code.
After GST of business the IEC is linked with the PAN of the business.
Documents Required for Import Export Code (IEC)
Now let’s Discuss about the documents need for Import Export Code
First of all, documents required related to the director of Company/LLP are
KYC Documents i.e., Aadhar Card, Pan Card, Photograph of all the Directors, Mail I’d & Mobile Number of all the directors PAN card of Company/LLP.
Now secondly, we need documents related to the company i.e.,
Pan card of company
Company Bank statement along with the cancelled cheque
Certificate of GST is required
Rent Agreement required if the property is not on the name of company along with the witness Aadhar & PAN. If property is on the name of Company/LLP, then sale deed is required.
Description of the activity in which company is engaged.
Benefits Of Getting Import Export Code (iec)
Legal requirement: - It is a legally required to do export and import.
Global market access: - It make ease for the entity to access in global market.
Easy export: - Export can be done easily without any issue if you are having IEC.
Clearance of custom: -It helps or ease in clearance of custom
Growing market: - Helps to grow business in the market at faster rate
Brand Recognition: - Helps to build the brand recognition in the market
Tax burden reduces: - It reduces the burden of import duties.
An Importer-Exporter Code (IEC) is a unique identification number issued by the Directorate General of Foreign Trade (DGFT) in India. It is mandatory for any business involved in importing or exporting goods and services.
Yes, there is a nominal fee for applying for an IEC.
Yes, the IEC is valid for the lifetime of the business and does not require renewal. However, it must be updated if there are any changes in the business.
Yes, an individual can apply for an IEC if they wish to import or export goods or services
An IEC is required for importers, exporters and E-commerce operators.
An IEC is specifically for import/export activities. It can't be used for any other kind of business activities.
Yes, a foreign company can apply for an IEC in India to conduct import/export activities. The process for registering is same as other entity.
Yes, even if you are planning to engage in import/export activities occasionally, you still need to obtain an IEC. The code will remain valid as long as your business is active.
