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Import Export Code

Directorate General of Foreign Trade under Ministry of Commerce and Industrygrants a permanent valid ten-digit number Import Export Code (IEC) to a person/organization to carry out import/ export activities. IEC is compulsory for the person to carry import activity i.e. no one allows to proceed import transactions without IEC.

IEC is not compulsory for the purpose of export however if the person has IEC then he can take the available benefits from DGFT, Customs, Export Promotion Council etc.It would be needed to clear shipment at custom port, send money to abroad against import, and to receive foreign currency in bank accounts against export.

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Documents Required

  • Residential address proof of Directors/ Partners/ Proprietor
  • PAN card self-attested of Directors/ Partners/ Proprietor
  • Photograph of applicant
  • PAN card of organization if available
  • Cancelled cheque or banker certificate

Plans For Import Export Code registration 2,000/-

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Advantages Of Import Export Code

Import

Anyone who wishes to import in India must have an IE code to complete import transaction.

Export

Exporter who exports goods abroad need to have IE code. It needs to be quoted at various documents in export transactions.

Bank Transactions

Valid Import Export Code needs to be submitted with bank to receive and making payments from abroad against export and import, respectively.

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Permanent Valid

IE code once issued would be valid for lifetime and has no expiry. It would be valid for entire country, branches across the country.

Easy To Apply

Application for IE code can be filed easily, further registration of business is not compulsory to get IE code.

Online Processing

No need to submit any import/export proof for IE code application. Further online application can be submitted for IE code.

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Plan

Import Export Code registration

Rs 2000

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Faq

Who need to get IEC?

Any person, Company or Business who intends to do the Import & Export business is required to get the IEC (Import Export Code).

How to apply to get IEC?

IEC is easy and hassle free process through www.taxmaazra.com. Everything is online. You need to provide the necessary documents & we will get it for you.

Is PAN card of entity is compulsory to apply IE Code?

Yes PAN card is mandatory to get the IEC.

How much time required getting IEC?

IEC can be obtained from DGFT within 8-10 days from the date of submission of documents.

Do I need to get separate IEC code for different branch?

No need to get separate IEC for different branch of a business.

Is IEC compulsory for import?

IEC is a onetime liscence no renewal is required.

Is IEC compulsory for export?

Yes IEC is compulsory for Export of goods from India.

How to renew IE code?

Yes IEC is Compulsory for Import of Goods in India.

Can I clear my import shipment at custom port without IEC

No, you can not clear any shipment from Customs without IEC.

Can I clear my import shipment at custom port without IEC?

Blogs

Read our blogs which have been written by experts to clear your doubts and questions regarding compliance. Read More