Import Export Code Registration
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.
Advantages Of Import Export Code
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.