Import Export Code Registration
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Register your IEC hassle-free from wherever you are with our easy application process.
What is IEC?
Import Export Code (IEC) Registration is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. This code is required for any business or individual involved in import and export activities in India. The IEC registration is mandatory for businesses or individuals engaged in import or export of goods and services from India.
It is a unique identification number that enables the customs authorities to track all international trade transactions carried out by an entity. It is also a prerequisite for obtaining other licenses and permits required for carrying out international trade such as GST registration, EPCG license, etc.
To obtain an IEC registration, an application needs to be filed with the DGFT, along with the requisite documents such as PAN card, Aadhar card, bank certificate, and address proof. Once the application is approved, the DGFT issues the 10-digit IEC code to the applicant.
It is important to note that IEC registration does not confer any exemption on payment of taxes and duties on import/export transactions. However, it is a crucial requirement for conducting international trade in India, and failure to obtain the same may result in penalties and legal implications.
Documents Required for IEC Registration
To apply for Import Export Code (IEC) registration in India, the following documents are required:
- PAN card of the applicant
- Aadhaar card/ Voter ID/ Passport/ Driving License/ any other government-issued photo ID proof of the applicant
- Cancelled cheque bearing pre-printed name of the applicant or bank certificate in prescribed format
- Address proof such as electricity bill/ telephone bill/ voter ID/ lease agreement/ sale deed
- Digital photograph of the applicant
- Details of the company such as Certificate of Incorporation, Memorandum and Articles of Association, Partnership Deed, etc., in case the applicant is a company or partnership firm.
- Bank Certificate in the prescribed format.
It is important to note that the exact documents required may vary from state to state or depending on the type of entity applying for IEC. It is advisable to check with the concerned authority or consult with a legal expert to ensure that you have all the necessary documents before applying for IEC registration.
Frequently Asked Questions
IEC stands for Import Export Code, a 10-digit code required by businesses involved in import or export of goods or services from India.
IEC registration is important for businesses involved in international trade as it is a mandatory requirement to conduct import or export transactions.
Any individual, partnership firm, company, or organization involved in the import or export of goods or services from India needs to get IEC registration.
Some benefits of IEC registration include access to foreign markets, eligibility for various government schemes and benefits, and legal compliance with import-export regulations.
It usually takes around 3-5 days to get IEC registration after submitting the application with all necessary documents.
Documents Required for GST Registration
The documents required for IEC registration include proof of identity, proof of address, bank account details, and copies of PAN card and GST certificate.
No, IEC registration does not have an expiry date and is valid until it is canceled or surrendered.
Yes, an IEC registered business can update its address, contact information, or other details by filing a request for modification with the authorities.
No, IEC registration is not required for exporting software or digital services as these are classified as non-physical exports.
No, an IEC registered business cannot sell or purchase goods or services within India as it is only applicable for import or export transactions.