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A 10-digit IEC (Import Export Code) issued by DGFT is mandatory for all commercial importers and exporters in India. Apply online and receive your IEC registration in under three days.
With changing business trends, many businesses are shifting from local to international markets. To expand their reach globally, companies engage in
import and export activities, which require an Import Export Code (IEC).The IEC is a 10-digit unique code issued by the Directorate General of Foreign
Trade (DGFT) to businesses involved in international trade. It is a mandatory requirement for importing or exporting goods and services from India.IEC registration is a one-time process with lifetime validity. The online application process has made obtaining the IEC simpler, requiring only a few essential documents.
ONLINE REGISTRATION
The IEC registration is required under the following circumstances:
1) It is a pre-requisite for any entity planning to engage in the business of import and export from India.
2) In case of service or technology, if the provider is taking benefits under the Foreign Trade Policy, then the IE code registration is mandatory for them.
No. Import Export Code registration is not compulsory for the below-mentioned activities:
Any individual involved in the import and export of goods or services for the purpose of conducting business can make IE Code application. They can obtain the IE code by filing an online application accompanied with required documents. In case the person does not have a current account for the business, he/she may provide canceled cheque of the savings account for the purpose of filing IE code application.
The Import Export Code comes with a lifelong validity unless the same is withdrawn or surrendered. Once the applicant receives the IE Code, there is no need to re-register as it is a perpetual registration.
No, there is no requirement to make a separate application for different places of business. This is a PAN based registration. Hence, the single registration will be valid for all the businesses and branch under the same entity.
Only a single IEC can be issued against a single PAN card. If at all more than one IEC is issued then it has to be surrendered to the regional office.
No, there is no penalty however, the import or export is not possible without IE code.
Import Export code is allotted with lifetime validity and therefore it does not require any renewal.
No, there is no compliance to be fulfilled after the import-export license registration is obtained.
Yes, the IEC information can be modified by providing all the necessary documents even after the code is issued.
No, w.e.f. 09.08.2018, DGFT has integrated PAN web service of CBDT with the server; therefore PAN card is not required to be uploaded. However, for the purpose of filing an application, the copy of the PAN card is required to be submitted to the team.
Register for IEC code and take a giant leap towards International Business