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IEC REGISTRATION; REGISTRATION

(COMPULSORY FOR BUSINESS  CARRYING ACTIVITIES RELATED TO IMPORT/EXPORT)

GET YOUR IEC CODE IN LEAST TIME

THROUGH ePRO EXPRESS AT JUST RS 1499/- 

IEC (Import Export Code) is compulsorily required for persons or entities importing or exporting goods/services outside India. It is a 10 digit code issued by DGFT (Directorate General of Foreign Trade)which is same as PAN of person or entity applied for IEC and is valid for lifetime without getting it renewed. Its registration is compulsory before commencing import or export business. Importers require IEC to receive goods from outside India without any hurdle related to custom. On the contrary, Exporters require IEC to send goods outside India to prevent from legal hurdle related to shipment. Hence, from the above it is concluded that one has to obtain IEC from the authority to do import/export smoothly and to preventing his business from any interruption.

BENEFITS OF IEC REGISTRATION

  1. Easy availability of IEC Code
  2. No need of renewal
  3. To avail benefits of various schemes
  4. Not required to do any compliance after Registration
  5. Helps to strengthen business globally

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Verification

REQUIREMENT OF OBTAINING IEC ;OBTAINING IEC

  1. All type of business entity is compulsorily required to get import export code for carrying its business activities relating to import or export.
  2. It is required for clearance of goods by custom department
  3. It is required for importer to send money through banks outside India
  4. It is required to avail various advantages from government authorities
  5. It is required for exporter to send the goods outside India through shipment
  6. It is required for exporter to receive the money from outside India in foreign currency

EXEMPTION FROM IEC

  1. IMPORT OR EXPORT OF GOODS FOR PERSONAL USE
  2. IMPORT OR EXPORT OF GOODS MADE BY GOVERNMENT DEPARTMENTS OR MINISTRIES
  3. IMPORT OR EXPORT OF GOODS BY ENTITIES TO/FROM MYANMARAND NEPALTHROUGH CHINA AND INDO-MYANMAR BORDER AREAS PROVIDED THATVALUE OF SINGLE CONSIGNMENT DOES NOT EXCEED RS. 2500
  4. EXPORT OG GOODS NAMELY SPECIAL CHEMICALS, ORGANISMS,MATERIALS, EQUIPMENTS AND TECHNOLOGIES (SCOMET)

PROCEDURE TO APPLY IEC

  1. FILL OUR ONLINE FORM
  2. SUBMIT ALL THE DOCUMENTS AND INFORMATION REQUIRED BY OUR TEAM
  3. SUBMISSION OF APPLICATION ON YOUR BEHALF TO DGFT
  4. APPLICATION SHALL BE APPROVE BY DGFT DEPARTMENT ONCE IT IS SATISFIED THAT ALL THE NECESSARY FORMALITIES HAS BEEN DONE
  5. YOUR WORK IS DONE

DOCUMENTS AND INFORMATION REQUIRED FOR IEC

  1. SELF ATTESTED PAN CARD OF PROPRIETOR/DIRECTORS/PARTNERS
  2. SELF ATTESTED AADHAAR OF PROPRIETOR/DIRECTORS/PARTNERS
  3. PARTNERSHIP DEED IN CASE OF PARTNERSHIP FIRM/LLP
  4. COPY OF MOA, AOA AND COI INCASE OF COMPANY
  5. BANK DETAILS OF APPLICANT INCLUDING BANK ACCOUNT NUMBER AND IFSC CODE
  6. FOR REGISTERED OFFICE: LATEST ELECTRICITY BILL/OWNERSHIP PAPERS/PROPERTY TAX RECEIPT
  7. NOC (NO OBJECTION CERTIFICATE) FROM LANDLORD ALONG WITH RENT AGREEMENT (IF PREMISES ARE RENTED)

FREQUENTLY ASKED QUESTIONS (FAQS)

How long does IEC Registration Certificate remains valid??

IEC is obtained for one time from DGFT and is valid for lifetime

Do I have to file any return under IEC??

No, it is not required to file any return in case of IEC.

Do I need to fulfill any compliance after getting IEC??

No, you are not required to do any sort of compliance as IEC is compliance free license

What form of business entity can apply for IEC??

Any type of business entity can apply for IEC who carry on the business of import or export.

Do I need to pay any tax based on IEC??

IEC is not based on any tax though custom duty may be levied which depends upon the business product.

Do I need to pay any penalty for not obtaining IEC Code on time??

No, there is no penalty for non obtaining of IEC Code but until  you obtain the IEC, no import or export can be done by you to or from India respectively.

Do I get hard copy of registration certificate from DGFT??

No you will get soft copy of license/Registration certificate from DGFT via mail. An application is also filed online by our experts.

Can I made any changes after obtaining registration certificate??

Yes you can made changes in your IEC details after making change application to DGFT.

Can I apply for IEC without having Digital Signature??

Yes, there is no requirement of Digital Signature for filing IEC.

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