IEC Registration online in Lucknow |get IE code | Import export code application process in India

Ideal for businesses planning to trade in and out of India

IEC REGISTRATION

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IEC REGISTRATION

IMPORT EXPORT CODE

Import Export Code or IEC is a 10-digit code that a business or a person needs to import/export goods/services. This code is issued by DGFT (Director General of Foreign trade), Ministry of Commerce and Industries, Government of India. The validity of this code is for lifetime, that is, there is no need to renew it. This code is generated within 5-15 working days after the documents are submitted and all the corrections required are made.

WHEN IS IEC CODE REQUIRED?

It is needed by the custom authorities to clear the shipments in the case of any imports.

Also, it is needed by the bank to transfer the amount in the case of any imports made.

Vis-à-vis if an exporter needs to send the shipments, then it is required.

Or, if the exporter is supposed to receive money in foreign currency and it is transferred directly into his bank account.

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PROCEDURE FOR IMPORT EXPORT CODE REGISTRATION

The following is the simple online IEC registration procedure.

STEP 1

The online IEC application form in the format Aayaat Niryaat Form no. 2A is filed with the Directorate General of Foreign Trade. Alternatively, it could also be done offline at the Regional office of DGFT.

STEP 2

All the required documents, including bank details and DSC, have to be submitted

STEP 3

Next, the Import Export code will be allotted and the application will be processed further

STEP 4

Next, the Import Export code will be allotted and the application will be processed further

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DOCUMENTS REQUIRED FOR COMPANY REGISTRATION

Partners/ Directors/ Proprietor PAN Card

Partners/ Directors/ Proprietor Adhaar Card

Address proof of Establishment - Any utility Bill/ Rent Agreement

Photo of partners/ Directors/ Proprietor

Company Incorporation/ Partnership/ Proprietorship Documents

Resolution from the company/authorised designated partner’s digital signature.

Cancelled Cheque of Company Account, Proprietary Account

LLP/ Company/ Proprietor’s PAN

WHAT IS INCLUDED IN OUR PACKAGE?

Drafting Documents

Application Filing

Application Processing

Completion of registration

Government Fees

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BENEFITS OF IEC CODE

Business Growth:- A business have an option for online international marketplaces like Amazon.com, Alibaba etc.IEC is mandatory to avail growth opportunities via import/export.

Export Subsidies:- Indian government follows a policy of exporting the goods and not the taxes. An exporter can get a refund of many taxes paid while exporting the goods. Government even waives some import duties, if the importer promises to export the goods within a time frame.

Lifetime Validity :- The central license is for those FBOs which have their turnover more than Rs.20 crore. The central license is for the large food business. In this registration, the document required Form B to be filled.

FEATURES OF IMPORT AND EXPORT CODE (IEC)

FSSAI license validity stretches out from 1 to 5 years. According to the FSSAI rules, the food business operator requires to appeal for the renewal of the license in 30 days and it should be made before its expiry. Any FSSAI renewal application filed exceeding the expiry date is required to pay a late fee of Rs. 100 per day for each day of delay. So, it’s essential to all food business operators to track and assure that the FSSAI license is valid at every time.

FEATURES OF IMPORT AND EXPORT CODE (IEC)

It is mandatory for every importer and exporter to register under IEC
DGFT, Customs, and Export Promotion Council guarantee benefits can be taken from the import or export. The revenue cannot be claimed without this code
IEC code has a lifetime validity, you don’t have to renew it again and again
Any of the property owner can obtain the code in their name, though it does not necessarily require establishing a business
When it comes to IEC no return filling is not required and even import or export transactions are not required to be filed under DGFT

CASES WHERE IMPORT EXPORT CODE IS NOT REQUIRED

As per the latest circular passed by the government it is declared that every trader do not require IEC if they have registered themselves under GST (Goods and Services Tax). In such cases the PAN card will be used as new IEC code for importing and exporting goods

IEC is not required until and unless you import goods for commercial use. As well as Charitable institutions do not require IEC

If you are looking to expand your market and go beyond country borders and export/import, reach out to our experts and know all formalities you need to get through. You can avail all services such as GST registration, business registration etc.