Importer Exporter Code (IEC Code) License
LET'S TALK
Request a Free Quote
Importer Exporter Code (IEC Code) License
FAQ's
What is Import-Export Code (IEC)?
IEC is a 10-digit identifying number called the Import Export Code (often referred to as the IEC code), given out by the Director General of Foreign Trade (DGFT), Department of Commerce, Government of India. It is also known as Importer Exporter Code. To begin an enterprise that deals with imports and exports in Indian territory, organizations, and businesses must receive this code. Without this IEC code, it is unlawful to do export or import operations.
How do I find my IEC code?
There are specific procedures to adhere to in order to apply for and obtain an import export code (IEC) in India. Every applicant must follow these steps.
Is GST mandatory for the IEC code?
The IEC does not require the GSTIN to be updated or included. However, it has been made known that PAN would identify as an IEC on all IECs issued starting from 1 July 2017.
How can I get IEC for Importer?
Following steps indicate the steps for the IEC Importer registration procedure:
What is the fee for IEC Code?
According to the most recent notification on IEC by the government, the IEC code registration charge is a minimal sum of Rs 500 and can be paid online with credit or debit cards, e-wallets, or net banking. So, in India, the government charge or official fee for obtaining an IEC code is Rs. 500.
Who issues IEC?
The Directorate General of Foreign Trade (DGFT), which is part of the Ministry of Commerce, Government of India, issues IEC in electronic form i.e., (e-IEC).
What documents are required for IEC Code?
The following documents are required for IEC Code Registration:
How do I find my importer number?
You get Importer number in the IEC code registration documents.
How long does it take to obtain the IEC code?
IEC code can be easily obtained from the DGFT within 10 to 15 days of the application being submitted.
Can I import without IEC?
A vital business identification code known as an Importer-Exporter Code (IEC) is necessary for exporting from or importing into India. No person may export or import without first obtaining an IEC unless particularly exempted.
Can I import without GST?
With effect from July 1st, 2017, importers must have a GST registration since their GSTIN must be displayed on their bills of entry in order to pay IGST and to claim the input tax credit. The importer would just have to disclose the GSTIN (where registered under GST). The IGST Act, 2017, defines the import of goods as the movement of products into India from a location outside India.
Can I import from China without an IEC code?
In accordance with the Foreign Trade Policy (FTP), the Director General of Foreign Trade (DGFT) provides the IE Code. Nobody is permitted to import or export goods from any country without having an IE Code.
What is IEC for shipment?
3 days agoThe final step in exporting/ import of products is shipment, and in order to successfully complete shipment clearance, one must demonstrate IEC. The DGFT (Director General of Foreign Trade), Department of Commerce, Government of India, issues the import-export code, also known as the IEC code, which is a 10-digit identifying number. Importer Exporter Code is another name for it.
What is the importer code?
3 days agoAns: Importer code, is also known as an IE code or Import-Export code. All the importers and exporters who conduct business in India are required to have an import export code, or IEC, which is a distinct 10-digit code.
What is the fee for the IEC code?
The importer name should be preceded by the IEC number without the use of any special characters or brackets. For instance, you may add “0XXXXXXXXXX PRERNA DATES LTD” in the importer’s name column of the IGM_Cargo specifications. Additionally, prefixes like /s., m/s., M/S., etc. should be avoided.
How do I check my IEC code?
PAN Based IE code is produced by DGFT offices spread out across the nation, and it is compiled at DGFT headquarters. Click the IE Code @DGFT button to check whether your IE code has been delivered to the DGFT headquarters and to scrutinize the accuracy of your IE code data.
How do I find a company’s IEC code?
In order to obtain an IEC Code for a company simply go to the DGFT website. Then, enter the pre-generated user name and password to access the DGFT website after registering there. Select “Apply for IEC” from the drop-down menu on the DGFT website. Click on the “Submit and Generate IEC Certificate” button after completing the application form (in ANF 2A format), upload all the necessary documents, and make the required payment.
or Import to India. Unless specifically exempted, any person shall make no export or import without obtaining an IEC. For services exports, however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy. Consequent to the introduction of GST, IEC being issued is the same as the PAN of the Firm. However, the IEC will still be separately published by DGFT based on an application. This article looks at the procedure for making an IE Code application in detail.
Import Export Code (IE Code)
Import & Export Code is to be obtained by the business entity for import into or export from India. Import & Export Code is popularly known as the IEC number. Import & Export Code is a ten-digit unique number issued by the Directorate General of Foreign Trade (DGFT).
IEC registration certificate is mandatory for a business involved in import and export. Hence, before initiating an import of goods into India, an importer must ensure that the importing entity has GST registration and IE code – both of which are required to clear customs.
If an importer does not have both IE code and GST Registration, the goods will be stuck at the port and start incurring demurrage charges or could be destroyed.
Importance of Import Export Code
Businesses have a great option to enter the international market with the export and import of the products and the services they are involved in. The IE code is an essential requirement while entering the global market as it supports the growth and development of the business to a certain extent. There are various advantages of getting an Import Export Code. Here we have listed a few of them:
Validity of IE Code
As mentioned above, IE Code registration is permanent and valid for a lifetime. Hence, there will be no hassles with updating, filing, and renewing the IEC registration. It is valid till the business exists or the registration is not revoked or surrendered. Further, unlike tax registrations like GST registration or PF registration, the importer or exporter does not require to file any filings or follow any other compliance requirements like annual filing.
As IE code registration is one-time and requires no additional compliance, it is recommended for all exporters & importers to obtain IE code after incorporation.
Nature of the Firm obtaining an IEC
The nature of the Firm obtaining an IEC may be any of the follows:
Pre-Requisites for Applying for IEC
Note: These details will be validated with the Income Tax Department site.
Documents required for IEC Code registration
The list of scanned documents required for IEC Registration is listed as follows:
Note: In case the address proof is not in the Name of the applicant firm, a no objection certificate (NOC) by the firm premises owner in favor of the Firm, along with the address proof, is to be submitted as a single PDF document.
Procedure to submit IE Code Application
The procedure to get the Importer Exporter Code Certificate is explained in detail below:
Step1: Visit the official DGFT website. Click on the ‘Services’ tab on the homepage and Select the ‘IEC Profile Management’ option from the drop-down list.
Step2: A new page will open. Click on the ‘Apply for IEC’ option on the Page.
Step3: Click on the ‘Register’ option. Enter the required details and click on the ‘Sent OTP’ button.
Step4: Enter the OTP and click on the ‘Register’ button.
Step5: Upon successfully validating the OTP, the User will receive a notification containing the temporary password, which can change after logging into the DGFT website.
Step6: After registering on the DGFT website, log in to the website by entering the user name and password.
Step7: Post login, click on “Apply for IEC” on the Dashboard. Click on the “Start Fresh Application” button or the “Proceed with Existing Application” button if the User has already saved a draft application.
Step8: Fill out the application form (ANF 2A format), and Enter the details in the General Information Section:
Step9: Under the declaration, accept the terms and conditions by clicking on the check box.
Step10: Check the Application Summary and click on the Sign button to sign the Application using a digital signature certificate or Aadhaar.
Note: These details will be verified in real-time from the CBDT database.
Step11: Confirm and proceed to make the payment against the Application.
Step12: After Successful Payment, the Page shall be redirected to the DGFT Website, and the receipt shall be displayed; the User can also download the ticket.
Get Importer Exporter Code Certificate
The User shall receive the IEC Certificate in the email (used while applying for IEC). If required, the User can download the IEC Certificate after login into the DGFT and using the “Print Certificate” feature in “Manage IEC.”
The IEC shall be transmitted to CBIC, and the transmission status can be seen by Navigating to “My IEC” and checking the IEC Status bar with “CBIC Transmission Status.”
The Import Export Code is a primary document that is necessary for commencing Import-export activities. For exporting or importing any goods or services the IE code is to be obtained.IEC has numerous benefits for the growth of the business. Certainly, you cannot ignore the necessity of IE code registration as it is mandatory. You can apply for an Import Export code through IndiaFilings and obtain it within 6 to 7 days.