Import Export Code (IEC) is a ten digit number, comprising alphabets and numbers. IEC is a mandatory prerequisite to starting a business of Import or Export in India. The IEC code is a pan based registration, hence against one pan number the director general of foreign trade can issue only one IE Code. The IEC is a unique number through which a person is identified at all offices of Customs and DGFT across India. In general all the Imports and Exports can be done without any other authorisation, license or permission, However in the national interest or to regulate the trade or any specific commodity, the central government may restrict or prohibit the import or export of certain goods. In case you wish to import any item which is restricted, an application for license or permission to import can be made to the DGFT explaining the specific reasons for the export or import.
The IE Code Application is filed online with Class -2 Digital Signature. It is required to have a valid DSC of the applicant or the Authorised Signatory.
The documents to be uploaded while applying for the IE Code must be prepared, signed and stamped. After that, it needs to be scanned in JPEG or PDF.
Application for allotme of IE Code is filed online with DSC, by furnishing information and uploading the mandatory self attested documents.
The regional director of the DGFT scrutinizes the application, which may call for further information or documents. Finally, the IE Code is allotted.
| Individual / Proprietor / Partner / Director | Entity |
|---|---|
| Copy of PAN Card | Copy of PAN Card firm/company |
| Passport size photograph | Copy of Property papers (If owned property) |
| Copy of Aadhaar Card/ Voter identity card | Copy of Rent agreement (If rented property) |
| Authorization letter (In case of Partnership) | Landlord NOC (Format will be provided by us) |
| Authority from other Directors on letter head (In case of company) | Cancelled cheque of firm |
| Copy of Partnership deed (In case of Partnership)Board Resolution/self declaration (In case of Company) | Electricity/ water bill (Business Place) |
| Telephone Bill in the name of the Individual (In case of individual) | Telephone Bill in the name of the business |
| Cancelled cheque of individual | Copy of Service Tax returns (In case of Proprietorship) |
| Certificate of incorporation (In case of company) | |
| Bank statement of firm/company | |
| AOA and MOA (In case of company) | |
| 1 letter head of company (In case of company) |
Taking your services or products to the international market will enlarge your businesses. IEC enable you to sell products outside India.
On the basis of IEC, companies or firms can benefits and subsidies their exports/ imports from DGFT, Customs and export promotion council.
Once you are done with IE Code Registration and submit all the required documents, IE Code is issued for the lifetime of the entity and requires no renewal.
IE Code does not require filing of any return. Once, an IE Code is issued there are no further procedures required to maintain validity of the IE Code.
Even individuals who are proprietors of a business can obtain IE Code in their name. It is not necessary to incorporate a business entity for obtaining IE Code.
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