Import Export Code
IEC Certificate approval in 1 days
Register your business under Import Export Code easily with LegalShark. Our team of expert help you to obtain IEC online. Get Import Export Code certificate online.
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Register your IEC certificate in 3 easy steps.
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What is an Import Export Code (IEC)?
An Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, Government of India. It serves as a license required for businesses engaged in importing or exporting goods and services from India to other countries.
Importance of IEC Registration
IEC registration is mandatory for businesses looking to engage in import-export activities. It enables smooth customs clearance, facilitates international transactions, and ensures compliance with foreign trade regulations.
With an IEC code, businesses gain access to a vast array of international markets. It opens doors to new opportunities for expansion, partnerships, and collaborations on a global scale.
Obtaining an IEC demonstrates your commitment to legal compliance and adherence to international trade laws. It streamlines the documentation process and enhances credibility in the eyes of overseas partners and authorities.
How to Obtain IEC Registration?
To obtain IEC registration in India, businesses must meet eligibility criteria such as having a valid PAN card, being registered under GST if applicable, and having a recognized Indian bank account. The process involves filling out an online application form on the DGFT website, submitting required documents like PAN card, GST certificate, and bank details, paying the prescribed fees, and awaiting verification and approval from DGFT authorities.
Documents Require For Import Export Code Registartion
Application Process
The process of IEC registration involves the following steps:
- Online Application: Visit the DGFT website and fill out the online application form with accurate details regarding your business, directors/partners, bank account, and import-export activities.
- Document Submission: Upload the required documents, including PAN card, GST certificate, bank details, digital signature, and business address proof.
- Payment of Fees: Pay the prescribed IEC registration fees online through the designated payment gateway.
- Verification and Approval: Once submitted, your application will be processed by the DGFT authorities. Upon successful verification, your IEC code will be issued and sent to you electronically.
Benefits of IEC Registration
- Global Visibility
- Competitive Edge
- Financial Flexibility
- Benefits From Govt
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FAQS On IEC Registration in India
An Import Export Code (IEC) is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT). It is mandatory for businesses engaged in import-export activities as it facilitates customs clearance, ensures legal compliance, and enables access to global markets.
Any business or individual involved in importing or exporting goods and services from India to other countries must obtain an IEC registration. This includes manufacturers, traders, exporters, importers, and service providers.
The documents required for IEC registration include a valid PAN card, Goods and Services Tax (GST) certificate (if applicable), bank account details, digital signature, and proof of business address.
Yes, the IEC registration process is primarily online. Applicants can visit the DGFT website, fill out the online application form, upload the required documents, and make the payment online.
The processing time for IEC registration can vary but typically takes around 1-2 working days after the submission of a complete application and documents.
Yes, an IEC code is valid for a lifetime and does not require renewal. However, any changes in business details or status must be updated with the DGFT.
No, each business entity is allowed to have only one IEC code. If there are multiple branches or divisions, they can operate under the same IEC code.
The benefits of IEC registration include streamlined customs clearance, access to global markets, participation in international trade events, eligibility for export incentives, and enhanced credibility in international transactions.
Engaging in import-export activities without a valid IEC code can lead to penalties and legal repercussions. It is essential to comply with regulatory requirements to avoid disruptions in international trade operations.