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Import Export Code Registration

3 Import Export Code(IEC) is necessary for all those businesses which deal with the import and export of goods and services. Taxxinn offers you IE Code registration at the lowest price.

  • Service Cost: ₹999 (Starting From)
  • Estimated Time: Within 48 Hours
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    Import Export Code Registration Online

    Import Export Code(IEC) Registration is quick, simple, and would be possible online with Taxxinn in 3 plain sailing steps

    Fill Form

    Simply fill the above form to get started.

    01

    Call to discuss

    Our expert will connect with you & prepare documents.

    02

    Get certificate

    Get your IEC Registration Certificate.

    03

    Overview

    Any business house operating in India dealing with import and export of goods for commercial use, it is compulsory to have a 10 digit Import Export Code. Mostly Import and export code is referred to as IEC code. Import Export Code has Lifetime Validity

    IEC represents for “Import Export Code” Legal Provisions under section 7 of Directorate General of Foreign Trade (DGFT) Act, 1992 Importer Exporter Code. An individual should make any import or export under Import export code(IEC) that is provided by the Directorate General of Foreign Trade officer, in accordance with the steps specified by director general.

    This code is issued by the Directorate General of Foreign Trade (DGFT) which is an autonomous body under the Ministry of Commerce and Industries, Government of India. Import Export Code(IEC) application must be submitted to the Directorate General of Foreign Trade with supporting documents. Once, the application is submitted, DGFT will issue the IEC in 15 to 20 working days.

    Advantages of Import Export Code

    Global Market
    If a business does not have an Import export code(IEC), it is not permitted to import or export goods/services into the global market. It is a key to enter the global market and extending the extent of the business. With Import export code(IEC), one can list their product/ services in the global market which helps in the easy expansion of the business.

    Compliance-free
    Once the Import export code(IEC) is received, there are no additional formalities to be carried out. In contrast to other tax registrations, the Import export code(IEC) is received holder does not need to do any return filing or annual filling additionally.

    No Renewal
    As the validity of the Import export code(IEC) is for a lifetime so there won’t be any renewal process that has to be undergone. Which reduces the burden of the importer or exporter.

    Government benefits
    There are many schemes which the government introduces for importer and exporter so having an Import export code(IEC), one is eligible to get the benefit from Government schemes. The Import export code(IEC) helps to get subsidies from the export promotion council and customs. They are eligible to avail the schemes under DGFT on their import/export.

    Simple Processing
    The process of applying an Import export code(IEC) involves a very simple and hassle-free process. Once the application is submitted online, it usually takes 3-4 working days to receive the Import export code(IEC). One can immediately download the Import export code(IEC) once it is approved from the portal.

    When is Import export code(IEC) required

    • Import Export Code(IEC) is required when an importer wants to clear customs in the port.
    • Bank requires Import export code(IEC) to send the cash to another country through their bank account.
    • If an exporter wants to export his goods he has to show the Import export code(IEC) to the customs officer to process the shipment further.
    • When an exporter receives the cash from the foreign country for the goods exported he needs to show the Import export code(IEC).

    Eligibility

    Any kind of business registration: Sole Proprietorship, Private Limited, Partnership and Charitable association doing export and import of goods should register for Import export code(IEC), irrespective of the size of the business house.

    If an individual wants to import/export goods for personal use, which is not associated with manufacture or trade or agriculture does not require Import export code(IEC). Even there is no requirement for a business set up to acquire Import export code(IEC).

    Documents Required For Import Export Code

    Passport Size Photograph

    PAN Card

    Bank Acccount Details

    Pre Printed Cancel Cheque
    Certificate From Bank

    Address Proof

    IEC Registration Process

    IEC registration procedure is easy but a professional would be needed to complete the same. TaxxInn is experienced in IEC registration with an experience of registering more than 1000 registration throughout India.

    Our TaxxInn experts will reach you out, explain the process step by step and help you out with your queries. Experts will help you in choosing the perfect type of IEC license suitable for your business.

    Experts will let you know about the documents required. You can Email us the scanned copy of the documents.

    As the IEC registration process is entirely online, you need to visit the DGFT website and create your profile. Mobile and email should also be valid as verified by OTP.

    The next step you should do after making the profile is to prepare the application. In addition, all necessary documents are also uploaded to the IEC website at this point only.

    If the application has been fully completed , the next step is to apply the application. It is advised that the document be reviewed before submission.

    After several follow ups with the authorities the approval will be provided. Once the approval is provided a digital copy of license will be sent through email.

    Import Export Code(IEC) Validity

    As the validity of the Import export code(IEC) is for a lifetime so there won’t be any renewal process that has to be undergone. Which reduces the burden of the importer or exporter

    Once the Import export code(IEC) is received, there are no additional formalities to be carried out. In contrast to other tax registrations, the Import export code(IEC) is received holder does not need to do any return filing or annual filling additionally

    RCMC Registration

    RCMC represents the “Registration cum Membership Certificate” this is issued by the Export Promotion Council which is an autonomous body under the Ministry of Commerce and Industries, Government of India. Any business house dealing with the export of restricted products and wants to seek concession under foreign trade policy like duty withdraw needs to hold Registration cum Membership Certificate(RCMC)

    Highlights

    Import Export Code required in the business of export or import of goods and services in India.

    IE Code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India.

    Applying IE Code is one-time process requires no renewal. Hence, IE Code is Life Time registration.

    IE Code neither requires any kind of returns filling nor any further procedural compliances.

    IE Code requires to quote with customs authorities/banks for importing & exporting goods and making or receiving payment to/from international vendors.

    Authorized dealer code required for customs clearance while exporting goods outside India. It can be obtained from the bank.

    FAQs on Import Export Code

    Any business house operating in India dealing with import and export of goods for commercial use, it is compulsory to have a 10 digit Import Export Code. Mostly Import and export code is referred to as IEC code. Import Export Code has Lifetime Validity.

    IEC represents for “Import Export Code” Legal Provisions under section 7 of Directorate General of Foreign Trade (DGFT) Act, 1992 Importer Exporter Code. An individual should make any import or export under Import export code(IEC) that is provided by the Directorate General of Foreign Trade officer, in accordance with the steps specified by director general.

    Any business house operating in India dealing with import and export of goods for commercial use, it is compulsory to have a 10 digit Import Export Code. Mostly Import and export code is referred to as IEC code. Import Export Code has Lifetime Validity

    No, one can’t export/import without having Import export code

    Below are the benefits of IEC:

    • Global market
    • No renewal
    • Compliance free
    • Government schemes

    For the process of Import export code request, it usually takes 5 to 7 working days.

    No, only one IEC would be issued against the PAN holder.

    Once IEC is delivered the validity for that is a lifetime.

    There is no filing to be done once you get an Import export code(IEC).

    Yes, an individual can have an Import export code(IEC) against his name.

    Yes, changes can be made in the Import export code(IEC). You can reach Taxxinn for further details.

    Yes, one can make a formal request to DGFT online for the cancelation of Import export code(IEC).

    No, there won’t be any tax levied like other registration

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