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.

1999(Starting from)

*limited time period only.

arrow1200000+

Business Served

arrow4.9/5

Google Ratings

arrowEMI

Easy EMI Options

HERE'S HOW IT WORKS

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

1. Fill Form
Simply fill the above form to get started.
2. Call to discuss
Our expert will connect with you & prepare documents.
3. Get certificate
Get your IEC Registration Certificate.

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.

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

Pancard

Bank Account 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.

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).

Heighlights

Limited Liability

When IEC is Required ?

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

Separation of Mangement & Shareholders

Issuance Authority

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

Separate Legal Entity

No Renewal Required

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

Perpetual Succession

No Returns filling

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

Easy Equity Funding

Custom & Banks Requirement

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

Taxation

AD Code

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.
IThere 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

Get me more details

arrow