Import Export Code Registration

Import Export Code (IEC) registration is essential for businesses engaged in the import or export of goods and services from India.

Businesses involved in international trade must obtain an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT), a part of the Ministry of Commerce and Industries (MCI). This code, issued to both businesses and individuals, is a lifetime authorization and requires no renewal. IEC is crucial for regulating specific restricted sectors related to international trade, such as nuclear weapons and automatic guns.

ETaxwala, a leading online legal services platform, specializes in Import Export Code Registration in India. Our services encompass a range of registrations, including GST registration, FSSAI registration, Professional Tax registration, TAN registration, ESI registration, PF registration, MSME registration, Digital Signature, and Trade License.

We facilitate the Import Export Code registration process from the comfort of your home, providing technical services tailored to individual needs. Consult with our top-rated experts for a free and straightforward registration.

Advantages of Import and Export Code Registration

• Business Growth: IEC enables individuals or businesses to sell products and services in the international market, fostering business growth.
• Lifetime Validity: The Import and Export Code is valid for a lifetime, eliminating the need for renewal.
• No Compliance Requirements: IEC registration does not mandate any statutory returns or compliances, maintaining validity without additional requirements.
• Subsidies on Exports: Entities with an Import and Export Code can claim subsidies on exports from DGFT, Customs, and Export Promotion Councils (EPC).

Documents Required For Import and Export Code Registration

For Individual/Proprietor/Partner/Director:

• Self-attested copy of PAN card (mandatory).
• Authorization letter and NOC copy (In case of Partnership).
• Partnership Deed copy (In case of Partnership).
• Board resolution copy (In case of Company).
• Authority from Directors on the company letterhead (In case of Company).
• Bank Certificate/Cancelled Bank Account cheque (Individual).
• Passport size photographs.
• Identity proof of Individual/director/Partner/Proprietor (Passport, Aadhar card, Voter ID, Driving license).
• Address proof (Self-attested copy of Telephone/Mobile or Electricity bill, Bank Account Statement).

For Entity:

• Copy of PAN Card (for Firm/Company).
• MoA and AoA copy (For company).
• Bank statement copy (For Company/Firm).
• CoI copy (For Company)/Partnership Agreement.
• Cancelled Bank Account cheque (For Firm).
• Company Letterhead (For Company).
• Entity Address Proof (Telephone/Mobile/Electricity/Gas bill).

Registration Process For Import and Export Code

Document Preparation: ETaxwala will prepare your IEC application based on the details provided, along with collecting required documents.

Application Submission: ETaxwala will submit your IEC application and necessary documents to the Regional Director of DGFT for processing.

IEC Receipt: Upon approval, ETaxwala will receive your IEC, completing the process.

Congratulations! Your work is done.

FAQs:

Q. What kind of form needs to be filled for Import Export Code application?


Ans: Form ANF 2A (Aayaat Niryaat Form 2A) must be filled and submitted to the Regional Director of DGFT.

Q. Who needs to apply for IEC Code?


Ans: Any business or individual undertaking the import and export of services and goods from the country must obtain an Importer Exporter Code (IEC) from the Government.

Q. Why is IEC Code needed?


Ans: Exporters must mention the IEC code when exporting goods and services from India, and Importers need it when clearing their imported goods from Customs. Additionally, RBI requires the IEC code in bank remittances for individuals or entities engaged in import and export.

Q. Are there any mandatory compliance requirements under IEC?


Ans: No, IEC is solely a license, and no mandatory compliances need to be followed.

Q. Is there any penalty for not having an Import Export Code?


Ans: No, there is no penalty for not having an Import Export Code. While not mandatory under law, the absence of the IEC Code would prohibit the export or import of goods and services.