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Commercial importers and exporters require an import export code in order to facilitate trade activities and surpass domestic or international trade.
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An Importer Exporter Code is a unique 10-digit code, which is requisite for every import/export business owner in India.
The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce and needs no filing or renewal.
An Importer Exporter Code is a unique 10-digit code, which is requisite for every import/export business owner in India.
The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce and needs no filing or renewal.
It helps traders step into the global market and make use of strategies to incentivise the trading activities.
Businesses can avail government schemes like Merchandise Export from India Scheme (MEIS), Service Export from India Scheme (SEIS) and others from Customs and Export Promotion
No compliance requirements pos registration and hence maintaining the business is relatively simple. There are no adaptational formalities required once the IEC has been obtained. In contrast to other tax registrations, the IE code holder is also exempt from any annual filing or return filing requirements. Additionally, there is no need to renew the code because it is valid forever.
With the online Import-Export licence application, the entire process of applying for an importer exporter code is quick and easy. The importer exporter code can be obtained in just 3–4 working days. After uploading the required files and making the required payment, the applicant can immediately download the e-IEC using the link provided in the mail.
Filings First will examine the supporting materials and documents received from you. After the documents are uploaded, we'll begin the detailed registration process.
Filings First shall draft the necessary documents and applications and preparation a plan of action to make an IEC application
Filings First will begin submitting online applications to DGFT for IEC Code registration. You will receive the digital copy on your email ID after the application has been approved.
The business owners can fill up the questionnaires, provide the necessary details, submit the documents and initiate online payments through secure gateways.
A panel of advisors will walk you through the process. You must consult an assigned relationship manager to obtain a digital signature certificate, write an application about the allotment of the IEC code.
It takes 3-4 working days to get the code.
Only importers and exporters of products or services are required to have an IE Code; IE Code is not a requirement for registration. As a result, there are no consequences for not having an IE Code; nonetheless, import/export cannot be done without one.
IE Code is still valid after the entity has expired, thus renewal is also not required.
A request for IEC may be changed as many times as necessary before being submitted for processing. You must log in using your PAN, mobile number, and email exactly as they are.
The IEC department used to assign a different number to the IEC code in the past. The PAN of an applicant will serve as the IEC registration number as a result of amendments that the Ministry has implemented. As a result, the PAN and IEC numbers will match. The Ministry will promptly issue the approval letter and register the applicant under IEC, notifying PAN as their IEC number.
Yes, anyone acting as proprietors of a business can register with the IE code.
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