IEC Registration
If your business depends on importing goods from overseas or exporting goods to other parts of the world, you will need an Import Export Code Registration for your business. At EOB, we assist you with completing the process in 3 working days.
Fee: Rs. 1999 (All Incl).
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What is IEC
An Importer -Exporter Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted. For services exports however, Import Export Code Registration (IEC) is not necessary except when the service provider is taking benefits under the Foreign Trade Policy.
ADVANTAGES
Benefits of Importer Exporter Code
Applying for an Import Export Code is now easy and hassle-free. It’s an online process and takes about 3 working days to get your Import Export Code Registration completed. Once the documents are uploaded and the fee is duly paid, the e-IEC can be downloaded from the link provided in the email, and it’s ready to use. It’s as simple as that.
It is mandatory for any business entity engaged in imports or exports to have an IEC. Overseas business is not allowed with an IEC. Having an IEC makes it easy for an entity to access the global markets.
The IEC application is a one-time activity and doesn’t need any renewal. The IEC Id is valid for as long as the business entity is in existence. Its simple, hassle-free, and easy to obtain.
The government of India constantly introduces and offers benefits and special schemes to improve global trade. Most exports from India get attractive tax benefits and in some cases incentives too. Manufacturers can benefit from import duty subsidies for machinery used for exports etc.
ONLINE REGISTRATION
Import Export Code Registration
THE PROCEDURE
It’s a simple process to register your Import Export Code Registration online.
- Collect documents required for registration
- Complete the documents with all details required.
- Filing the online application with DGFT
- Await confirmation from the DGFT department
FREQUENTLY ASKED QUESTIONS
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Who can apply for an Import Export Code (IEC)?
- Any business entity that is planning to or is engaged in exports from India or imports into India needs an IEC.
- Even in case of services or technology, if the business entity is taking benefits under the Foreign Trade Policy or has foreign exchange transaction, its mandatory to have an IEC.
Is it mandatory to have an Import Export Code (IEC)?
Its not mandatory. Its needed only if you engage in overseas business.
One doesn’t need an IEC for bringing goods or sending goods for personal use.
Can an individual apply for IEC registration?
IE Code is issued only to business entities. It can be any business structure from a proprietorship firm onwards.
Does one need a PAN Card to apply for IEC?
Having a PAN number is necessary for filing the IEC application. Your PAN Card is linked to your IE Code.
For how long is the IEC Valid?
The IE Code generation is a one time activity and doesn’t require any renewal. It stands valid for the life of the business entity. It’s a perpetual registration.
Can I modify the business information on an existing IE Code?
Yes. It can be modified by providing all supporting documents for the changes requested. The changes will be updated in the government portals for future reference and use.
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