IMPORT EXPORT CODE or IEC REGISTRATION
Import Export Code or IEC Code Registration in India – Online Filing Process, Procedures, and Cost
About Import Export Code (IEC) – It’s Meaning
Import Export Code (IEC) is required by anyone who is into the business of import and export. IEC is issued by the Director General of Foreign Trade (DGFT) and it is a 10 digit number. There is no filing required for IEC and comes with lifetime validity. Without IEC, Importers cannot import goods into India and Exporters will not get the benefit from DGFT, Customs, Export promotion council.
When should you apply for IEC
- IEC is required by customs authorities when an importer has to clear the shipments
- Banks would need IEC when importer sends money abroad
- IEC is required at the customs port when an exporter has to send shipments
- Banks would need IEC when exporter receives money in foreign currency
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The Procedure and Process for IEC Registration
Step 1: An online form ANF-2A (Aayaat Niryaat Form) has to be filed with the respective regional office of DGFT
Step 2: Enter the PAN and fill the requisite details and file the online application
Step 3: Download the Soft copy of the IEC certificate
Timeline – How long does it take to register IEC in India
If everything is in order, it may take anywhere between 2 to 3 business days for registering IEC. This timeline is further subject to Government processing, approval time, public holidays, etc.
Documents required for IEC Registration:
|
Document |
Proprietorship |
Partnership |
OPC |
LLP |
Pvt Ltd |
|
PAN card of promoter/s |
✓ |
✓ |
✓ |
✓ |
✓ |
|
PAN card of the company/firm |
– |
✓ |
✓ |
✓ |
✓ |
|
Aadhar card of promoter/s |
✓ |
✓ |
✓ |
✓ |
✓ |
|
Registered office documents such as Rental agreement/Sale deed/Latest tax paid receipt/Lease agreement |
✓ |
✓ |
✓ |
✓ |
✓ |
|
Utility bill |
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
✓ |
✓ |
✓ |
✓ |
✓ |
|
NOC if the premise is not in the name of the applicant |
✓ |
✓ |
✓ |
✓ |
✓ |
Benefits IEC Registration:
- Avail benefits under schemes like SEIS (Service Exports from India Scheme) or MEIS (Merchandise Exports from India Scheme)
- You can take your business to the International Market
- No filing required
- Lifetime Validity
- Proprietors can also apply for IEC
Cost for IEC Registration:
Government fees for IEC registration are Rs.500 and for modification in an existing IEC is Rs.200. Our fees are Rs.3000.