What is the IEC Code (Import Export Code)?

The Importer-Exporter Code (IEC) is a crucial business identification number that is mandatory for Exports or Imports. No one may import or export except entrepreneurs who have completed the IEC Code Registration process with the DGFT. The Import Export Code Registration shall be required only when the service or product provider is taking benefits under the Foreign Trade Policy or is dealing with specified services or products. So, IEC Registration Code is an essential element for the global market to support business growth.

What is the validity period of IEC Code Registration?

IEC Code registration is a permanent registration that is valid for a lifetime. Therefore, updating, filing, and renewal of IEC registration aren’t compulsory. It is valid until the business exists or the registration is surrendered.

What is the procedure to get Import Export Code?

If you are aware of the IEC registration process then you have to visit the official website of dgft at www.dgft.gov.in. There under the dashboard tab you have to register your profile. Make sure to enter the correct email id and mobile numbers because both will be verified via otp. After registering you will receive a one-time temporary password on your email. Which you will have to change while login. Now you have to enter all the details step by step and in the end you have to submit your application via Aadhaar E-sign or DSC Token. Once you submitted the application you have to pay the government fee of Rs. 500/-. Upon successful payment you will receive the certificate on your email.

Is IEC Code Registration mandatory?

An Import Export Code (IEC) is a key business identification number that is mandatory for exports from India or imports into India. Unless specifically exempted, no person shall export or import without obtaining an IEC.

What is the cost to get an IEC code in India?

As per the latest notification, IEC code application fees are ₹500/- which can be paid online through e-wallets/Net Banking, or credit or debit cards. Therefore, the government fee or official fee to get an IEC code in India is ₹500.

But what about the professional fees? Many professionals carry out the IEC Code procedure to make it a simpler and more time-saving process for you.

Many online portals and offline agents charge IEC code fees ranging from ₹3000-5000, whereas “Legal Hub India” charges a professional fee of only ₹2000/- + Govt Fee of Rs. 500/- and provides you an Import Export Code Registration in 1 day.

This is the market’s lowest Import Export Code Registration cost with a premium service.

Why do Importers or Exporters Need Import Export Code Registration?

A corporate entity must have an import and export code, which is a 10-digit PAN-based unique number provided by India’s Directorate General of Foreign Trade (DGFT), to import and export goods. Before importing goods, the trader must make sure that the entity doing the importing has both an IE code registration and a GST registration.

The items will be held at the port and start accruing demurrage fees, or they might be destroyed if the importer does not have an IE code and a GST Registration.

What do you get from IEC registration?

• With the IEC registration, businesses can sign up as online e-commerce operators and then sell to customers all over the world.
• Companies can make use of government programmers like the MEIS (Merchandise Export from India Scheme), SEIS (Service Export from India Scheme), and others for customs and export promotion.
• After it has been given, the IE Code does not need to be renewed. It is good for the life of the company.
• The Import and Export Code registration aids in the expansion of the company on a worldwide scale.

Why do you link up with Legal Hub India?

We will offer you import and export code registration within the next 24 to 48 hours. From completing the checklist to processing the paperwork, our professionals will walk you through the whole procedure. We provide you with the IEC (Import Export Code) without any trouble. We would take care of filing and follow up with the Director General of Foreign Trade (DGFT) so that you don’t have to leave your workplace or home.

We’ll update you on the progress of your application. Our professionals will efficiently and affordably finish the import and export code registration process.

What are the documents required for the IEC Registration?

You can register your self as an Individual, Partnership Firm, Company or Trust. The documents are different for each entity. Below we are mentioning the list of documents which are required for IE Code.

Proprietorship Firm: Pan Card of Proprietor, Aadhaar Card of Proprietor, Address Proof (Rent Agreement, Aadhar Car, Electricity Bill, Voter ID, Etc.) and Bank Proof (Bank Passbook, Statement or Cancel Cheque).

Partnership Firm: Pan Card of Firm, Partnership Deed, Pan Card of all Partners, Aadhaar Card of Partners, Address Proof (Rent Agreement, Aadhar Car, Electricity Bill, Voter ID, Etc.) and Bank Proof (Bank Passbook, Statement or Cancel Cheque).

Company: Pan Card of Company, Certificate of Incorporation, Pan Card of all Directors, Aadhaar Card of Directors, Address Proof (Rent Agreement, Aadhar Car, Electricity Bill, Voter ID, Etc.) and Bank Proof (Bank Passbook, Statement or Cancel Cheque).

Society/ Trust: Pan Card of Society or Trust, Trust Deed, Pan Card of all Trustees, Aadhaar Card of Trustees, Address Proof (Rent Agreement, Aadhar Car, Electricity Bill, Voter ID, Etc.) and Bank Proof (Bank Passbook, Statement or Cancel Cheque).

What documents are required in case of Foreign Director?

Normally adhaar card and pan card is required in case of national director. But there is no aadhaar and pan card of foreign director. Then in that case we have to update the passport details of the foreign director while registering for IEC.