Import Export Code

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Apply For IEC Code

(Professional Fee Rs. 1499+ Govt fee Rs.500)
₹ 1999/-
  • Documents Preparation
  • Application Filing with DGFT
  • Issuance of IEC Certificate
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(Get Your Certificate within 1 day)
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Import Export Code : Overview

In today’s global economy, businesses are increasingly looking beyond their national borders to expand and tap into new markets. For businesses in India, engaging in international trade requires obtaining an Import Export Code (IEC). Whether you’re exporting goods and services or importing raw materials, an IEC code is essential for legally conducting cross-border trade. This article will guide you through everything you need to know about the IEC, including why it’s important and how you can register for it easily through SetupFiling.in.

What is the Importer-Exporter Code (IEC)?

The Importer Exporter Code, commonly known as IEC, is a unique 10-digit number issued by the Directorate General of Foreign Trade (DGFT) in a particular country. This code is important for any business involved in the import or export of goods and services across international borders.

Think of it like an identification number that helps the government track businesses engaged in foreign trade. Without an import export code, a company cannot legally export or import goods from or to other countries. It is a mandatory requirement for businesses that wish to do international trade.

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Why is the Import Export Code Important?

  1. Regulatory Requirement: The Importer exporter code is a legal necessity to carry out cross-border transactions.
  2. Customs Clearance: It’s required to clear goods through customs when they enter or leave the country.
  3. Tracking and Monitoring: The code allows government authorities to monitor trade activities for security, taxation, and regulatory purposes.
  4. Bank Transactions: Businesses need the Importer exporter code for opening a current bank account specifically for foreign trade transactions.

IEC Code Registration Fees

(Professional Fee Rs. 1499+ Govt fee Rs.500)

₹ 1999/-
  • Get IEC Certificate within 1 day.
Pay Now
(Secured by Razorpay)
(Get Your Certificate within 1 day)

Documents Required for IEC Code

  • PAN card and Adhaar card of Proprietor/Partners/Directors
  • Passport-sized photographs of Proprietor/Partners/Directors
  • Email id and mobile number of Proprietor/Partners/Directors
  • Proof of business address (e.g., rent agreement, utility bills)
  • Bank account details (bank statement or cancelled cheque)
  • Partnership deed or Certificate of Incorporation (for companies/LLPs) – If any
  • PAN card of the applicant or business entity – if any
  • GST Registration Certificate – If have

Benefits of Having an Import Export Code or IEC Code

Having an IEC code offers a plethora of benefits for businesses engaged in import and export activities. Some of the key advantages include:

  1. Global Expansion: With an IEC code, you can easily expand your business globally by engaging in import and export transactions.
  2. Access to Government Benefits: Having an IEC code allows you to avail of various government benefits such as customs duty exemptions and export incentives.
  3. Enhanced Credibility: Possessing an IEC code enhances your credibility in the international market, making it easier to establish trust with overseas clients and suppliers.

In conclusion, obtaining an Import Export Code (IEC) is crucial for businesses looking to engage in import and export activities. The process of applying for an IEC code is simple, and the benefits it offers are immense. So, if you are planning to take your business to the global stage, make sure to get your IEC code today and unlock a world of opportunities!

How to Register for Import Export Code ?

The process of obtaining an IEC can seem daunting for first-timers, but with SetupFiling.in, it’s a smooth and hassle-free experience. Here’s how it works:

  1. Fill Out the Application: Start by filling out a simple online application form with your business and personal details.
  2. Upload Documents: Once the form is completed, upload the required documents to verify your credentials.
  3. Review and Payment: Our team will review your application to ensure all information is accurate and compliant. After this, pay the necessary government fees and our service charge.
  4. Application Submission: We will then submit your application to the DGFT for processing.
  5. Receive IEC Code: After the successful processing of your application, your IEC code will be emailed to you within 2-3 working days
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FAQs on Import Export Code Registration

1. Is an IEC code necessary for service exporters?

Yes, service exporters also need an IEC code if they are receiving payment in foreign currency or are involved in cross-border contracts.

2. Can I modify my IEC details after registration?

Yes, details like business address and name can be updated in the IEC by filing an amendment application with the DGFT.

3. Do I need an IEC for imports/exports for personal use?

No, an IEC is not required if the goods are imported/exported for personal use, and not for business or commercial purposes.