Importer-Exporter Code (IEC) In India

Importer-Exporter Code (IEC) is a major business identification number that is mandatory for export or import. The IEC number is provided by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce. No export or import shall be made by any person without obtaining IEC unless specifically exempted

It is mandatory to obtain an IEC code in india before starting an import/export business

My Financial Advisory is one of the most preferred advisors for IEC in India by many importers/exporters.

Our Fee Structure:

  • Market Price : 4000
  • MFA Price : 1499

IE code validity

IE Code Registration is a super durable enlistment that is substantial for a lifetime. Hence, there’ll be no hassle in the updating, filing, and renewal of IE Code Registration in india. This is often valid until the business ceases to exist or the registration is canceled or surrendered. Also, unlike tax registrations like GST registration or PF registration, the importer or exporter isn’t required to file any filing or suits the other compliance requirement like annual filing.

Since IE code registration is just one occasion and doesn’t require additional compliance, it’s recommended for all companies and LLPs to get IE code after incorporation. 

IE code discount

An Import Export Code is required for the import of any sort of goods by a business. However, the subsequent categories of persons are exempted from obtaining the IE Code:

  1. Importers and exports by the Central Government or agencies or undertakings for defense purposes or other specified lists under the Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993.
  2. Import or export products for private use.

How does one register IEC codes for exporters and importers?

  • You need to follow the steps required to register the IEC Code for Exporters and Importers:
  • You will need to prepare a form i.e. Import Export Form 2A format and file an equivalent with the concerned DGFT.
  • Along with this, you’ll need to submit all the identity documents like your PAN Card\Passport\Aadhaar Card, etc., proof of your address Aadhaar Card\Voter ID\Passport alongside your bank details.
  • Once you complete your application process, you would like to file it with DGFT using Digital Signature Certificate and pay the specified fee to register for IEC.

Once your application is approved, you’ll receive a soft copy of the IEC code from the govt.

Documents Required for IEC (Import Export Code) Registration

For IEC code registration, the subsequent documents are required:

  • Copy of PAN card of individual or firm or company.
  • Voter ID or Aadhaar card or passport copy of the individual.
  • Canceled check copies of current bank accounts of the individual or company or firm.
  • Copy of the rent agreement or electricity bill of the premises.
  • A self-addressed envelope for delivery of the IEC certificate by registered mail.