IEC Code Registration
Get IEC Code Registration in Jaipur in ₹ 2500 (All inclusive)
- For Importers and Exporters
- Filing application with DGFT
- Simple and Secure Online Process
- Dedicated Professional
- Hassle-Free Process
- Get IE Code in 2-3 days
Need Help with IEC Code Registration?
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Import Export Code (IEC) Registration is essential for both importers and exporters in India. It involves obtaining a ten-digit code based on the PAN, which is mandatory for conducting import-export business.
All exporters must cite their IE Code when shipping goods from India, while importers must declare their IE Code while clearing customs for goods entering India. Additionally, the Reserve Bank of India (RBI) requires entities dealing with import or export services to mention their IE Code in foreign remittances to bank accounts. Hence, IE Code is a prerequisite for anyone engaged in import or export activities in India.
Our team at Financial Chartered ensures efficient and timely delivery of Import Export Codes, assisting you in fulfilling government requirements through our expert professionals. Contact us at 8890077750 or email us at financialchartered.com@gmail.com for assistance with IEC Registration.
Advantages of Import Export (IEC) Registration:
Easy and Online Registration:
Acquiring an Import Export Code is a straightforward online process through a dedicated portal. No proof of imports or exports is necessary to obtain the IEC code.
No Renewal Required
The IEC code is issued for the lifetime of an entity and does not require renewal. Once acquired, it can be utilized for all import and export transactions.
No Filing of Returns
After obtaining the IEC License, no further return filings are necessary. There are no additional procedures required to validate its legitimacy with the Directorate General of Foreign Trade (DGFT).
Use of Import Export Code (IEC)
The IEC acts as a license for importing and exporting goods. It facilitates customs clearance and provides essential dealer code and port details for imported and exported goods, helping prevent illegal trade activities.
Documents Required for Import Export Code:
The documentation varies based on the type of business entity:
– For Sole Proprietorship/Individual, Partnership Firm, Limited Liability Partnership, and Companies, the required documents include proof of identity, bank account details, and proof of the principal place of business.
- Process of Import Export (IEC) Registration
The registration process involves several steps, including filling out a questionnaire, submitting the necessary documents, receiving an OTP for verification, applying for the IEC registration with DGFT, paying the government registration fee, and receiving the IEC code license via email.
- Exemption from IEC Registration
Certain entities, such as the central government or agencies for defense purposes, or individuals importing/exporting goods for personal use, are exempt from obtaining an IE Code.
- Validity and Usage
The Import Export Code is valid for the lifetime of the entity and does not require renewal. It is essential for customs clearance, bank transactions related to imports/exports, and foreign currency remittances.
- Penalty
While Import Export Code registration is not mandatory for all, individuals engaged in import/export without the code may face limitations in conducting international trade.
