What is IEC code?
IEC stands for Import Export Code. It is a 10-digit alphanumeric code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. The IEC code is required for any individual or business entity engaged in import or export activities in India.
The IEC code serves as a unique identification number for the importers and exporters and is used to track and monitor their international trade transactions. It is mandatory for businesses to obtain an IEC code before engaging in import or export of goods and services.
Here are some key points about the IEC code:
Requirement for Import/Export: Any person or business entity involved in import or export activities in India needs to obtain an IEC code. It is a mandatory requirement for customs clearance and conducting international trade transactions.
Unique Identification: The IEC code acts as a unique identification number for importers and exporters in India. It helps in differentiating and tracking various entities engaged in cross-border trade.
Application Process: The application for an IEC code is submitted online through the DGFT website or the e-commerce portal of the relevant Regional Authority of DGFT. The application requires providing specific details about the business, such as name, address, PAN number, bank details, and other relevant information.
Single Code for All Locations: Once obtained, the IEC code is valid for all branches or locations of the business across India. It eliminates the need for separate codes for each branch or location engaged in import or export activities.
No Renewal Required: Unlike other licenses or registrations, the IEC code does not require periodic renewal. Once obtained, it remains valid for the lifetime of the business or until it is surrendered or canceled.
Use in Customs Declarations: The IEC code needs to be mentioned in customs declarations, shipping documents, and other relevant trade documents during import or export transactions. It helps customs authorities in identifying the importer or exporter and facilitating customs clearance.
Exemption for Personal Use: Individuals or businesses engaged in import or export of goods or services for personal use or non-commercial purposes may be exempt from obtaining an IEC code. However, specific conditions and limits apply, and it is advisable to consult with relevant authorities or professionals for accurate information.
Obtaining an IEC code is essential for businesses involved in international trade to comply with regulatory requirements and facilitate smooth import and export operations.
Documents Required for IEC Code Registration
To obtain an Import Export Code (IEC) in India, the following documents are typically required:
Identity Proof of the applicant: PAN card of the individual or the business entity applying for the IEC code. In the case of companies or partnerships, PAN cards of the authorized signatories may also be required.
Address Proof of the applicant: Any valid address proof document, such as Aadhaar card, Passport, Voter ID, Driving License, or utility bills (electricity bill, telephone bill, etc.) that clearly displays the address.
Bank Certificate or Cancelled Cheque: A canceled cheque or bank certificate (not older than one month) from the applicant’s bank account, clearly indicating the applicant’s name and bank account details.
Digital Signature Certificate (DSC): In some cases, a Class 2 or Class 3 Digital Signature Certificate may be required for the authorized signatories, especially for companies or limited liability partnerships (LLPs).
Copy of Memorandum of Association (MOA) or Partnership Deed: For companies or partnerships, a copy of the MOA or partnership deed is required, indicating the names of the partners or directors.
Photographs: Recent passport-sized photographs of the applicant or authorized signatories, with the name and designation mentioned at the back.
Copy of Bank Statement: A copy of the bank statement for the last three months may be required to verify the financial transaction details of the applicant.
Copy of Letterhead (optional): In some cases, applicants may be required to provide a copy of the letterhead of the business entity.
It is important to note that the exact document requirements may vary based on the jurisdiction and specific guidelines provided by the Directorate General of Foreign Trade (DGFT) or the Regional Authority of DGFT. It is advisable to refer to the official DGFT website or consult with IEC Consultants well-versed in IEC code registration for accurate and updated information regarding document requirements for obtaining an IEC code.
FAQs and answers related to IEC Code Registration
Here are some frequently asked questions (FAQs) related to IEC code registration in India, along with their answers:
Q1: What is an IEC code?
A1: An IEC code, or Import Export Code, is a unique 10-digit alphanumeric code issued by the Directorate General of Foreign Trade (DGFT). It is required for individuals or businesses engaged in import or export activities in India.
Q2: Who needs to obtain an IEC code?
A2: Any individual or business entity involved in import or export activities, including trading, manufacturing, or services, needs to obtain an IEC code. It is mandatory for customs clearance and conducting international trade transactions.
Q3: How can I apply for an IEC code?
A3: The application for an IEC code can be made online through the DGFT website or the e-commerce portal of the relevant Regional Authority of DGFT. The application form needs to be filled with the required details, and supporting documents should be uploaded.
Q4: What documents are required for IEC code registration?
A4: The documents typically required for IEC code registration include identity proof, address proof, PAN card, bank certificate or canceled cheque, digital signature certificate (in some cases), MOA or partnership deed, photographs, and bank statements.
Q5: Can an individual have multiple IEC codes?
A5: No, an individual or business entity is allowed to have only one valid IEC code. It is valid for all branches or locations across India.
Q6: What is the validity period of an IEC code?
A6: Once obtained, an IEC code does not have an expiry date. It remains valid for the lifetime of the business or until it is canceled or surrendered.
Q7: Is there a renewal process for an IEC code?
A7: No, there is no renewal process for an IEC code. Once obtained, it does not require periodic renewal.
Q8: How long does it take to obtain an IEC code?
A8: The processing time for an IEC code application can vary, but it typically takes around 1 to 2 weeks from the date of submission, assuming all the documents and information provided are accurate and complete.
Q9: Can an IEC code be modified or amended?
A9: Yes, certain changes such as updating contact details or adding or removing partners/directors can be made to the IEC code. Amendments can be done online through the DGFT website.
Q10: Can an IEC code be canceled or surrendered?
A10: Yes, an IEC code can be canceled or surrendered by submitting a request to the concerned Regional Authority of DGFT. This can be done in case the business ceases to operate or there is a change in ownership.
Please note that the above answers are general in nature, and the specific requirements and procedures may vary. It is advisable to refer to the official DGFT website or consult IEC Consultants well-versed in IEC code registration for accurate and updated information regarding IEC code registration.
Looking for the Best IEC Consultants in India? Connect with India’s leading IEC Consultants to obtain accurate and current information on IEC License, including eligibility criteria, required documents, registration process, and license fees. Our experienced experts will guide you through the process of obtaining an IEC License and provide you with professional support throughout the journey. With IEC Consultants services, you can save valuable time, effort, and money by getting the right knowledge and guidance.
Given below is the list of Top 5 IEC Consultants in India
Registration Filing
Registration Filing consultants provide a variety of services such as Import Export Code, Online GST, Trademark Registration, MSME Registration, FSSAI Food License, and ISO Certification to businesses in India.
The mission of Registration Filing is to simplify legal and business-related issues through an innovative platform. These consultants are dedicated to assisting startups and entrepreneurs in managing legal services for establishing and maintaining their businesses.
Registration Filing aims to offer affordable, efficient, and automated professional legal services to clients. Using technology, Registration Filing brings together various government/legal forms in one place and simplifies them to make them easily understood by the average person.
Contact Registration Filing
Office – Unit 44, CSC DDA Market, Sector 10, Dwarka, New Delhi – 110075
Call: 9266662243
Website – https://www.registrationfiling.com
Abhi Filings
Abhi Filings, located in Bangalore, specializes in providing consultancy services for various registrations such as FSSAI License, GST Registration, Shops & Establishment Registration, Contract Labour License, BOCW Registration, BBMP Trade License, Import Export Code Registration and Renewal, Private Limited Company Registration, LLP Registration, and Udyam / MSME / Udyog Aadhar Registration in India.
Abhi Filings understands the complex and time-consuming process involved in obtaining licenses and clearances from government-controlled departments. Therefore, their client-friendly agents work closely with these departments to simplify the process and save clients from the hassles of procuring licenses and clearances. Their services are known for their precision, cost-effectiveness, and reliability, catering to businesses of all sizes and individual customers.
With the help of seasoned professional consultants, Abhi Filings offers quality solutions at reasonable prices. If you need a dependable consultant to handle your business license registration needs, contact Abhi Filings for affordable and high-quality services.
Contact Abhi Filings
Call: 8553512415
Website – http://www.abhifilings.com
Legal Docs
LegalDocs is a rapidly growing online portal for legal documents in India, offering a wide range of services such as Company Registration, PAN, TAN Registration, Udyam MSME, Food License, Trademark Services, Trade License, IEC Code, GST Registration, GST Filing, Accounting, and Legal Consultancy Services.
Using the infrastructure of India Stack, LegalDocs provides a secure and convenient experience for citizens of India to create and validate legal documents without having to leave their homes. LegalDocs aims to simplify the complex process of obtaining legal documents with their technology and legal expertise, making validation and verification possible remotely.
LegalDocs is revolutionizing the legal sector in India by bringing it into the digital age and moving towards a Digital India.
Contact Legal Docs
Office: 307-308 , Building No 3, Sector 3, Millenium Business Park (MBP) Mahape 400710
Call: 9022119922
Website – https://legaldocs.co.in
License Registration
License Registration is a legal consultancy firm that has been operating since 2002, providing personalized and efficient services to its clients. They specialize in a variety of services including TradeMark Registration, ISO Certification, SSI Registration, Company Formation, FSSAI, MSME, Special Marriage, Drug License, IEC Code, NGO, Trust / Society, AGMARK, ESI and EPF, EPF, and BAR CODE consultancy services in India. Their expertise and professionalism are recognized by clients who receive expert advice and quick returns within a stipulated time frame. Whether you are looking for a lawyer to save you from legal consequences or seeking guidance on legal matters, License Registration is here to assist you.
Contact License Registration
Office: S-557, 3rd Floor, Heera Complex, Office No.8, School Block, Shakarpur, Delhi-110092
Call: 8588952500, 9911434920
Website: https://www.licenceregistration.com
MAS Services
In India, MAS Services provides consultancy services for FSSAI food license, FSSAI license renewal, barcode registration, and IEC import/export code registration. With more than 20 years of experience as a food industry consultant, MAS Services prioritizes client satisfaction and provides the most up-to-date information to help clients obtain their licenses quickly and easily.
MAS Services’ experienced professionals assist new clients by understanding their business needs, determining which license they require, and helping them gather the necessary documents for filing their FSSAI license. They keep clients updated throughout the registration process until they are satisfied with the results. The services offered are of professional quality and are reasonably priced.
Contact MAS Services
Office: C-8/67 Lawrence Road Keshav Puram Delhi
Call: 9810957767
Website: http://www.fssaionline.in
How to Find the Right IEC Consultant?
- Don’t fall into Free Consultation Trap. Don’t trust blindly. Read Business Reviews. Seek References.
- Find out if they have an office. Visit their office, meet in person, check credentials before making a decision. Make sure, their business is legitimate!
- Find out if the consultancy business is registered company. If not registered, walk away, period.
- Avoid, random, work from home, smooth talking, self proclaimed honest story weaver consultants selling licenses for lowest prices!