Import Export Code License
IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has a lifetime validity. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.
Before you start import/export , obtaining an IEC (Import Export Code) is a pre-requisite. This is a unique 10-digit number that will help you in establishing your identity in front of the Authorities. An IEC is necessary for import/export of goods. It is also, required if you are providing services outside India. Team Taxaj will help you obtain your IEC without a hassle.
Planning to get global? Well get in touch with us so we can prepare you to trade internationally.
It usually takes 2 working days.
- Advisory on registration requirement
- Preparation of application form
- Obtaining Import Export Code
- Documented Follow-up
- Business hours -CA support
- Every exporter or importer of goods
- Service provider serving clients abroad. Also, applicable if you are importing a service depending upon if you are covered under reverse charge mechanism or not.
- Purchase of Plan
- Upload documents on vault
- Filing of application
- Receipt of Import Export Licence
Name, Contact Number and Email Id of Stakeholder.
Self Attested PAN, Aadhar & Passport size photo of Stakeholder.
Specimen Signatures of Stakeholder.
Latest Electricity Bill/Landline Bill of Registered Office.
PAN, TAN, COI of the Business Entity
Cancelled Cheque in business name
Watch this video to expand your business globally!
What is Import Export Code?
In this age of cut-throat competition, everyone wants to grow their business beyond the limits of the domestic market. Doing business globally is more easy now-a-days due to the advent of internet and technology. However, before going business globally, you need to follow several procedures and laws and get various registration and license. IEC (Import Export Code) license is one of such prerequisites when you’re thinking of importing into or exporting from India. It is also known as Importer- Exporter Code.
IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code that has lifetime validity. Predominantly importer merchants cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc., without IEC.
Situations where IEC is required
Situations where IEC is required
- When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
- When an importer sends money abroad through banks then it’s needed by the bank.
- When an exporter has to send his shipments then it’s needed by the customs port.
- When an exporter receives money in foreign currency directly into his bank account then it’s required by the bank.
Steps Involved in IEC (Import/Export Code) Registration
Steps Involved in IEC (Import/Export Code) Registration
- Visit the DGFT website.
- Click on the ‘Services’ tab on the homepage.
- Select the ‘IEC Profile Management’ option from the drop-down list.
- A new page will open. Click on the ‘Apply for IEC’ option on the page.
- Click on the ‘Register’ option. Enter the required details and click on the ‘Sent OTP’ button.
- Enter the OTP and click on the ‘Register’ button.
- Upon successful validation of the OTP, you will receive a notification containing the temporary password which you can change after logging into the DGFT website.
- After registering on the DGFT website, login to the website by entering the user name and password.
- Click on the ‘Apply for IEC’ option on the DGFT website dashboard.
- Click on the ‘Start Fresh Application’ button.
- Enter the general information, details of proprietor/partner/director/Karta/managing trustee, bank information, other details, attach Digital Signature Certificate (DSC) and make the payment.
- After successful payment, it will be redirected to the DGFT website. The receipt will be displayed. Download the receipt for future reference.
- The IEC Certificate will be sent in the email. It can be downloaded after logging in to the DGFT website and clicking the ‘Print IEC’ option under the ‘IEC Profile Management'.
- What is IEC?
Import Export Code Number is unique 10 digit code number issued by Government of India. If a person is interested in making imports & exports, then it is mandatory for him to apply for Import Export Code Number (IEC).
- What is the need/use of IEC?
IEC forms the primary document for recognition by Government of India as an Exporter/Importer. On the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, Customs, Export Promotion Council etc.
- Can Export /Import be made without Importer Exporter Code ?
No. IEC forms a primary document for recognition by Govt. of India as Exporter / Importer. However, if value of goods is very low, the concerned customs officer may permit first export (only one time) by imposing penal charges.
- Do i need Digital Signature?
Digital signature is used to validate online document submission. From 1st April, 2016, it is mandatory to validate the form and other documents using a digital signature. Click here to obtain your class II digital signature with 2 years validity.
- How much time is required to take IEC ?
Normal time to register an Importer / Exporter Code in India is 10 working days time.
- Which are the specific cities where the service will be delivered?
The service is state specific in case you need a shop license and will be rendered only in specific cities being Mumbai, Gurgaon, Hyderabad, Kolkata, Jaipur, Surat, Bangalore, Chandigarh, Pune and Delhi.
