An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted
What is the fees for IEC code?
As per the latest notification, IEC code Application fees is Rs 500/- which can be paid online through e-wallets/Net Banking/Credit or Debit Cards. Therefore the Government Fees or Official fees to get IEC Code in India is Rs. 500.
What is the benefits of IEC code?
It helps in the expansion of your business to a global level. Fulfills the legal obligation of Import-Export Business. Import-Export Code Registration is available online. Any business entity can use Impor- Export Code Registration for a lifetime.
What is the validity of IEC?
The Import Export Code is a ten-digit number that is issued by the Director-General of Foreign Trade, Ministry of Commerce. Once the IEC application is submitted, it is granted for a lifetime. Thus, unlike most licenses, the IEC number does not expire and there is no need for renewal.
Is GST required for IEC?
Import Export Code after GST is required by a person for exporting or importing goods. As of now, PAN has a direct link with IEC as it is a PAN-based 10 digit code. It is issued by the Directorate General of Foreign Trade (DGFT), under The Foreign Trade (Development & Regulation) Act, 1992.
Do we need IEC code for import?
IEC is a mandatory unique 10-digit code for import and export from India. It is issued by the Director General of Foreign Trade (DGFT) and is valid for the lifetime of the entity. An identifier is a code that denotes what the IEC is. In this case, the IEC would be the same as the PAN of the firm.
Who is exempted from IEC?
Persons are importing or exporting goods for personal use unrelated to trade, manufacturing, or agriculture. Persons importing or exporting goods from or to Nepal, Myanmar through Indo-Myanmar border areas and China, provided the CIF value of a single consignment does not exceed Rs. 25000.
Documents required for IEC (Import Export Code) Registration
Individual’s or Firm’s or Company’s copy of PAN Card.
Individual’s voter id or Aadhar card or passport copy.
Individual’s or company’s or firm’s cancel cheque copies of current bank accounts. (Confirm that on cheque book your company/LLP/Firm name should be printed other wise your required to get certificate from Bank)
Copy of Rent Agreement + Latest Utility Bill (Electricity Bill) Copy of the premise.
A self-addressed envelope for delivery of IEC certificate by registered post.
IEC (Import Export Code) require the filing of any return ?
IEC (Import Export Code) does not require the filing of any returns. Once allotted, there isn’t any requirement to follow any sort of process for sustaining its validity. Even for export transactions, there isn’t any requirement for filing any returns with DGFT.
View and Register Digital Signature Token
You need to register your Digital Signature Certificate (DSC) before using the same in system. DSC should be of Class II or III only issued by CCA approved certifying agencies in India. Please refer http://www.cca.gov.in for the list of licensed DSC providers. User must have a valid DSC, that is, the validity period of DSC should not be expired.
To use digital signature, you need to have the following pre-requisites:
Install drivers from USB Token – Install the drivers available in your digital signature token drive so that your machine can read the token.
Install drivers from USB Token – Install the drivers available in your digital signature token drive so that your machine can read the token.
Still Need Help ?
Chat with our support team or, leave an offline message. We’ll get back to you as soon as we can.