Import Export Code

Import Export Code (IEC Code) - Your Gateway to Global Trade

The Import Export Code (IEC) is a 10-digit code essential for Indian businesses in import and export activities. Issued by the DGFT, it serves as a unique identifier for international trade and is a permanent asset without filing or renewal. Importers rely on IEC for customs clearance, while exporters rely on it for shipping consignments and payments.

Benefits of IEC Code

Global Market Entry

Online IEC registration allows traders to enter international markets.

Access to Government Schemes

Government schemes like MEIS and SEIS benefit businesses by enhancing customs and export promotion.

Simplified Compliance

Acquiring IEC code simplifies compliance and maintenance for businesses.

Streamlined Process

IEC Code online acquisition is simple, requires minimal documentation.

Validity of Import Export Code

IEC certificate offers lifetime validity, eliminating renewals and updates for seamless import/export transactions.

Nature of the Firm Obtaining an IEC Code

IEC certificates are mandatory for all import-export transactions, including individuals, companies, partnership firms, and LLPs, and are essential for future businesses involved in import-export activities.

Prerequisites for Applying for an IEC Code

A valid Permanent Account Number (PAN) card issued by the Income Tax Department of India.
A bank account in the name of the firm or individual, as the IEC certificate is issued in the applicant's name.
Registration of the business entity under the Registrar of Companies (ROC).
Submission of relevant documents, including identity proof, address proof, and business entity details, to the DGFT office.

Register for Import Export Code

Visit the official Directorate General of Foreign Trade (DGFT) website.
If you're a new user, register by providing basic details like name, email address, and phone number.
Log in using your registered credentials.
Access the 'Online IEC Application' form on the DGFT homepage.
Complete applicant details, including name, address, PAN, bank account, and contact information.
Complete the payment of the IEC application fee using online banking methods.
After submitting the application form, track your application status online. Once approved, you'll receive the IEC certificate via your registered email.

Documents Required for Import Export Code (IEC) Registration

PAN card of the company (not applicable in the case of sole proprietorships).
Applicant’s PAN and Aadhaar card (or other identification documents).
Incorporation certificate/partnership deed.
Address proof (electricity bill/rent agreement/Sale Deed of the office location).
Copy of a cancelled cheque leaf or banker certificate of the current account in the company's name.

Eligibility to Get IEC Code

The IEC code is mandatory for importers and exporters of all sizes, including sole proprietorships, partnerships, private limited companies, and charitable organizations, and should be obtained in advance.

Exemption of Import Export Code

Individuals, institutions, hospitals importing/exporting goods for personal use unrelated to trade, manufacture, or agriculture.

Imports/exports from/to Nepal or Myanmar within specified value limits.

Exports listed in Appendix-3, Schedule 2 of ITC.

Ministries/departments of central and state governments.

S.No

Code Number

Categories of Importers / Exporters

1

0100000011

All Ministries / Departments of Central Government and agencies wholly or partially owned by them.

2

0100000029

All Ministries / Departments of any State Government and agencies wholly or partially owned by them.

3

0100000037

Diplomatic personnel, Counselor officers in India and officials of UNO and its specialised agencies.

4

0100000045

Indians returning from / going abroad and claiming benefit under Baggage Rules.

5

0100000053

Persons / Institutions / Hospitals importing or exporting goods for personal use, not connected with trade or manufacture or agriculture

6

0100000061

Persons importing/exporting goods from/to Nepal

7

0100000070

Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas

8

0100000088

Ford Foundation

9

0100000096

Importers importing goods for display or use in fairs/exhibitions or similar events under provisions of ATA Carnet. This IEC number can also be used by importers importing for exhibitions/fairs as per Para 2.29 of HBPv1.

10

0100000100

Director, National Blood Group Reference Laboratory, Bombay or their authorised offices.

11

0100000126

Individuals / Charitable Institution / Registered NGOs importing goods, which have been exempted from Customs duty under Notification issued by Ministry of Finance for bonafide use by victims affected by natural calamity.

12

0100000134

Persons importing/exporting permissible goods as notified from time to time, from/to China through Gunji, Namgaya Shipkila and Nathula ports, subject to value ceilings of single consignment as given in Para 2.8(iv) above.

13

0100000169

Non-commercial imports and exports by entities who have been authorised by the Reserve Bank of India (RBI).

Why Choose Fincto?

Fincto.io offers reliable IEC registration assistance, streamlining the application process for smooth import and export operations. Our team of experts ensures successful IEC code application and legal sound global trade endeavors

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