Import Export Code (IEC) registration is one such prerequisite when you are thinking of taking your business globally. It is 10- digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. IEC has the validity of a lifetime. Importers are not allowed to proceed without his code and exporters can’t take benefit of exports from DGFT, Customs, Export Promotion Council, if they don’t have this code. This code must be quoted at the time of the clearing of customs.
IEC is known by many names such as import-export license, IEC license, IE license, import-export number, etc. An IEC number issued to applicant shall be valid for all its units/divisions/branches and there is no need of renewal of the same. .
There is no need of filing any returns, unlike other registrations.
The license has lifetime validity. That means once obtained, there is no need to renew it in the future.
The registration process is quite simple, and there is no need for providing any proof of export for the IEC license.
Getting this license will dramatically contribute to the growth of your company, as now you will be able to sell your products internationally.
After getting the knowledge of your business type our expert will prepare application in the Aayat Niryat Form 2A for obtaining an IEC license and submit the application along with the necessary documents to the Director General of Foreign Trade (DGFT).
After due verification of application along with the required documents DGFT will issue the IEC Code for your business.
You will receive your IEC in 5 to 7 working days subject to government approvals.
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No, there is no tax levied on IEC but Custom duty may be applicable since it depends on the category of the product imported or exported. Contact us Now.
Generally, it takes 5-10 days after submitting all the required documents with the DGFT. It is not necessary to show proof of any import or export to obtain Import Export Code.
IEC modification can be done online in your IEC application by resubmitting the application to the DGFT once again with all the essential documents. The IEC modification fee is also required to be paid.
No, there is no such requirement since it is only a license that permits the import and export of goods.
If you have taken the IEC license in the new process e-IEC online, then you can download your certificate any time by login into the IEC portal with your details. But if you had taken your IEC in the physical process, then you have to re-apply for e-IEC with all the documents, and DGFT will provide you a new certificate in the online format.