Import Export Code Registration
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Import Export Code – An Overview
IEC is a mandatory prerequisite to starting a business of import or export in India, it is obtained from director general of foreign trade (DGFT). The IEC is a pan based registration and hence against one pan only one IE Code can be obtained. In fact new IE codes issued are applicant’s 10 digit PAN only.
No other authorisation, license or permission is required for import export business of most of the commodities. However in order to regulate the trade of some specific commodities, central government may restrict or prohibit the import or export of such commodities. If one wish to import/ export any such restricted or prohibited goods, an application for license or permission to import/export can be made to the DGFT explaining the reasons for such import/export.
Basic Requirements For An Import Export Code!
Class-2 Digital signature
All IEC registration applications are submitted by using digital signatures certificate (DSC)as physical signing of application has been done away with. Incase you already have a valid class-2 DSC, it can also be used to file the application. relevant cost of the same will be reduced from the fee quoted above.
In case you have recently registered a company and yet to open a bank account, you need to wait for your bank account before apllying for IEC as canceled cheque of the company/ entity applying for IEC is a mandatory requirement for obtaining IEC. Name of the company/ entity must be clearly visible on the cheque leaf.
Stepwise Proceedure For Import Export Code Registration!
Applying and Obtaining Class-2 DSC.
Making profile on DGFT website.
Filing the application form and uploading all documents.
Payment of government fee.
Submition of application
We get approval and IEC is ready with registration certificate.
Documents Required For Import Export Code Registration!
(Scanned Copies Will Do)
FOR AUTHORISED SIGNATORY
Note: Formats required, if any, will be shared once above documents are received.
Frequently Asked Questions (FAQ’s)
- Limited liability partnership
- Private limited company,
- Public limited company.
- If making import or export of goods.
- If an exporter of goods/ services is eligible for export benefits from DGFT or EPC, it can claim the benefit only if it had IEC at the time of making such exports.
Generally IEC is not mandatory for a service provider if he is not providing prohibited/ restricted services.
But in order to claim export benefits from DGFT or EPC, one need to have IEC at time of making export.
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