Import Export (IEC) Registration

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Introduction

Import Export Code (IEC) Registration is a process essential for every importer and exporter merchants for carrying on the business of import and export of goods or services. It is a ten digit code issued on PAN basis which is required for carrying Import Export business.

All exporters must mention their IE Code while exporting their goods from India. All importers must mention their IE Code while clearing customs when their goods arrive in India. Also, now RBI requests the entities importing or exporting services to also mention IE Code in foreign remittances in bank accounts. Therefore, IE Code is required for anyone involved in import or export in India.

Firmregistration ensures you the high level of satisfaction and timely delivery of Import Export Code and better dealing with the requirement of government through its expert professionals. You may get in touch with our team on call or email info@firmregistration.in for IEC Registration.

More Insights on Import Export Code

Exemption from IEC Registration

An Import Export Code is required for import or Export of any type of goods by a business. However, the following category of persons are exempted from obtaining an IE Code:

Importer and export by central Government or agencies or undertakings for defense purpose or other specified lists under Foreign Trade (exemption from the application of Rules in certain cases) Order, 1993.

Import or Export of Goods for personal use.

Validity

Import Export Code is valid for the life-time of entity and does not require renewal.

When IE code needed

IE code is needed by the custom authorities to clear the shipments in the case of any imports.
When the exporter is supposed to receive money in foreign currency and it is transferred directly into his bank account.
Also, it is needed by the bank to transfer the amount in the case of any exports/imports made.
In case exporter needs to send the shipments, then it is required.
Penalty
Import Export Code registration is not mandatory, only persons who do import and export of goods or services must have Import Export Code. Therefore, there is no penalty for not having the Code; however, import / export will not be possible if you don’t have Import Export code.

Minimum

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Documents Required for Import Export Code

Sole proprietorship or Individual

As a proof of Identity:

Aadhaar card/Passport of Individual
PAN card of Individual

Details of Bank account:

Bank Certificate as per ANF 2A(I) or a canceled cheque

Proof of Principal place of business:

Own office: Sale deed, copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata
Rented or leased office: Electricity bill or Rent/leased agreement and NOC (No objection certificate) from the owner.

Partnership firm

As a proof of Identity:

Copy of Aadhaar card/ passport of all the partners
Copy of PAN card of firm
Copy of PAN Card of all partners

Proof of Constitution of Business:

Certificate of Registration/Partnership Deed

Details of Bank account:

Bank Certificate as per ANF 2A(I) or a canceled cheque

Proof of Principal place of business:

Own office: Sale deed, copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata
Rented or leased office: Electricity bill or Rent/leased agreement and NOC (No objection certificate) from the owner.

Limited Liability Partnership

As a proof of Identity:

Copy of Aadhaar card/ passport of all the designated partners
Copy of PAN card of Entity
Copy of PAN Card of all designated partners

Proof of Constitution of Business:

Certificate of Incorporation

Details of Bank account:

Bank Certificate as per ANF 2A(I) or a canceled cheque

Proof of Principal place of business:

Own office: Sale deed, copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata
Rented or leased office: Electricity bill or Rent/leased agreement and NOC (No objection certificate) from the owner.

Companies

As a proof of Identity:

Copy of Aadhaar card/ passport of all directors
Copy of PAN card of Entity
Copy of PAN Card of all directors

Proof of Constitution of Business:

Certificate of Incorporation

Details of Bank account:

Bank Certificate as per ANF 2A(I) or a canceled cheque

Proof of Principal place of business:

Own office: Sale deed, copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata
Rented or leased office: Electricity bill or Rent/leased agreement and NOC (No objection certificate) from the owner.

Documents

Firm Registration

Process of Import Export (IEC) Registration

Step 1

Fill the basic questionnaire provided by our team and fill the details.

Step 4

After receiving the OPT we proceed further and apply for your Import export code registration with DGFT.

Step 2

Submit all the documents mentioned herein above to us

Step 5

We will pay the Government registration Fee of IE code Registration.

Step 3

You will receive an OTP on your Mobile no. and Email.

Step 6

Once the application gets approved we will provide you the IE code license on your email id.

Faq's

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FAQs on Import Export Registration

How long does it takes to obtain IEC code?

Import Export Code Registration obtained from the DGFT in 1-2 working days after submission of all required documents and application.

I have sole proprietorship, can I take IEC registration?

Yes you can, IEC registration only requires to have a business of Export or Import no matter if you are having a company, a firm or even sole proprietorship. Individuals acting as Proprietors of a business can obtain IE Code Registration.

If there is any Return I have to file?

No, there is no requirement of filling any return for Import Export Code.

Can I get more than one IE code registration?

No only 1 IEC can be issued to a person or entity. So if more than one IEC code is issued, then the same should be surrendered for cancellation.

Can I surrender my IE code registration?

Yes you can surrender the registration you just need to inform the issuing authority about such decision. And they shall immediately cancel your IEC number after checking all the records.

Can I modify my IE code?

If you want to modify any details in IEC license, then you can do it online in your IEC application. IEC modification requires to resubmit the application with the DGFT once again with all the required documents. We also need to pay the IEC Modification fee with the department.

info@firmregistration.in

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