Importer Exporter Code (IEC Code) Registration
Importer Exporter Code (IEC Code) Registration
International
trade is a gateway to a world of opportunities for businesses in India. Whether
you're looking to import goods, export products, or expand your business
globally, having an Importer Exporter Code (IEC) is your key to entering the
international market. This code is issued by the Directorate General of Foreign
Trade (DGFT), under the Ministry of Commerce. For importers, the IEC is
indispensable for the clearance of customs and facilitating payments to foreign
banks, ensuring smooth international trade transactions. Similarly, exporters
rely on the IEC to streamline the process of sending shipments and receiving
payments from overseas clients.
JKITR is here
to simplify the process for you. Our comprehensive IEC registration services
make it easier than ever to obtain the essential IEC certificate, ensuring that
you're well-prepared to explore the global trade landscape.
Make your
application through JKITR!
Import Export
Code (IE Code)
Import & Export
Code is to be obtained by the business entity for import into or export from
India. Import & Export Code is popularly known as the IEC number. Import
& Export Code is a ten-digit unique number issued by the Directorate
General of Foreign Trade (DGFT).
IEC
registration certificate is mandatory for a business involved in import and
export. Hence, before initiating an import of goods into India, an importer
must ensure that the importing entity has GST
registration and IE code – both of which are required to clear
customs.
If
an importer does not have both IE code and GST Registration, the goods will be
stuck at the port and start incurring demurrage charges or could be destroyed.
CONTACT FOR MAKING AN ONLINE APPLICATION FOR IE CODE (JKITR)
6006751817/ 6006751812/ 6006751813/ 6006751816/ 9596194306/ 6006751819
Importance of Import Export Code
Importance of Import Export Code
Businesses have
a great option to enter the international market with the export
and import of the products and the services they are involved in. The
IE code is an essential requirement while entering the global market as it
supports the growth and development of the business to a certain extent. There
are various advantages of getting an Import Export Code. Here we have listed a
few of them:
- International market unlocks: As the IE Code is a
requirement for the import and export business, they allow the products to
reach the global market. IE code makes the entry of the international
Indian company smoother and opens doors for growth and expansion.
- Online registration: The process to find the IE
Code is entirely online and hassle-free with short document
submission.
- Less document requirement: It is not required to
submit many documents to obtain an IEC.
- Lifetime Validity: IE Code is a lifetime
registration valid as long as the business exists. Hence, there are no
issues with updating, filing, and renewing Import Export Code
registration. The IE registration is valid until the company exists or the
registration is not revoked or surrendered.
- Reduces illegal goods
transportation: The
most basic requirement for the Import-Export code is that you
need to provide authentic information. Without giving proper information,
IE code cannot be obtained. This criterion makes the transportation of
illegal goods impossible.
- Availing Several Benefits: IE code has enormous
benefits for importers and exporters. The registered business entities can
get help through subsidies from the Customs, Export Promotion Council or
other authorities. With LUT filing under GST, the exporters can make
exports without paying taxes. If the exports are made with tax payment,
the exporter can claim the refunds of the paid tax amount.
- Compliances: Unlike other tax
registration, the person carrying import or export does not require to
fulfill any specific compliance requirements such as the annual filing or
the return filings.
CONTACT FOR MAKING AN ONLINE APPLICATION FOR IE CODE (JKITR)
6006751817/ 6006751812/ 6006751813/ 6006751816/ 9596194306/ 6006751819
Validity of IE Code
Validity of IE Code
As mentioned
above, IE Code registration is permanent and valid for a lifetime. Hence, there
will be no hassles with updating, filing, and renewing the IEC registration. It
is valid till the business exists or the registration is not revoked or
surrendered. Further, unlike tax registrations like GST registration or PF
registration, the importer or exporter does not require to file any filings or
follow any other compliance requirements like annual filing.
As IE code
registration is one-time and requires no additional compliance, it is
recommended for all exporters & importers to obtain IE code after
incorporation.
Nature of
the Firm obtaining an IEC
The nature of
the Firm obtaining an IEC may be any of the follows:- Limited Liability Partnership
- Hindu Undivided Family (HUF)
CONTACT FOR MAKING AN ONLINE APPLICATION FOR IE CODE (JKITR)
6006751817/ 6006751812/ 6006751813/ 6006751816/ 9596194306/ 6006751819
Nature of the Firm obtaining an IEC
Nature of the Firm obtaining an IEC
Nature of
the Firm obtaining an IEC
The nature of
the Firm obtaining an IEC may be any of the follows:
- Limited Liability Partnership
- Hindu Undivided Family (HUF)
Documents required for IEC Code registration and Pre Requisites
Documents required for IEC Code registration and Pre Requisites
Pre-Requisites for Applying for IEC
- Valid Login Credentials
to DGFT Portal (After Registering on DGFT Portal)
- IEC may be applied on
behalf of a firm which may be a Proprietorship, Partnership, LLP, Limited
Company, Trust, HUF, and Society.
- The Firm must have an
active Firm’s Permanent Account Number (PAN) and details like Name as per
Pan, Date of Birth, or Incorporation.
- The Firm must also have
a bank account in the Name of the Firm and a valid address before
applying.
Note: These
details will be validated with the Income Tax Department site.
Documents required
for IEC Code registration
The list of scanned
documents required for IEC Registration is listed as follows:
- Proof of
establishment/incorporation/registration: The following type of Firm needs
to submit the establishment/incorporation/registration certificate:
- Partnership
- Registered Society
- Trust
- HUF
- Other
- Proof of Address: Proof
of Address can be any one of the following documents:
- Sale Deed
- Rent agreement
- Lease deed
- Electricity bill
- Telephone landline bill
- Mobile, post-paid bill
- MoU
- Partnership deed
- Other acceptable
documents (for proprietorship only):
- Aadhar card
- Passport
- Voter id
Note: In
case the address proof is not in the Name of the applicant firm, a no objection
certificate (NOC) by the firm premises owner in favor of the Firm, along with
the address proof, is to be submitted as a single PDF document.
- Proof of Firm’s Bank
Account
- Canceled Cheque
- Bank Certificate
- User should have an
active DSC or Aadhaar of the Firm’s member for submission.
- Active Firm’s Bank
accounts for entering its details in the Application and making online
payment of the application fee.
IEC Application with JKITR
IEC Application with JKITR
IEC Application with JKITR
JKITR can assist you
in obtaining an Importer Exporter Code (IEC) in India. Here's how we can help:
- Information
and Guidance: JKITR
can provide you with detailed information about the IEC application
process, including the eligibility criteria and the documents required.
- Application
Preparation: We
can assist in preparing the necessary documentation, including the
application form and supporting documents.
- Application
Submission: JKITR
can submit your IEC application to the Directorate General of Foreign
Trade (DGFT) on your behalf, ensuring that it is done correctly and
promptly.
- Follow-up
and Tracking: We
can track the progress of your application and follow up with the
authorities, helping you navigate any potential roadblocks or delays.
- IEC
Certificate Delivery: Once
your IEC is approved, JKITR can help you obtain and deliver your IEC
certificate to you.
- Expert
Consultation: If
you have any queries or concerns regarding IEC or international trade, JKITR'
experts can provide you with professional guidance.
Using JKITR for your
IEC application can save you time and ensure that the process is handled
efficiently and accurately, allowing you to focus on your import and export
activities.
CONTACT FOR MAKING AN ONLINE APPLICATION FOR IE CODE (JKITR)
6006751817/ 6006751812/ 6006751813/ 6006751816/ 9596194306/ 6006751819
FEE FOR IE CODE
FEE FOR IE CODE
CONTACT FOR MAKING AN ONLINE APPLICATION FOR IE CODE (JKITR)
6006751817/ 6006751812/ 6006751813/ 6006751816/ 9596194306/ 6006751819
FEE SCHEDULE
GOVT FEE FOR IE CODE | RS. 500.00 |
UDYAM REGISTRATION IF NOT DONE | RS. 500.00 |
GST REGISTRATION IF NOT DONE | RS. 1500 TO RS. 2000.00 |
PROFESSIONAL APPLICATION FEE FOR I E CODE | RS. 1500.00 |
GOVT. PORTAL FOR MAKING ONLINE APPLICATION
GOVT. PORTAL FOR MAKING ONLINE APPLICATION
CONTACT FOR MAKING AN ONLINE APPLICATION FOR IE CODE (JKITR)
6006751817/ 6006751812/ 6006751813/ 6006751816/ 9596194306/ 6006751819
What is IE Code?
An Importer -Exporter Code (IEC) is crucial business identification number which mandatory for export from India or Import to India. Unless specifically exempted, any person shall make no export or import without obtaining an IEC.
What is the importance of IE Code?
All importers must mention their IE Code while clearing customs when their goods arrive in India. All exporters must mention their IE Code while exporting their goods from India. Additionally, RBI now requests persons importing or exporting services mention IE Code in foreign remittances in a bank account. Therefore, IE Code is required for anyone involved in import or export in India.
Is there a tax levied based on IE Code?
No. IE Code is not a tax registration. So no tax is levied based on IE Code during import or export of goods or services. However, customs duty may be levied.
Who must obtain IE code registration?
Any person who proposes to import or export goods and services from or to India must obtain IE Code.
Can individuals obtain IE Code?
Yes, individuals acting as Proprietors of a business can obtain IE Code Registration.
What documents are required to obtain IE Code registration?
To obtain IE Code registration, a copy of the PAN Card, proof of address of the business, and constitution of the business [Partnership deed, Incorporation Certificate, etc.] and a letter from the banker are required.
How long does it take to obtain IE Code registration?
IE Code Registration can be obtained from the DGFT in 10-15 working days after submission of all required documents and applications.
What is the penalty for not having an IE Code?
IE Code is not a mandatory registration, only importers and exporters of goods or services must have IE Code. Therefore, there is no penalty for not having IE Code; however, import/export will not be possible without an IE Code.
Do I have to file any returns for IE Code?
No. Returns need NOT be filed for IE Code.
How long is the IE code valid for?
IE Code is valid for the lifetime of the entity and renewal is also not necessary.
Is there a need to obtain an IEC code to import or export goods for personal use?
IEC code is not required to import or export goods for personal use. The Import Export Code is mandatory only for commercial purposes and business. One can import or export goods for personal use without any registration requirement.
How is the registration number allotted for the IEC number?
Previously, the IEC department would issue a different number for the IEC code. Recently the Ministry initiated revisions due to which the PAN of an applicant will be the registration number of IEC. Hence the PAN and IEC numbers will be the same. The Ministry will register the applicant under IEC and issue the approval letter immediately, notifying PAN as their IEC number.
Whether Is IEC required if you have GST?
Every person who imports or exports has to get IEC registration. Registering a PAN with the DGFT department is mandatory if the business involves imports or exports, even if you have registered under GST.
Can Export/Import be made without Import Export Code?
No. IEC forms a primary document for recognition by Government of India as an Exporter/ Importer.
How can I modify my IEC application?
An application for IEC can be modified any number of times till it is submitted for processing. You must log in with the exact details like PAN, mobile, and email.
What are the benefits of IEC?
Based on IEC, companies can obtain various benefits on their exports/ imports from DGFT, Customs, Export Promotion Council, etc.