Background Image

IEC Registration

Boost Your Business with IEC Registration! @ Unlock Global Opportunities Today with RegisterKaro's Expert Services.

rightArrow
Consultation with Expert
rightArrow
Procure documents
rightArrow
Preparation of Application
rightArrow
Filing of application with the statutory authorities
googleIcon
Google Customer Rating
4.9 google review star

  • Submit your Details to get an Instant All-inclusive Quote to your email and a FREE Expert consultation

Online IEC Registration in India

Nowadays, doing business worldwide is so easy because of advanced technology and the internet. However, before starting any business worldwide, you must follow several procedures & laws and get different Registrations and Licenses. IEC or Import Export Code is one of such requirements when you are thinking of importing/exporting from India and it is also known as Importer Exporter Code. IEC is a 10-digit unique identification number that is compulsory for import to India or export from India. Unless specifically exempted, any individual shall make no import/export without getting IEC Registration. Hence, IEC Registration Certificate is compulsory for any business involved in the export & import of goods. Therefore, before starting an import of products into India, an importer makes sure that the importing company has GST Registration and IEC Registration Certificates both, of which are required to clear customs.

IEC Registration Certificate [Sample]

Online IEC Registration in India

When is Import Export Code Required?

Minimum 2 directors

IEC is required by the bank to transfer the amount in the case of any imports made;

Unique business name

IEC is required by the customs authorities to clear all the shipments in the case of any imports;

At least one director should be the resident of India

VISA is also vital if an exporter needs to send shipments;

At least one director should be the resident of India

If the exporter is expected to receive funds in foreign currency & they are transferred instantly to his/her bank account.

Benefits of IEC Registration in India

The following are the benefits of IEC Registration:

Lifetime Validity : There is no need to renew the IEC Code; it will be valid till the existence of the entity. After the winding up of the Company, this IEC Code expires.

Reduces illegal or unlawful goods transportation : One of the basic requirements for the IEC Code is that you need to submit authentic details. Without giving proper details, IEC cannot be obtained. This criterion makes the transportation of illegal products impossible.

No Compliance : After IEC Registration, there are no compliance requirements & hence maintaining the business is relatively simple.

Business Growth : This code is mandatory to avail of growth opportunities through export or import.

Easy Processing : It is very easy to get the IEC Code from the DGFT within 10 – 15 days after submitting the application.

Benefits of IEC Registration in India

What is the eligibility to get the Import Export Code in India?

What is the eligibility to get the Import Export Code in India?

Any type of business such as Private Limited Companies, Partnership, Sole Proprietorship, or charitable organisations dealing with Imports and Exports in India can apply for IEC Registration, irrespective of the business size. However, IEC Number is not needed for import or export of products for personal use, which aren’t connected with manufacture, agriculture, or trade and there is no need for business set up.

Prerequisites for applying IEC Code in India

To apply for IEC Registration online, the following prerequisites are required:

A valid PAN Card issued by the Income Tax Department of India is compulsory;

The applicant must have a bank account in the firm’s name or individual, as IEC Certificate is issued in the applicant’s name;

The business entity must be registered under the ROCs;

The applicant needs to submit the vital documents to the DGFT office.

Prerequisites for applying IEC Code in India

Documents Required for IEC Registration

The following are the documents required for IEC Registration in India:

Documents Required for IEC Registration

Copy of PAN Card of an individual, firm, or Company;

Cancel cheque copies of current bank accounts of an individual, firm, or Company;

Copy of rent or lease agreement or electricity bill copy of the premise;

Aadhar Card, Voter id, or passport copy of an individual;

A self-addressed envelope for delivery of IEC Certificate by registered post.

Procedure for IEC Registration Online

Following is the online step-by-step procedure for IEC Registration in India:

  • ulArrowFirst, you need to visit the official website of DGFT for IEC Registration in India.
  • ulArrowThen, you need to register by creating a new account by providing your basic details like name, address, mobile number & email.
  • ulArrowOnce you created your account, then you have to log in by using your registered email id and password.
  • ulArrowAfter that, you need to file the application form online and you need to enter all the vital details and upload all the documents.
  • ulArrowAfter filing, you need to pay the IEC application fee online.
  • ulArrowAfter submitting the application, you can track the application status online. Once the IEC is issued, you will get an IEC Certificate on your registered mail id.
Procedure for IEC Registration Online

When is IEC not Mandatory?

When is IEC not Mandatory?

As per the latest circular by DGFT, the Import Export Code is not compulsory for all traders registered under GST. In all such instances, the Trader’s PAN shall be constructed as a new IEC Code for the purpose of Import & Export. IEC does not need to be taken in case the products exported/imported are for purpose purposes and are not used for any commercial purpose. Import or export is done by the Departments of Indian Government & Ministries and Notified Charitable Institutions to need not require getting IEC.

Exemption of Import Export Code (IEC)

Individuals undertaking Import & Export in India for personal reasons & not associated with trade, manufacture & agriculture;

The individuals or parties who import or export products to or from Nepal & Myanmar with a single consignment must not exceed the value of Rs. 25,000 via Indo-Myanmar border areas & China (through Gunji, Namgaya, Shipkila & Nathula ports);

Departments or Ministries of Central & State Governments;

As listed in Appendix-3, Schedule 2 of ITC, exemption from getting Import Export Code shall not be applicable for export of materials, special chemicals, equipment and technologies (SCOMET).

Exemption of Import Export Code (IEC)

Why RegisterKaro?

250+ Experts

250+ Experts

Google Rating

4.5* Google Rating

Assistance

24/7 Assistance

Quick and Easy Process

Quick and Easy Process

Complete Online Process

Complete Online Process

FAQs

What is IEC registration?

IEC registration is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) in India. It is required for individuals or businesses engaged in import and export activities.

Who needs to obtain an Import Export Code registration?

Any individual or business entity involved in import/export activities in India must obtain an IEC registration, except for those exempted by the government.

How do I apply for Import Export Code registration?

You can apply for Import Export Code registration online through the DGFT website by filling out the prescribed application form and submitting the required documents.

What are the documents required for Import Export Code registration?

The documents typically required for IEC registration include PAN card, Aadhaar card, bank certificate, cancelled cheque, passport-size photographs, and other supporting documents as needed.

How long does it take to obtain an Import Export Code registration?

The processing time for Import Export Code registration is usually 2-3 working days from the submission of the application, assuming all the documents are in order.

Is there any fee for IEC registration?

Yes, a fee is charged for IEC registration. The fee structure may vary based on the type of entity (individual or company) and can be found on the DGFT website.

Can an individual obtain multiple IECs?

No, as per the current regulations, an individual can obtain only one IEC. However, a business entity can have multiple branches or divisions, each with a separate IEC.

Is Import Export Code registration mandatory for the export of services?

No, IEC registration is not required for the export of services. It is primarily needed for the export and import of goods.

What is the validity period of an Import Export Code registration?

The IEC registration does not have an expiration date. Once obtained, it is valid for a lifetime unless cancelled or surrendered.

Can IEC registration be modified or updated?

Yes, certain changes like address, contact details, or addition/removal of partners can be updated by submitting the required documents to the DGFT.

Is there a penalty for non-compliance with IEC regulations?

Yes, failure to comply with IEC regulations may result in penalties, including suspension or cancellation of the IEC registration, and can affect import/export operations.

Can Import Export Code registration be transferred to another person or entity?

No, IEC registration is non-transferable. If there is a change in ownership or the entity undergoes restructuring, a new IEC registration must be obtained.

Can an registration for IEC be cancelled or surrendered?

Yes, an IEC registration can be cancelled or surrendered by submitting an application to the DGFT, along with the required documents.

Can an Import Export Code registration be used for both import and export activities?

Yes, an IEC registration allows an entity to engage in both import and export activities in India.

Is it mandatory to mention the IEC on shipping bills and other import/export documents?

Yes, it is mandatory to mention the IEC on shipping bills, invoices, and other import/export documents as a means of identification.

Can IEC registration be used for the personal import of goods?

No, IEC registration is meant for commercial purposes and cannot be used for personal imports of goods.

Iec Registration in State

Iec Registration in City