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Import Export Code
Import Export Code
IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade , Ministry of Commerce, Government of India to Indian Companies. An Importer Exporter Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC. An IEC allotted to an applicant shall have permanent validity but it is mandatory to update the IEC annually so that the IEC is not deactivated.
Only one IEC would be issued against a single PAN number.
- An IEC number allotted to an applicant shall be valid for all its branches/divisions/units/factories as indicated in the format of IEC given.
- If an IEC holder does not wish to operate the allotted IEC number, he may surrender the same by informing the issuing authority.
- An individual or a company who wants to do international business can get an IEC.
- IEC shall be not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.
- IEC registration is permanent registration which is valid for life time
IEC code has huge benefit for importers as well as exporters. The registered business entities would be able to avail benefits in form of subsidies or otherwise declared by the Customs, Export Promotion Council or other authorities. After filing LUT under GST, the exporters can make exports without payment of taxes. In case the exports are made with payment of taxes, the exporter is able to claim refunds of the amount paid as tax.
Unlike other tax registrations, the importer or exporter does not require to fulfil any specific compliance requirement such as Annual Filings or return filings. The code possesses no need of compliance after registration.
Documents Required for Shop Act Registrations
- PAN Card
- Aadhar Card
- GST Certificate (If Have)
- Cancel Cheque
- Name of Firm & Nature of Work
- Mobile No. & E-mail Id
Time duration
It can take up to 1-2 working days in order to Import Export Code (IEC).
Cost involved
Get Import Export Code (IEC) On 1499/- Only (0 to 5 Employee)
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