Importer Exporter Code (IEC Code) Registration Online

The Importer Exporter Code (IEC) is an indispensable business identification number that is mandatory for both exports from and imports to India. Every entity involved in import or export must obtain an IEC unless exempted. While services exports generally don’t require an IEC, it becomes necessary when availing benefits under the Foreign Trade Policy. Post the introduction of GST, the IEC issued is the same as the PAN of the firm, but it is still separately issued by DGFT based on an application. This article provides a comprehensive overview of the IEC application process.

Import Export Code (IE Code) The Import & Export Code, commonly known as the IEC number, is a ten-digit unique identifier issued by the Directorate General of Foreign Trade (DGFT). It is a prerequisite for businesses engaged in import and export activities. It is essential for importers to ensure that they have both GST registration and IE code before importing goods into India, as customs clearance depends on these credentials.

Why Import Export Code Matters IE code plays a crucial role in facilitating businesses to enter the global market by enabling the import and export of products and services. Obtaining an Import Export Code offers numerous advantages:

  1. Access to International Markets: IE code is essential for expanding into international markets, making it easier for Indian companies to grow globally.
  2. Online Registration: The IE code application process is entirely online, streamlining the process with minimal document submission.
  3. Minimal Documentation: Unlike other registrations, IEC requires fewer documents.
  4. Lifetime Validity: IEC registration is permanent, valid as long as the business exists, with no need for periodic updates or renewals.
  5. Curbing Illegal Trade: IEC mandates providing authentic information, preventing the transportation of illegal goods.
  6. Access to Benefits: Registered entities can avail of subsidies from Customs, Export Promotion Council, and other authorities. It also facilitates tax-free exports and tax refund claims.
  7. Simplified Compliance: Unlike other tax registrations, IEC holders are not burdened with specific compliance requirements such as annual filing.

IE Code Validity IEC registration is permanent and valid for the lifetime of the business. No annual filings or additional compliance are required, making it a hassle-free registration.

Nature of the Firm Obtaining IEC M Aggarwal & Associates can obtain an IEC irrespective of their nature, whether they are:

Prerequisites for Applying for IEC Before applying for IEC, ensure you have:

  1. Valid DGFT Portal Login Credentials (After Registration).
  2. Active Firm’s Permanent Account Number (PAN) and related details.
  3. A bank account in the firm’s name.
  4. Valid address proof that matches the firm’s details.

Documents Required for IEC Code Registration The following scanned documents are needed for IEC registration:

  1. Proof of establishment/incorporation/registration.
  2. Proof of address (various documents are acceptable).
  3. Proof of firm’s bank account.
  4. Active Digital Signature Certificate (DSC) or Aadhaar of the firm’s member for submission.

IE Code Application Procedure Here’s a step-by-step guide to applying for an IE Code Certificate:

  1. Visit the official DGFT website and select “IEC Profile Management.”
  2. Click “Apply for IEC” and register by providing required details.
  3. Upon successful registration, you’ll receive a temporary password.
  4. Log in to the DGFT website using your credentials.
  5. Start a new application or proceed with an existing draft.
  6. Fill out the application form with details, including firm name, PAN, GSTIN, address, and more.
  7. Accept terms and conditions, and sign the application using a digital signature certificate or Aadhaar.
  8. Make the payment.
  9. After successful payment, you’ll receive the IEC Certificate via email.
  10. Optionally, you can download the certificate from the DGFT website.

The Importer Exporter Code is essential for commencing import-export activities, unlocking international market opportunities, and ensuring compliance with legal requirements. Don’t overlook the importance of IE code registration, and you can easily apply for it through Aggarwal M & Associates, with processing typically taking 6 to 7 days.