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About This service

An international trade of Export and Import of any goods or services from India requires an Import Export Code (IEC) to operate the transactions. Import Export Code is issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. For importer, it is used for clearing the goods from custom authority and sending money abroad through banks. For exporter it is used to send his shipments by the customs port and receiving money in foreign currency directly into his bank account. It is a 10 digit code which is also known as an importer exporter license or import export number. An IEC number issued to applicant shall be valid for all its divisions/ units/ factories/ branches. IEC is valid for lifetime and there is no need to renew the same.

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Includes/exclude

in service

  • Preparation and submission of Application for Import & Export Code
  • Any other registration services like GST registration, Prop./partnership firm registration, company/LLP registration, PAN card application is not included in this.

Whom

it’s beneficial

  • Any person wants to involve in international trade of Export and Import of any goods or services from India

Process

  • Purchase Plan
  • Provide information, details and documents as needed
  • Get Import Export Code registration certificate

Information/Documents

needed

  • KYC Documents
  • Cancelled cheque copy
  • Business address proof

Other Information

 The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad. Import and export code Registration can be done through IEC code agent in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.

FAQ’s

 What is the tax levied on Import Export Code?

No tax is levied on Import Export Code. However, custom duty maybe levied. Custom duty depends to the category of the products imported or exported. This can be found at the custom departments’ website.

What is the time taken for issuing the Import Export Code?

After submitting all the requisite documents IEC is typically allotted by DGFT in 5-10 days. It is not necessary to show proof of any import or export to obtain IE Code. As IEC can be partially applied online with the help of digital signature, IEC is obtained in less than a week.

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