24 X 7 X 365 Availability
MJ ShingalaMJ ShingalaMJ Shingala
(+91) 81418 16833
[email protected]
All Over India

Import Export Code (IEC)

An Importer Exporter Code is a unique 10-digit code

Which is requisite for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.

Eligibility

All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet.
Any type of business registration: Sole Proprietorship, Partnership, Private Limited and Charitable organization dealing with the export and import of goods should register for Importer Exporter Goods.
Any type of business registration: sole proprietorship, partnership, private limited companies, charitable organizations dealing with import and exports of goods can register for import-export code, irrespective of the size. However, IE code is not required for Import/export of goods for personal use, which is not connected with trade, manufacture or agriculture. There is no need for a business set up.

Exemption of IEC

Persons undertaking import and export of goods for personal reasons and not connected to trade, agriculture and manufacture.
Individuals who export/import goods to/from Nepal and Myanmar through Indo-Myanmar border areas and China (through Gunji, NamgayaShipkila and Nathula ports) with single consignment does not exceed Indian Rs.25,000.
Exemption from obtaining IEC shall not be applicable for export of Special Chemicals, Organisms, Materials, Equipments and Technologies (SCOMET) as listed in Appendix – 3, Schedule 2 of ITC (HS) except in case of exports by category (ii) above.
Ministries/Departments of Central and State governments

Advantages

The IEC registration helps traders open the doors to venture into the global market, including registration in online e-commerce operators.
Businesses can avail government schemes like Merchandise Export from India Scheme (MEIS), Service Export from India Scheme (SEIS) and others from Customs and Export Promotion
No compliance requirements pos registration and hence maintaining the business is relatively simple
The process of obtaining IEC is not tedious and can be obtained with minimal, basic documents.

Documents Required

PAN card of the individual or company
Copy of the entity’s government ID (Driving license/Aadhar/Voter ID)
Incorporation certificate/Partnership deed
Personal or company’s current bank account statement
Address proof (Electricity bill/rent agreement/sale deed of the office location
Copy of cancelled cheque leaf of the current account

Contact

  • 301, Laxmi Enclave, Opp. Gajera School, Katargam, Surat – 395004
  • (+91) 99138 29833
    (+91) 81418 16833
  • [email protected]

Ask An Expert

    8  +  one  =