IEC REGISTRATION

An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India.

Unless otherwise exempt, no person may export or import without first obtaining an IEC. However, IEC will not be required for services exports unless the service provider is benefiting from the Foreign Trade Policy.

IECs are issued in accordance with the PAN of the company, as a result of the implementation of GST. DGFT will still issue the IEC individually based on an application, nevertheless. Any of the following business structures may be used to get an IEC: proprietorship, partnerships, limited companies, trusts, HUFs, and societies.

Salient Features of [IEC] Import Export Code:

• IE code is permanent in nature and valid till the existence of the business or till it is surrendered or revoked.

• It is to be renewed according to the period specified.

• There is no compliance to be followed on monthly or yearly basis like an enterprise needs to do in GST (Monthly or yearly returns).

• IE code registration is completely online and hassle free.

• IE code can be used for obtaining many subsidies or benefits from customs, (EPC) Export Promotional Council and other govt. authorities.

• IE code allows the business entity to reach international shores and global market.

• IE code results in business entity’s global expansion and presence.

Who can apply IE code?

The following can apply for IE code:

1. Proprietorship Firm

2. Partnership Firm

3. Hindu Undivided Family (HUF)

4. Limited Liability Partnership (LLP)

5. Private Limited Company

6. Public Limited Company

7. Trust

8. Society

List of documents:

1. Pan of the organization
2. Copy of Aadhar & PAN
3. Cancel cheque copy of current account
4. Electricity bill
5. Rent/lease agreement (if rented)