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IEC Registration 2018-01-27T05:42:11+00:00

Easily Obtain Import Export Code

Import Export Code or IE Code is required for undertaking import of export transactions

Availing benefits under schemes like SEIS or MEIS. Unfolding Tax offers IE Code registration from Rs.4899/-

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Importer Exporter Code

Import Export (IE) Code is a registration required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IE Codes when issued can be used by the entity throughout its existence and doesn’t require any renewal or filing. Therefore, it is recommended for most organizations to obtain IE Code, irrespective of if they need it at the moment.

IE Code application must be made to the Directorate General of Foreign Trade along with the necessary supporting documents. Once, the application is submitted, DGFT will issue the IE Code for the entity in 15 – 20 working days or less.

Procedure For Import Export Code Registration

Documents Required For IE Code?

Identity and Business Proof
Identity proof like passport, drivers license, aadhaar card, voters id or ration card for the promoters with photo or person authorised to file IE code application. In case of legal entity or registered body, then partnership deed or incorporation certificate or registration certificate is required.

Cancelled Cheque Copy
Bank certificate as per DGFT format or cancelled cheque bearing preprinted name of applicant and account number. Bank certificate or cancelled cheque is used to verify that the applicant has an active current account with a bank in India.

Business Address Proof
Documents to support the business address submitted in the IE code application. Sale deed in case business premise is self-owned. If the premises are rented, rental agreement or lease deed. Along with the agreement or deed, a copy of latest electricity or telephone bill must be provided.

Reasons to Register a IEC Code

Lifetime – NO Renewal
IE Code is issued for the lifetime of the entity and requires no renewal. So once a IE Code is obtained, it can be used by that entity for all its import or export transactions without any further hassles.

Exporters Require IE Code
All Exporters who export goods or services from India require an IE Code. The IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad.

Importers Require IE Code
All Importers who import goods into India require an IE Code. The IE Code must be quoted while clearing customs. Also, banks require the importers IE Code while sending money abroad.

Proprietors can have IE Code
Even individuals who are proprietors of a business can obtain IE Code in their name. It is not necessary to incorporate a business entity for obtaining IE Code.

No Return Filing
IE Code does not require the filing of any return. Once, an IE Code is issued there are no further procedures required to maintain validity of the IE Code. Even if import or export transactions occur, there are no filings required to DGFT.

Frequently Asked Questions

IE Code stands for Import Export Code. It is required for any person importing or exporting goods and services to or from India.
All importers must mention their IE Code while clearing customs when their goods arrive in India. All exporters must mention their IE Code while exporting their goods from India. Additionally, now RBI requests person importing or exporting services to also mention IE Code in foreign remittances in bank account. Therefore, IE Code is required for anyone involved in import or export in India.
No. IE Code is not a tax registration. So no tax is levied based on IE Code during import or export of goods or services. However, customs duty maybe levied.
Any person who proposes to import or export goods and services from or to India must obtain IE Code.
Yes, individuals acting as Proprietors of a business can obtain IE Code Registration.
To obtain IE Code registration, a copy of PAN Card, proof of address of business and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] and a letter from the banker is required.
IE Code Registration can be obtained from the DGFT in 10-15 working days after submission of all required documents and application.
IE Code is not a mandatory registration, only importers and exporters of goods or services must have IE Code. Therefore, there is no penalty for not having IE Code; however, import / export will not be possible without an IE Code.
No. Returns need NOT be filed for IE Code.
IE Code is valid for life-time of the entity and renewal is also not necessary.