All About IEC Registration in India
Import Export Code (IEC)?
Import Export Code (IEC) is the 10 diigt code issed by DGFT office in India. IEC code registration is mandatory for every exporter importer to do the business of import export legitimately.
register Import Export Code (IEC)?
Import Export Code (IEC) is mandatory for all exporters and importer in India as per the Foreign Trade Policy. All the registration steps has been broadlu categorised under three sub heads:
#Apply for DSC: The IEC registration process is completely online and hence needs to be signed by a digital Signature (DSC). DSC is a tool which is used to sign on computers.
#Fill online Application & Upload Doc: After applying for DSC, one must fill the application and upload the documents properly to avoid any mistake. A small mistake will also leads to rejection of application.
#Upload and Follow up: Once application is filed properly and submitted then you must follow up in case IEC is not issued within time limit
a Import Export Code (IEC)?
If you want to start a import export business, then you must have a IEC code otherwise you cannot import or export on your own. Further if you want to sell on Amazon.com, then also you should apply for IEC code.
Learn about IEC Code
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A Five day IEC Registration procedure to start Import Export Business in India
Documents Required for IEC Registration(We need all documents in scan form. No hard copies are needed)
Only Threeare Required
- - PAN Card of the company & Directors
- - Copy of Cancelled Cheque of your Bank Account
- - A Clear Passport Size photo
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Importor Exportor (IEC) Code Registration Process
It takes approx 5 working days to register for Import Export Code in India
DSC and Application
Once we receive docs we apply for IEC instantly to get faster results.
Wait for Govt
After filing, we need to wait for few days to check IEC status.
If we didn’t get IEC in Time, we do constant follow up with DGFT office
Total Cost for Import Export Code (IEC) Registration
There is only one requirement for IEC code in India i.e. your business name should be printed on the copy of cancelled cheque. If it is not printed then your application will be liable to be rejected.Here are some other few important points:
- - IEC code can be applied on savings bank account, however it is recommended to have current account.
- - If you are exporting goods through courier, then also you should register for IEC Code.
- It opens up international market.
- IEC once registered, is valid for lifetime.
- No compliances for IEC Code.
- IEC code can be off two types: Merchant exporter and Manufacturer Exporter.
- IEC Code is based on PAN and hence needs modification in case of any change in PAN.
- Lifetime Validity
- Ample business internationally
- No Compliances
Know more about the Export Process in India
Import Export Code (IEC) is compulsory for all imports and exports of goods and services in India. However, certain categories of importers are exempted from obtaining IEC.
Obtaining Import Export Code (IEC) is the first step to be in import Export Business in India.
IEC is valid for the lifetime; there are no renewal charges for that.
On the basis of IEC, companies can obtain various benefits on their exports / imports from DGFT, Customs, Export Promotion Council, etc.
Yes, you can easily modify the IEC information through Hubco.in, You just need to provide Hubco with the supporting of the modification and that's it, you are done.
With Hubco.in, it will take 3 to 4 working days to get an Import Export Code (IEC).
No Compliance needs to be done in the case, of Import Export Code (IEC). Once IEC issued by DGFT it is valid for a lifetime period. IEC is a compliance free document.
IEC is compulsory for both imports and exports to and from India. However, certain categories of importers are exempted from obtaining IEC.
You need to login on DGFT website, and from there you can easily download the copy of the IEC allotted to you.
No, only one IEC can be issued in a lifetime against one pan card.
Nowadays, IEC will only be issued in digital format by the DGFT. No Physical copies are sent to applicant address.
With Hubco you don't need to worry, just give us the scanned documents and two working days and you have your IEC Number in your hand.
Yes, having PAN is mandatory.
If You are an Individual - Pan Card of Individual.
If you are Firm or Company - Pan card of Firm/Company & Pan Card of Director/Partner
IEC Stands for Import Export Code. No export or import shall be made by any person without an Import Export Code (IEC) number unless specifically exempted.