Register Import Export
Code (IEC) India

3,499/- (inclusive of all taxes & fees)

Important Points

  • - IEC code in 5 working days
  • - Only 4 Documents Required and Fully Online
  • - Price includes DSC Worth 999 (Class 2)

Import Export Code (IEC)

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What is a Import Export Code or License?

Import Export Code (IEC) or Import Export License is the 10 digit code issued by DGFT office in India. IEC code registration is mandatory for every exporter importer to do the business of import export legitimately.

How to 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 broadly categorized 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.

#FFill 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.

Know the basics

Learn the basics about Import Export Code & its compliance


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Documents required for Import Export Code Registration

For Individuals / Proprietorship

  • PAN Card
  • Aadhar Card / Voter ID / Passport / DL
  • Cancelled Cheque of Current Account
  • Passport Size Photo

For Company / LLP / Partnership

  • Pan Card of Establishment
  • Pan Card of Authorized Person
  • Aadhar Card / Voter ID / Passport / DL of Authorized Person
  • Passport Size Photo
  • Cancelled Cheque of Current Account

Requirements for Import Export Code Registration

There is only one requirement for IEC code in India i.e. your business name should be printed on the copy of canceled 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. As the Bank sometimes denied to give Authorized dealer code on Savings account.
  • If you are exporting goods through courier Like FedEx or DHL, then also you should register for IEC Code as they mandatory demand the IEC.
  • If you are Importing goods from different country in large quantity then having Import Export code is necessary,otherwise the custom authority will not clear the goods.

Time & Cost for Import Export Code (IEC) Registration

The Total Cost Breakup

Items Qty Price
Government Fee - 500
Digital Signature Certificate (DSC) 1 999
Professional Fee (Inclusive of Taxes) - 2,000
Total IEC Cost in India 3,499

Time for Import Export License Registration

It takes around 5 to 8 business days if all documents are submitted on time.

Cases in which Import Export Code is not mandatory

To start an import/ export business in India, the first thing is to obtain an IEC or Import Export License. An IEC is necessary for importing and exporting of goods.

  • In case the import/export is of services or technology, IEC is required in only limited circumstances, when import/export is in ‘specified services’ or ‘specified technologies’, i.e. services or technologies in which international trade is restricted by Government of India as they pertain to national security, such as dealing in nuclear weapons, automatic guns ext.
  • Import Export Code is also not necessary to be taken if the goods imported or exported is for personal use and not to be used for commercial purpose. on saving account is 2% plus rate provided by nationalized bank on saving a/c. E.g. SBI rate is 4% then max rate will be 6%.
  • Import / Export done by Government of India Ministries and Departments, Notified Charitable organizations also not required to have Import Export Code.

How to Export From India?

To know if your venture is ready to enter the import/export market? Here are some things you need to have in order.

  • # Set Up the Business Entity: The first thing is to open a business Entity, whether it is Proprietorship, LLP, Partnership or Company Set Up the Business with an attractive name and logo.
  • # Pan Card of Business: If open a Partnership, LLP or Company, then having a Pan Card issued by Income Tax department Get Pan Card for Business Mandatory.
  • # Current Account with Bank: Once Registered and got the Pan card duly issued by IT Department, you need to open a Current Open Current Account with any commercial bank.
  • # Get the IEC Code Issued: This is one of the most important requirements to get your import and export business started.IEC Get Import Export Code is required in all cases except in case of restricted or prohibited.
  • # Getting RCMC issued: For Importing goods having IEC is enough, but for doing exports and claiming export benefits you need to obtain Get RCMC from an RCMC, granted by the concerned Export Promotion Councils.
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Mandatory Compliances for Import Export Code (IEC)

Import export license or IEC code is allotted under the foreign Trade policy (FTP). Under FTP, there is no requirement of any compliance for IEC. IEC is very similar to PAN card.

E.g. if you need to pay tax or file ITR, then you must carry the PAN card, similarly, if you want to import or export, then you must carry the IEC code.

No Returns

NO monthly or annual returns or filing needs to be done if you take Import Export Code

Lifetime Validity

Import export code is the one time formality and no other formalities are required. To be a eligible importer or exporter, you just need to apply for IEC registration and done.

RCMC Registration for Exports of Goods & Services

RCMC is Registration cum membership certificate with the export promotional council (EPC) or commodities Board of India. It is a mandatory registration requirement as per Foreign Trade Policy of India to claim any export benefit in India. RCMC stands for Registration cum Mandatory Certificate (RCMC).

RCMC Registration Advantages :

  • Claiming Export Benefits under MEIS and SEIS schemes.
  • Helps in getting International Markets reach and Connections.
  • RCMC helps in getting research reports on product in different markets.
  • Benefits given by Export Promotion Council to promote the Exports from the country.
  • Most common EPCs are CAPEXIL, APEDA, ESC, PLEXCONCIL HEPC, Handicrafts Export Promotion Council.
  • RCMC can only be obtained after getting the Import Export Code from the DGFT.

Apply for RCMC Online

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Advantages of Import Export Code (IEC) Registration

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It opens up International Market for those who are trading in the domestic market.

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Online Registration with lifetime validity with no compliances.

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Can be used for both Goods and Services by Manufacturer, Trader or Service Provider.

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Cheaper cost of registration to connect with the world.

FAQs on IEC Code Registration

Q. Whether Import Export Code (IEC) is mandatory for import of goods?

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.

Q. Is there any renewal charges?

IEC is valid for the lifetime; there are no renewal charges for that.

Q. What are the benefits of IEC?

On the basis of IEC, companies can obtain various benefits on their exports / imports from DGFT, Customs, Export Promotion Council, etc.

Q. Can I modify the IEC information?

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.

Q. How much time does it take to get an IEC?

With Hubco.in, it will take 3 to 4 working days to get an Import Export Code (IEC).

Q. Do any compliance need to be done after taking 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.

 

Q. Is Import Export Code (IEC) mandatory for both Import & Export of goods?

IEC is compulsory for both imports and exports to and from India. However, certain categories of importers are exempted from obtaining IEC.

Q. How can I get the Duplicate copy of IEC?

You need to login on DGFT website, and from there you can easily download the copy of the IEC allotted to you.

Q. Can 2 IEC be issued against one Pan?

No, only one IEC can be issued in a lifetime against one pan card.

Q. IEC is delivered in Physical format or Digital format?

Nowadays, IEC will only be issued in digital format by the DGFT. No Physical copies are sent to applicant address.

Q. How to Apply for IEC?

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.

Q. Is Pan Card is Essential Document?

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 

Q. What is IEC Number?

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.

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Register Importer Exporter Code in India