Import Export Code
How does Import Export code work for you?
It is mandatory for all businesses engaging in Import and Export to apply for an Import-Export code
Data Check-We do a thorough check of the files you send in
Overview
Import Export Code Registration
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.
Benefits
Why register for IEC?
- 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
IEC Procedure
Documents required for Import Export Code registration
The Documents Required Are Relatively Less For Iec Registration. Only A Few Documents Are Required Which Are Listed Below For A Better Scope.
- 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
- Copy of cancelled cheque leaf of the current account
Eligibility
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.
The name 'A Square Finserv' embodies our ethos:
'Square' symbolizes integrity and equilibrium in our work, while 'Finserv' underscores our passion for delivering cutting-edge financial services and advisory.
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
- Following permanent IEC numbers shall be used by non-commercial PSUs and categories of importers/exporters mentioned against them for import/export purposes.
Trusted by over 500+ loyal customers
A reliable and well-structured CA firm. A Square Finserv ensures compliance-driven solutions with timely execution.
The team at A Square Finserv is highly knowledgeable and professional. Their guidance on taxation and compliance has been precise.
A Square Finserv provides dependable accounting and advisory services with a disciplined and transparent approach.
Professional handling of statutory and compliance matters by A Square Finserv. Their attention to detail is commendable.
A Square Finserv maintains high service standards and delivers accurate financial solutions. Communication is clear and timely.
The firm demonstrates strong expertise in accounting and taxation. A Square Finserv is a trusted advisory partner.
A Square Finserv offers structured and compliant services with consistent professionalism. Overall experience has been excellent.
The team at A Square Finserv ensures timely delivery and accurate compliance support. Their advisory inputs are practical.
A Square Finserv follows a systematic and ethical approach in all assignments. Their technical strength is evident.
Our FAQ
Answers To Your Questions
Have Questions About Something?
Our Location
Unit No.206, SS Plaza Sector-47, Gurgaon, Haryana-122018