Import Export Code Registration

Import Export Code or IEC is a 10-digit code that a business or an individual needs to import/send out products/administrations. This code is given by DGFT (Director General of Foreign exchange), Ministry of Commerce and Industries, Government of India. The legitimacy of this code is for lifetime, that is, there is no compelling reason to recharge it. This code is created inside 5-15 working days after the archives are submitted and all the revisions required are made.

This code has numerous names, similar to merchant traded code, import send out code, import trade permit, import trade number, IE code, IE permit and so on. You can give this code in either your name or under organization's name. Once gave, it is legitimate for all its division/units/processing plants/branches

What Is Included In Our Package?

Drafting Documents
Application Filing
Application Processing
Consummation of enrollment

Documents required for IEC Code

Different documents are required by different entities to get IEC code and these are given below.

S.No.	Sole Proprietorship	Partnership Firm	LLP	Trust	HUF
1	Digital photograph (3*3)	Digital photograph (3*3) of the managing partner	Digital photograph (3*3) of the designated partner/director of the company signing the application	Digital photograph (3*3) of the secretary/chief executive/signatory applicant	Digital photograph (3*3) of the Karta
2	Copy of pan card of the proprietor	Copy of partnership deed	Applicant’s copy of pan card	Registration certificate of society/copy of the trust deed	Copy of pan of Karta
3	Copy of passport/voter id/driving license/UID	Copy of passport/voter id UID/driving license/PAN of the managing partner signing the application	Copy of passport/voter id UID/driving license/PAN of the managing partner/director signing the application	Copy of passport/voter id UID/driving license/PAN of the managing trustee/chief executive signing the application	Copy of passport/voter id UID/driving license/PAN of Karta
4	If the business is self-owned, then sale-deed	Sale-deed, in the case of self-owned business	Sale-deed, in the case of self-owned business	Sale-deed, in the case of self-owned business	Sale-deed, in the case of self-owned business
5	If the business is rented, then rental/lease agreement	If the business is rented, then rental/lease agreement	If the business is rented, then rental/lease agreement	If the business is rented, then rental/lease agreement	If the business is rented, then rental/lease agreement

When is IEC code required?

It is required by the custom specialists to free the shipments for the situation from any imports.
Additionally, it is required by the bank to move the sum on account of any imports made.
Versus in the event that an exporter needs to send the shipments, at that point it is required.
Or then again, if the exporter should get cash in remote money and it is moved straightforwardly into his financial balance.

Steps to Apply Import Export Code

Complete Our IEC Form

You are required to fill our basic online IEC code application structure and email archives.
START
IEC Application Creation

We draft your application for IEC code and record it with the DGFT office for your benefit.
2 WORKING DAYS
IEC expense installment

We pay the IEC government free and followup with division for your permit.
2 WORKING DAYS
Your work is Completed, Congratulations.

When your IEC CODE enrollment is finished we will send IEC permit to you by email.
CONGRATULATIONS

One can record the FSSAI application straightforwardly with the legislature. The procedure is long and requires 60 days to get finished :

Stage 1 : Application Preparation

So as to get code an application must be made in the Aayaat Niryaat Form 2A organization to the DGFT in that district where the enlisted office of the organization is built up. Government has likewise orchestrated internet documenting office for getting IEC CODE ONLINE.
Stage 2: Application Processing

Subtleties of the business and its owners, executives or accomplices, financial balance subtleties and a bank declaration are the essential prerequisites of ANF 2A. All the necessary records for IEC should be submitted with ANF 2A. Advanced mark is required on the ANF2A structure.
Stage 3 : IEC charge installment

When the application if complete, it ought to be documented with DGFT and an application expense should be paid to the administration. IEC office may send back your application for rectification/change. You have to answer back to the DGFT in 15 days.
Stage 4 : IE Code Issuance

When the application is totally checked by the division, the Directorate General of Foreign Trade will allocate an IE Code for your business. This IE code comes in both delicate copy and printed version. You get the softcopy by means of email and can begin the import send out exchange with this.

Highlights of Import Export Code

Business development

Taking your administrations or items to the worldwide market will broaden your organizations. IEC empower you to sell items outside India.
Fare Subsidies

Based on IEC, organizations or firms can advantages and sponsorships their fares/imports from DGFT, Customs and fare advancement board.
legitimacy

When you are finished with IE Code Registration and present all the necessary archives, IE Code is given for the lifetime of the substance and requires no restoration.
No Return Filing

IE Code doesn't require recording of any arrival. Once, an IE Code is given there are no further strategies required to keep up legitimacy of the IE Code.
People can have IE Code

Indeed, even people who are owners of a business can get IE Code in their name. It isn't important to join a business substance for acquiring IE Code.

When is IEC code required?

It is needed by the custom authorities to clear the shipments in the case of any imports.
Also, it is needed by the bank to transfer the amount in the case of any imports made.
Vis-à-vis if an exporter needs to send the shipments, then it is required.
Or, if the exporter is supposed to receive money in foreign currency and it is transferred directly into his bank account.

Features of Import Export Code

Business growth –Taking your services or products to the international market will enlarge your businesses. IEC enable you to sell products outside India.
Export Subsidies –On the basis of IEC, companies or firms can benefits and subsidies their exports/ imports from DGFT, Customs and export promotion council.
Lifetime validity –Once you are done with IE Code Registration and submit all the required documents, IE Code is issued for the lifetime of the entity and requires no renewal.
No Return Filing –IE Code does not require filing of any return. Once, an IE Code is issued there are no further procedures required to maintain validity of the IE Code
Individuals 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.

Advantages of IEC Code

Business development
- A business have a possibility for online worldwide commercial centers like Amazon.com, Alibaba and so on.
- IEC is compulsory to profit development openings by means of import/trade.
Fare endowments
- Indian government follows a strategy of sending out the products and not the expenses.
- An exporter can get a discount of many charges paid while sending out the products.
- Government even forgoes some import obligations, if the merchant vows to trade the merchandise inside a time period.
Lifetime legitimacy
- As the name recommends, there is no compelling reason to reestablish this code over and over.
- It will be legitimate till the substance for which it is given exists. After the ending up of the organization, this code terminates.
No arrival documenting
- There is no consistence necessity for IEC
- Including this, there is no compelling reason to document periodical returns.
- It is much the same as a PAN card.
Online method
- The entire method can be done on the web and there is no compelling reason to go anyplace truly.
- There is no more examiner raj.
- It is modest to enroll your code now @Rs.3,499 just from our site.

Frequently Asked Questions

How to get IEC code enlisted?

ou can get IEC code enlisted by utilizing our master administrations at Legaladvisory
What amount does it cost to get IEC code enrolled?

We at Legaladvisory cost our customers Rs.3,499 to get another IEC code and Rs.2,000 to make a few changes in the IEC code.
What are the reports required to get IEC code enlisted?

A-the rundown underneath portrays the complete records required to get IEC enrollment for an element. For some other, the rundown is referenced previously. • Copy of PAN card firm/organization • Copy of property papers (whenever claimed property) • Copy of lease understanding (whenever leased property) • Landlord NOC (configuration will be given by us) • Cancelled check of firm • Electricity/water charge (business place) • Telephone bill in a similar name • Copy of expense forms (if there should be an occurrence of ownership) • Certificate of joining (if there should be an occurrence of organization) • Bank explanation of firm/Company • AOA and MOA (if there should arise an occurrence of organization) • 1 letter head of organization (if there should arise an occurrence of organization)
What occurs if IEC number is lost or lost?

In such a case, you have to give an affirmation with the goal that the giving authority of the IEC code can give a duplicate of your IEC number.
Who ought to get IEC number?

Any individual/business attempting to launch his fare/import business is required to get IEC number.
Would individuals be able to apply for IEC?

Truly. People can apply for IEC, in the event that they own a business in ownership or association
Will the IEC code be sent by means of mail or on the web?

We will send you the mail of the IEC code, since the entire procedure is done on the web.
Is there any duty exacted on IEC code?

No, there is no assessment required on IEC code. Nonetheless, custom obligation might be forced. It relies upon the class of the items imported or sent out. For more data, go on to the custom office's site.
Who isn't required to get IEC code?

You won't need an IEC code under the accompanying cases: 1. Individual sending out or bringing in products for individual use and not for exercises identified with business. 2. People sending out or bringing in products to/from Nepal or Myanmar through Indo-Myanmar fringe regions, an estimation of which doesn't surpass Rs.25,000/ - in a solitary task. 3. Services or divisions of focal government don't require getting IEC.

Import Export Code

Ideal for businesses planning to trade in and out of India