Advantages of Import Export Code (IEC)
IEC enables global trade with easy registration, lifetime validity, no returns, and access to government benefits.
How VG Expert Can Help You?
- IEC Application Process
- Procurement of Digital Signature Certificate (DSC)
- IEC Registration & Issuance
- Responding to Departmental Queries
Process Of IEC Registration
The application for IEC must be submitted online through the DGFT portal. Alternatively, an offline application can be filed using Aayaat Niryaat Form 2A with the DGFT Regional Office having jurisdiction over the company’s registered office.
Details of the business, along with information on its proprietor, directors, or partners, bank account details, and a bank certificate are required for Form ANF 2A. Relevant documents such as identity proof, business proof, and address proof must also be submitted along with bank details.
After completing the application, it must be submitted to the DGFT using a Digital Signature Certificate (DSC) upon payment of the prescribed fee.
The application may be sent back for correction/change. The reply needs to be submitted within 15 days of receipt of application for correction.
After verification by IEC Department, DGFT will allow IEC for the business. It comes in soft as well as hard copy.
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Who should obtain IEC Registration?
- Any individual or business entity engaged in importing or exporting goods or services from India must obtain IEC registration. This includes companies, LLPs, partnership firms, and sole proprietors involved in international trade.
Documents/ Details required for IEC Registration
ID Proof and Photo
ID Proof and Photo -Copy of ID Proof (PAN Card, Aadhaar Card, Voter ID Card) and passport-size photograph of the person authorized to file the IEC application.
Letter Authorizing a Person
Letter authorizing a person to file the IEC application, in the case of Partnership Firms.
Authority from Other Directors
Authority from other directors on the Letter Head, in the case of a Company.
Copy of Business Proof
Copy of Business Proof (Partnership Deed, Certificate of Incorporation, Registration Certificate).
Cancelled Cheque
Cancelled cheque of the entity's bank account.
Address Proof
Copy of Address Proof – Sale deed in case the premises are self-owned, Copy of the latest Electricity or Telephone bill along with the copy of the Rent Agreement or Lease Deed if the premises are rented.
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Frequently Asked Questions
Get answers to common questions on Income Tax Return Filling
Is there any tax levied on Import Export Code?
No tax is levied on IEC. Customs duty may be levied depending on the category of the products imported or exported.
How can IEC license be modified?
Modification can be made online in the IEC application. It requires resubmission of the application with the DGFT with all the required documents. IEC Modification fees also need to be submitted with the department.
What is the time taken to acquire IEC?
After submission of all the requisite documents, IEC is allotted by the DGFT in 5-10 days. It is not necessary to show proof of any export or import to obtain IEC.
What is the penalty for not having IEC?
Since IEC is not a mandatory registration except for the importers and exporters, there is no penalty for not having IEC.
How can a duplicate IEC Certificate be obtained online?
If the IEC Certificate has been taken in the process of e-IEC, then the certificate can be downloaded anytime by login to the IEC portal with the username details. In case of availing IEC using the physical process, application for e-IEC needs to be made again with all the documents, and DGFT shall provide a certificate in the new online format.
Any monthly returns need to be filed under IEC?
IEC is only a license permitting the import and export of goods. Therefore, no return is required to be filed under the IEC code.