Importer-Exporter Code

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    How Does Import Export Code Work For You?

    It is mandatory for all business engaging in Import and Export to apply for an Import-Export code

    Step 1

    We do a thorough check of the files you send in

    Step 2

    Our team will process your application online.
    We will also follow up with the department
    regularly till your code is issued

    Step 3

    The TIN will be issued within 15 days of the
    application

    Import Export Code Registration - An overview.

    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.

    Why register for IEC? Benefits

    • 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.

    How to register for IEC? - A detailed IEC procedure

    To get your Import Export license online, you will need to do the following simple IEC registration procedure.

    Step 1: The online IEC application form in the format Aayaat Niryaat Form no. 2A is filed with the Directorate General of Foreign Trade. Alternatively, it could also be done offline at the Regional office of DGFT.

    Step 2: All the required documents, including bank details and DSC, have to be submitted

    Step 3: Next, the Import Export code will be allotted and the application will be processed further

    Step 4: Once the documents and application are verified by the authorities, the import export license will be granted as a soft copy to the entity.

    Documents required for Import Export Code registration

    The method of LLP registration in India does not require much legwork when it comes to documents.

    To Be Submitted By Partners

    • Scanned copy of PAN Card or passport (Foreign Nationals & NRIs)
    • Scanned copy of Adhar Card/ Voter’s ID/Passport/Driver’s License
    • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
    • Scanned passport-sized photograph Specimen signature (blank document with signature [partners only])
    • Note: Any one of the partners must self-attest the first three documents. In the case of foreign nationals and NRIs, all the documents must be notarized (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).
    • 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
      • Address proof (Electricity bill/rent agreement/sale deed of the office location
      • 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.

    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.

    S.No Code Number Categories of Importers / Exporters
    1 0100000011 All Ministries / Departments of Central Government and agencies wholly or partially owned by them.
    2 0100000029 All Ministries / Departments of any State Government and agencies wholly or partially owned by them.
    3 0100000037 Diplomatic personnel, Counselor officers in India and officials of UNO and its specialised agencies.
    4 0100000045 Indians returning from / going abroad and claiming benefit under Baggage Rules.
    5 0100000053 Persons / Institutions / Hospitals importing or exporting goods for personal use, not connected with trade or manufacture or agriculture.
    6 0100000061 Persons importing/exporting goods from/to Nepal
    7 0100000070 Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas
    8 0100000088 Ford Foundation
    9 0100000096 Importers importing goods for display or use in fairs/exhibitions or similar events under provisions of ATA Carnet. This IEC number can also be used by importers importing for exhibitions/fairs as per Para 2.29 of HBPv1.
    10 0100000100 Director, National Blood Group Reference Laboratory, Bombay or their authorized offices.
    11 0100000126 Individuals / Charitable Institution / Registered NGOs importing goods, which have been exempted from Customs duty under Notification issued by Ministry of Finance for bonafide use by victims affected by natural calamity.
    12 0100000134 Persons importing/exporting permissible goods as notified from time to time, from/to China through Gunji, Namgaya Shipkila and Nathula ports, subject to value ceilings of single consignment as given in Para 2.8(iv) above.
    13 0100000169 Non-commercial imports and exports by entities who have been authorized by Reserve Bank of India.

    Commercial Public Sector Undertaking (PSU) who have obtained PAN will, however, be required to obtain the Import Export Code number. The permanent IEC number as mentioned above shall be used by non-commercial PSUs.

    VALIDITY OF IE CODE

    Once registered the Import Export Code is permanent and becomes valid for lifetime. Hence, there is absolutely no need for renewal or update. It lasts until the business ceases to exist or the registration is surrendered. Also, the business does not have to do any monthly or annual filings like GST, PF, etc.

    RCMC REGISTRATION

    RCMC is Registration-cum-Membership Certificate issued by the Export Promotion Council body under the Govt of India. RCMC is required for businesses that deal with the export of restricted products, and those seeking concessions under Foreign Trade Policy like duty withdraw.

    Why Buiznest

    Our professionals will execute the Import Export code registration process smoothly online at best rates. The whole process will take about ten days. We will help you in getting your Import Export license online.

    FAQs on Import Export Code

    What is IE Code?
    IEC stands for Import Export code which is a 10 digit number issued by Director General of Foreign Trade, Department of Commerce, Government of India. It is a registration required for traders importing or exporting goods and services to or from India.
    What is Merchandise export from India (MIES) scheme?
    Under the MEIS Scheme, numerous rewards and incentives are provided to exporters. Such incentives are given to exporters at a prescribed rate which varies from product to product.
    Who requires an Importer Exporter Code ?
    Any person/company dealing in international trade of export and import of goods and Services need to register for IE code.
    Is there any tax levied based on IE Code?
    IE Code is not a tax registration. However, certain customs duty may be levied depending on the product.
    Can Export /Import be made without having an Importer Exporter Code ?
    No. IEC is a mandatory document for recognition by Govt. of India as Exporter / Importer of goods and services. However, if the value of goods is too low, the customs authorities may permit first export by imposing nominal charges which is highly unlikely to happen.
    Can individuals obtain IE Code?
    Anyone who is acting as sole proprietor of a business can obtain IE code Registration.
    What are the documents required for IEC registration?
    To obtain IE code registration, a copy of PAN Card, proof of address of business and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] and a cancelled cheque of the current account is required.
    How long does it take to obtain IE Code registration in India?
    With Buiznest IEC Registration can be obtained from the DGFT in 7-10 working days after submission of all required documents and application form
    What is the penalty levied for not registering for IE code?
    A Limited Liability Partnership or LLP is one of the business entities that combines the elements of both - partnership firms and corporations and is viewed as a As trade is not possible without a valid IEC, the penalty levied may be the pay duty depending upon the quantum of the goods.
    Can Export /Import of good and services be made without Importer Exporter Code ?
    No. IEC is a mandatory document for recognition by Govt. of India as exporter/importer. However, if the value of goods is very low, the concerned customs officer may permit the first export (only one time) by imposing penal charges.
    Does Custom department use IEC?
    Yes, IEC number is reflected in all customs documents related to exports and imports.
    Is company registration required to get IEC?
    No, there is no need for a customer to start a company to apply for IEC Certificate.

    Why Buiznest

    60 Established Vendors
    Buiznest has successfully completed 600+ registrations in the past year alone. We have partnered with some of the top experts in business across India to get your registration across to you on time.
    9.1 Customer Score
    We make your interaction with the government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
    200+ Strong Team
    Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we’ll try to ensure that your doubts are cleared before they even arise.

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