As trade is not possible without a valid IEC, the penalty levied may be the pay duty depending upon the quantum of the goods.
IEC Registration
An import export code is a unique 10-digit code that is required 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 their IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.
Get Started!
Benefits of IEC Code
The IEC registration helps traders open the doors to venture into the global market, including registration in online e-commerce operators
No compliance requirements pos registration and hence maintaining the business is relatively simple
Businesses can avail government schemes like the Merchandise Export from India Scheme (MEIS), the Service Export from India Scheme (SEIS), and others from customs and export promotion
The process of obtaining IEC is not tedious and can be obtained with minimal, basic documents.
Documents Required for IEC Registration
The list of scanned documents required for IEC Registration is listed as follows:
Note: In case the address proof is not in the Name of the applicant firm, a no objection certificate (NOC) by the firm premises owner in favor of the Firm, along with the address proof, is to be submitted as a single PDF document.
Our Import Export Code Registration Package
Procedure to get Import Export Code
Cases Where Import Export Code is not Required
- As per the latest circular passed by the government it is declared that every trader do not require IEC if they have registered themselves under GST (Goods and Services Tax). In such cases the PAN card will be used as new IEC code for importing and exporting goods
- IEC is not required until and unless you import goods for commercial use. As well as Charitable institutions do not require IEC
- If you are looking to expand your market and go beyond country borders and export/import, reach out to our experts and know all formalities you need to get through. You can avail all services such as GST registration, business registration etc.
Exemption of Import Export Code
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
|
|---|---|---|
|
01
|
0100000011
|
All Ministries / Departments of Central Government and agencies wholly or partially owned by them.
|
|
02
|
0100000029
|
All Ministries / Departments of any State Government and agencies wholly or partially owned by them.
|
|
03
|
0100000037
|
Diplomatic personnel, Counselor officers in India and officials of UNO and its specialized agencies.
|
|
04
|
0100000045
|
Indians returning from / going abroad and claiming benefit under Baggage Rules.
|
|
05
|
0100000053
|
Persons / Institutions / Hospitals importing or exporting goods for personal use, not connected with trade or manufacture or agriculture.
|
|
06
|
0100000061
|
Persons importing/exporting goods from/to Nepal
|
|
07
|
0100000070
|
Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas
|
|
08
|
0100000088
|
Ford Foundation
|
|
09
|
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.
|
Why RapidTax?
Recognized by Govt. of India
On Time Service
Data Security & Trust
Super Fast Service
Quick Response Team
Trained & Professional Experts
Our Happy Clients
Highly Impressed by the Personal Attention given by the Professional Staff in getting the GST Registration done and registering the MSME certification for my business.” Thanks RapidTax
Mr. Jitesh Gautam
Our Featured Services
What People Frequently Ask…
What is meant by IE code?
IEC stands for import export code which is a 10 digit number issued by the 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.
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 the 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 and Aadhaar 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 Rapid Tax IEC registration can be obtained from the DGFT in 3-5 working days after submission of all required documents and application form.
What is the penalty levied for not registering for IE code?
Can export/import of goods 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 the customs department use IEC?
Yes, the IEC number is reflected in all customs documents related to exports and imports.
How many IECs can a person get?
A single business owner can get only one license.
Can any changes be made in IEC?
Yes. In order to make changes, you need to raise a request with the DGFT and produce the relevant documents to make the modifications. Some government fees may be charged for the same.
How to cancel IEC?
IE code can be cancelled by initiating a formal request to the DGFT online. On receipt of such intimation, the authorities will cancel it electronically.
Is company registration required to get IEC?
No, there is no need for a customer to start a company to apply for an IEC certificate.
Start GST Filing Process Now
We have 5 years of experience in this field, with 100% client satisfaction.