What is IEC:- An Importer -Exporter Code (IEC) is a key business
identification number which mandatory for export from India or Import to India.
No export or import shall be made by any person without obtaining an IEC unless
specifically exempted. For services exports however, IEC shall be not be
necessary except when the service provider is taking benefits under the Foreign
Trade Policy.
Consequent upon introduction of GST, IEC being
issued is the same as the PAN of the firm. However, the IEC will still be
separately issued by DGFT based on an application. The nature of the firm
obtaining an IEC may be any of the follows- Proprietorship, Partnership, LLP,
Limited Company, Trust, HUF, Society.
Pre-Requisites for Applying for IEC:-
IEC may be applied on
behalf of a firm which may be a Proprietorship, Partnership, LLP, Limited
Company, Trust, HUF, Society. Firm must have a PAN, bank account in the name of
the firm and a valid address before applying. Address may be physically
verified by the DGFT on issuance of the IEC. Please keep your PAN, bank details
and firm details ready before applying.
Documents Required for Register IEC Code
·
PAN Card
·
Bank Account Details
·
Aadhar Card (In case
of Proprietorship)
·
Address Proof document
(like Electricity Bill. Rent Agreement, Consent Letter, Ownership Documents)
·
Mobile No.
·
Gmail Address
·
Certificate of
Incorporation in case of Company
Steps involved in IEC
(Import/Export Code) registration
·
Visit the DGFT website (WWW.DGFT.GOV.IN)
·
Click on the ‘Apply for IEC’ tab on the
homepage.
·
A new page will open Click on the
‘Register’ option. Enter the required details and click on the ‘Sent OTP’
button
·
Enter the OTP and click on the
‘Register’ button.
·
Upon successful validation of the OTP,
you will receive a notification containing the User-ID and Password which you
can change after logging into the DGFT website.
·
After registering on the DGFT website,
login to the website and Click on the ‘Apply for IEC’ option on the DGFT
website dashboard.
·
Click on New Application button and enter
the general information, details of proprietor/partner/director/Karta/managing
trustee, bank information, other details, attach Digital Signature Certificate
(DSC) and make the payment.
·
After successful payment, it will be
redirected to the DGFT website. The receipt will be displayed. Download the
receipt for future reference.
·
The IEC Code will be generated and sent
in the email. It can be downloaded after logging in to the DGFT website and
clicking the ‘Print IEC’ option under the ‘IEC Profile Management'.
IEC Profile:- The
Importer-Exporter Profile captures important details with respect to the
importing and exporting firm as registered with DGFT. The IEC is the primary
part of the profile. In addition to the IEC , details such as RCMC, Industrial
Registration Details, Status holder details, Past export performance etc, are
captured under this profile.
Disclaimer: All the Information is based on
the notification, circular and order issued by the Govt. authority and judgement delivered by the court
or the authority information is strictly for educational purposes and on the basis of our best understanding
of laws & not binding on anyone.
