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Import Export Code Modification

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What is IEC Code?

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 not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.

    Apply for IEC Modification/Update


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    Cases where Export Import Code (EIC) is not mandatory

    According to the latest circular issued by the government, IEC is not mandatory for all traders who are registered under GST. In all such cases, the PAN of the trader shall be construed as new IEC code for the purpose of import and export.

    Import Export Code (IEC) isn’t required to be taken in case the goods exported or imported is for personal purposes and isn’t used for any commercial purpose.

    Export/ Import done by the Government of India Departments and Ministries, Notified Charitable institutions need not require getting Import Export Code.

    Features of IEC CODE

    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.

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    How it Works

    Fill-up the form & make the payments

    Get the call from the IEC Expert

    Upload the Necessary documents

    Dedicated IEC expert will apply for IEC License

    Congratulations! Your IEC will be sent to you.

    Get e-consult letter & free advice for 3 days

    FAQ

    What Is IEC Code?
    IEC (Import Export Code) is mandatory for anyone who is looking to start his/her import/export business in India. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has lifetime validity.
    How to Apply For IEC Code Online?
    The application process for getting an IEC Code is very easy and convenient. Just follow the steps and complete the process of getting IEC Code:
    1. Fill the form & make the payment
    2. Get in touch with our IEC experts
    3. Complete all the documents related compliance requirements
    4. Get your IEC Code in just a single day
    What Documents Are Required To Get IEC Code Online?
    1. Photograph of the applicant
    2. Copy PAN Card
    3. Bank certificate/cancelled cheque
    4. A copy of Aadhar/Voter ID
    5. Address proof of the office premise
    What Is The Fee Applicable For IEC Code?
    1. Rs. 1499 (If your aadhaar is linked with your mobile or if you have DSC)
    2. If your mobile number is not linked with aadhaar then you must have DSC (Digital Signature Certificate) – Visit Here
    3. A nominal fee of Rs. 500 is paid to the government.
    How Many Days It Will Take To Get IEC Code Online?
    It generally takes only 1 day to get your Import Export Code/IEC License. But in certain cases, it may take another day since it is based on final approval from DGFT. So it takes 1-5 working days to get your Import Export License registration certificate.
    Can I Import Without IEC Code Registration?
    No, you cannot import legally if you do not possess a valid Import Export Code Registration Certificate. As per current notification by DGFT (Directorate General of Foreign Trade), No export or import shall be made by any person without obtaining an IEC unless specifically exempted.
    Is there any need to revalidate at any point in time?
    No, the validity of IEC Registration is of a lifetime. Therefore there is no requirement to revalidate it.
    Can a person/entity have more than 1 IEC Code?
    No. Only 1 IEC is issued to a person/entity. So if more than 1 IEC code is issued, then the same should be surrendered to the Regional Office for cancellation.
    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 individuals/proprietors obtain IE Code?
    Anyone who is acting as sole proprietor of a business can obtain IE code Registration.
    What is the penalty levied for not registering for IE code?
    As trade is not possible without a valid IEC, the penalty levied may be the pay duty depending upon the quantum of the goods.
    Does Custom department use IEC?
    Yes, IEC number is reflected in all customs documents related to exports and imports.