IMPORT AND EXPORT REGISTRATION CODE
What is Import and Export Code.?
The Importer -Exporter Code (IEC) is a key business identification number which is mandatory for Exports or Imports. No person shall make any import or export except under an IEC Number granted by the DGFT. In case of import or export of services or technology, the IEC shall be required only when the service or technology provider is taking benefits under the Foreign Trade Policy or is dealing with specified services or technologies.
Who Can apply for Import and Export Code.?
The nature of the firm obtaining an IEC may be any of the follows- “Proprietorship, Partnership, LLP, Limited Company, Trust, HUF and Society.” Consequent upon introduction of GST, IEC number is the same as the PAN of the firm. The IEC would be separately issued by DGFT.
Benefits of IEC Code
- Global Market Reach
- Online Registration
- Life time validity
- Benefits of Schemes
- No Compliance
- No Annual maintenance
Procedure for obtaining of IEC Code
Step 1: Visit the https://www.dgft.gov.in/
Step 2: Click on Apply for IEC.
Step 3: Enter Details for registration of Credentials.
Step 4: Enter Pan No and required information.
Step5: Fill Full application and preview the details.
Step 6: Upload required documents.
Step 7: Submit and pay required fee.
Step 8: Submit and Generate IEC Certificate.
