Importer Exporter Code (IEC Code) Registration Online

International trade is a gateway to a world of opportunities for businesses in India. Whether you're looking to import goods, export products, or expand your business globally, having an Importer Exporter Code (IEC) is your key to entering the international market. This code is issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce. For importers, the IEC is indispensable for the clearance of customs and facilitating payments to foreign banks, ensuring smooth international trade transactions. Similarly, exporters rely on the IEC to streamline the process of sending shipments and receiving payments from overseas clients.

Leagel Edge Advice Care is here to simplify the process for you. Our comprehensive IEC registration services make it easier than ever to obtain the essential IEC certificate, ensuring that you're well-prepared to explore the global trade landscape.

Import Export Code (IE Code)

Import & Export Code is to be obtained by the business entity for import into or export from India. Import & Export Code is popularly known as the IEC number. Import & Export Code is a ten-digit unique number issued by the Directorate General of Foreign Trade (DGFT).

IEC registration certificate is mandatory for a business involved in import and export. Hence, before initiating an import of goods into India, an importer must ensure that the importing entity has GST registration and IE code – both of which are required to clear customs.

If an importer does not have both IE code and GST Registration, the goods will be stuck at the port and start incurring demurrage charges or could be destroyed.

Importance of Import Export Code

Businesses have a great option to enter the international market with the export and import of the products and the services they are involved in. The IE code is an essential requirement while entering the global market as it supports the growth and development of the business to a certain extent. There are various advantages of getting an Import Export Code. Here we have listed a few of them:

International market unlocks: As the IE Code is a requirement for the import and export business, they allow the products to reach the global market. IE code makes the entry of the international Indian company smoother and opens doors for growth and expansion.

Online registration: The process to find the IE Code is entirely online and hassle-free with short document submission.

Less document requirement: It is not required to submit many documents to obtain an IEC.

Lifetime Validity: IE Code is a lifetime registration valid as long as the business exists. Hence, there are no issues with updating, filing, and renewing Import Export Code registration. The IE registration is valid until the company exists or the registration is not revoked or surrendered.

Reduces illegal goods transportation: The most basic requirement for the Import-Export code is that you need to provide authentic information. Without giving proper information, IE code cannot be obtained. This criterion makes the transportation of illegal goods impossible.

Availing Several Benefits: IE code has enormous benefits for importers and exporters. The registered business entities can get help through subsidies from the Customs, Export Promotion Council or other authorities. With LUT filing under GST, the exporters can make exports without paying taxes. If the exports are made with tax payment, the exporter can claim the refunds of the paid tax amount.

Compliances: Unlike other tax registration, the person carrying import or export does not require to fulfill any specific compliance requirements such as the annual filing or the return filings.

Validity of IE Code

As mentioned above, IE Code registration is permanent and valid for a lifetime. Hence, there will be no hassles with updating, filing, and renewing the IEC registration. It is valid till the business exists or the registration is not revoked or surrendered. Further, unlike tax registrations like GST registration or PF registration, the importer or exporter does not require to file any filings or follow any other compliance requirements like annual filing.

As IE code registration is one-time and requires no additional compliance, it is recommended for all exporters & importers to obtain IE code after incorporation.

Tax Exemption:

Section 8 companies registered under section 12AA of the Income Tax Act are eligible for a 100% tax exemption, as they utilize their profits for charitable purposes. This is a significant benefit as the profits generated by such entities are non-taxable.

Pre-Requisites for Applying for IEC

Valid Login Credentials to DGFT Portal (After Registering on DGFT Portal)

IEC may be applied on behalf of a firm which may be a Proprietorship, Partnership, LLP, Limited Company, Trust, HUF, and Society.

The Firm must have an active Firm’s Permanent Account Number (PAN) and details like Name as per Pan, Date of Birth, or Incorporation..

The Firm must also have a bank account in the Name of the Firm and a valid address before applying.

Note: These details will be validated with the Income Tax Department site.

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.

Canceled Cheque

Bank Certificate

User should have an active DSC or Aadhaar of the Firm’s member for submission.

Active Firm’s Bank accounts for entering its details in the Application and making online payment of the application fee.

Streamline Your IEC Application with Leagel Edge Advice Care

Leagel Edge Advice Care can assist you in obtaining an Importer Exporter Code (IEC) in India. Here's how we can help:

Information and Guidance: Leagel Edge Advice Care can provide you with detailed information about the IEC application process, including the eligibility criteria and the documents required.

Application Preparation: We can assist in preparing the necessary documentation, including the application form and supporting documents.

Application Submission: Leagel Edge Advice Care can submit your IEC application to the Directorate General of Foreign Trade (DGFT) on your behalf, ensuring that it is done correctly and promptly.

Follow-up and Tracking: We can track the progress of your application and follow up with the authorities, helping you navigate any potential roadblocks or delays.

IEC Certificate Delivery: Once your IEC is approved, Leagel Edge Advice Care can help you obtain and deliver your IEC certificate to you.

Expert Consultation: If you have any queries or concerns regarding IEC or international trade, Leagel Edge Advice Care' experts can provide you with professional guidance.

Using Leagel Edge Advice Care for your IEC application can save you time and ensure that the process is handled efficiently and accurately, allowing you to focus on your import and export activities.