Import Export Code - How to Apply Online IEC Licence



What is an IECcode registration?

Import Export Code is a registration manner that stands in want of people importing or
Exporting items and offerings from India. This code is issued by means of the DGFT, i.E., Directorate
Standard of overseas change, Ministry of commerce and Industries, and government of India.
Import Export code registration India application ought to be made to the DGFT in conjunction with the
Required assisting documents. As soon as that application is submitted, DGFT will issue the IEC for
The entity in 15-20 operating days or less.

Documents required for IEC Licence in India, i.E., import-export code registration:

For IEC code registration, the subsequent documentation is necessitated-
● The PAN Card reproduction of an individual, a firm or a enterprise
● The reproduction of an character's voter identification proof, or Aadhaar card, or Passport
● The replica of a canceled cheque of a current bank account of an person, a firm or a
Company

How can one observe for on line IEC code registration in India?

● modern-day financial institution account details
● Self-attested reproduction of the permanent Account quantity (PAN) Card
● The certificate of the banker
● two copies of the passport-size images of the applicant this is duly attested by the
Banker of the applicant


IEC- eligibility, requirements, validity, and exemption?

All entities in India involved in the import or export of goods and services from India could be
Required to reap IE code from the DGFT.


The necessities of attaining IE code are:

To reap IEC code from the DGFT, the applicant need to post copies of identification and cope with
Proof at the side of a proof of an operational bank account within the name of the applicant.


The validity of the IEC code:

IE code registration is a permanent registration this is legitimate for a lifetime. Therefore, there may be no Obstacles for modernizing, filing, and reconditioning of IE code registration. It's far valid till the Commercial enterprise exists or the registration is revoked or surrendered. Furthermore, in contrast to tax Registrations inclusive of GST registration or PF registration, the importer or exporter does no longer want
To document any filings or observe every other compliance necessities which includes annual submitting.
As IEC code registration is a one-time and calls for no in addition or extra compliances, it's far Advocated for all the groups and LLPs you bought IE code after incorporation.

IE code exemption:

An import-export code is required for the import of any type of items by means of a commercial enterprise. However,


The following category of individuals are exempted from shopping an IEC:

● Import and Export by way of significant authorities or corporations or undertakings for defense
Functions or other distinctive lists under overseas alternate (exemption from the software of
Regulations in positive instances) Order, 1993.
● Import or Export of goods for personal use.


Applying for IEC code:

● Importers or Exporters shall report an online utility in shape ANF 2A.
● The applicant is needed to publish handiest  documents; one is the cope with evidence, and
The alternative is the already published cheque or financial institution file.

Cope with proof:
● Sale deed, in case the business premises is self-owned, or
● apartment or hire settlement in case the premise is rented or leased, or
● contemporary energy/landline/cell invoice in the name of the applicant entity, or

● GST registration certificate






Location: Block-B, Shankar Garden, Vikaspuri, Delhi, 110018, India

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