IE Code is required for undertaking import or export transactions and
availing benefits under schemes like SEIS or MEIS
GST inclusive - no hidden charges
Import Export Code License
The first requirement before you start an import/ export business in India is to obtain an IEC. IE Code is unique 10 digit code issued by DGFT - Director General of Foreign Trade, Ministry of Commerce and Industries, Government of India.IE Codes when issued can be used by the entity throughout its existence and doesn't require any renewal or filing. Therefore, it is recommended for most organizations to obtain IE Code, irrespective of if they need it at the moment. The IEC Registrationdoes not apply to technology and services. However, it does in certain cases in which international trade is restricted, such as nuclear weapons and automatic guns.
IE Code application must be made to the Directorate General of Foreign Trade along with the necessary supporting documents. Once, the application is submitted, DGFT will issue the IE Code for the entity in 5-10 working days or less.No export or import shall be made by any person without an Importer-Exporter Code (IEC) number unless specifically exempted.Apply for Import Export Code Application Online through Legaltree.
What You Need to Know
National Validity
The IEC, once issued, is valid throughout the county, in all your branches or factories. It needs to be quoted while your goods go through customs and while sending money abroad or receiving money from abroad.
No Filings Apply
The IEC is just a code. Once you have it, you can begin importing and exporting. You don't need to file the transactions done under this code or pay any taxes.
LegalTree can help your business to obtain Import Export Code in 5-10 days, subject to government processing time
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Need for IEC Registration
Importers Require IE Code
All Importers who import goods into India require an IE Code. The IE Code must be quoted while clearing customs. Also, banks require the importers IE Code while sending money abroad.No Return Filing
IE Code does not require the filing of any return. Once, an IE Code is issued there are no further procedures required to maintain validity of the IE Code. Even if import or export transactions occur, there are no filings required to DGFT .Proprietors 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.Exporters Require IE Code
All Exporters who export goods or services from India require an IE Code. The IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad.Lifetime - NO Renewal
IE Code is issued for the lifetime of the entity and requires no renewal. So once a IE Code is obtained, it can be used by that entity for all its import or export transactions without any further hassles.Documents required for Import Export Code Registration
Identity and Business Proof
Identity proof like passport, drivers license, aadhaar card, voters id or ration card for the promoters with photo or person authorised to file IE code application. In case of legal entity or registered body, then partnership deed or incorporation certificate or registration certificate is required..Cancelled Cheque Copy
Bank certificate as per DGFT format or cancelled cheque bearing pre-printed name of applicant and account number. Bank certificate or cancelled cheque is used to verify that the applicant has an active current account with a bank in India.Business Address Proof
Documents to support the business address submitted in the IE code application. Sale deed in case business premise is self-owned. If the premises are rented, rental agreement or lease deed. Along with the agreement or deed, a copy of latest electricity or telephone bill must be provided.Importer Exporter Code Registration Process
IEC Code Registration
Legaltree can help your business to obtain Import Export Code in 5 to 10 days, subject to Government processing time.
Application Preparation
An Legaltree Expert will prepare your IE Code Application in the prescribed format along with the necessary supporting documents and obtain your signature in the application.
Application Processing
Once the application is prepared, Legaltree will submit the IE Code Application to the Directorate General of Foreign Trade for further processing and allotment of IE Code.
IE Code Allotment
Once the application and the attached supporting documents are verified, the Directorate General of Foreign Trade will allot a IE Code for your business.
FOOD License Registration @ 7900/-
FAQ's
If you are not satisfied for any reason, we will refund professional fees. No question asked