Ak Tiwari & Associates

Import Export Code Registration

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What is Import Export Code Registration Overview

In this age of cut-throat competition, everyone wants to grow their business beyond the limits of the domestic market. However, doing business globally isn’t just a cup of tea for everyone. Before going global, you need to follow several procedures and laws in place and get different registration and license. IEC (Import Export Code) license is one of such prerequisite when you’re thinking of importing or exporting from India. IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has lifetime validity. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.

Process for Import Export Code Registration

Step 1

The online IEC application form in the format Aayaat Niryaat Form no. 2A is filed with the Directorate General of Foreign Trade. Alternatively, it could also be done offline at the Regional office of DGFT.

Step 2

All the required documents, including bank details and DSC, have to be submitted

Step 3

Next, the Import Export code will be allotted and the application will be processed further

Step 4

Once the documents and application are verified by the authorities, the import export license will be granted as a soft copy to the entity.

FAQs On Import Export Code Registration

What is IEC?

Who requires an IEC?

A. Any bonafide person/ company starting a venture for International trade.Following categories of importers or exporters are exempted from obtaining IEC number:

Importers covered by clause 3(1) [except sub-clauses(e) and (l)] and exporters covered by clause 3(2) [except sub-clauses (i) and (k)] of Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993.
Ministries / Departments of Central or State Government.
Persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture.
Persons importing / exporting goods from / to Nepal,Myanmar through IndoMyanmar border areas and China (through Gunji, Namgaya Shipkila and Nathula ports), provided CIF value of a single consignment does not exceed Indian Rs.25, 000. In case of Nathula port, the applicable value ceiling will be Rs.100,000. However, exemption from obtaining IEC number shall not be applicable for export of Special Chemicals, Organisms, Materials, Equipments and Technologies (SCOMET) as listed in Appendix- 3, Schedule 2 of ITC (HS) except in case of exports by category (ii) above

Can Export/Import be made without IEC?

No. IEC forms a primary document for recognition by Govt. of India as an Exporter/ Importer

What are the benefits of IEC?

On the basis of IEC License, companies can obtain various benefits on their exports/ imports from DGFT, Customs, and Export Promotion Council etc.

Whether more than one IEC can be issued against one PAN?

Only one IEC would be issued against a single PAN number. Any proprietor can have only one IEC number and in case there are more than one IECs allotted to a proprietor, the same may be surrendered to the Regional Office for cancellation.In case of more than one proprietorship firm belonging to one proprietor, they will be indicated as branch offices of the first firm.

WHY Ak Tiwari & Associates

We are a technology-driven platform, offering services that cover the legal needs of startups and established businesses. We offer a wide range of services to individuals, such as property agreements and tax filings.

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Past 5 Years, servicing many startups and enterprises of all size and scale.

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Transparent pricing for all our services, our professional fee, government fee, and GST.

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