IE Code Registration

IEC Registration


The Import Export Code (IEC), a 10-digit ID issued by the DGFT in India, is crucial for businesses dealing with imports and exports. Also known as the Merchant Exporter Code, it's a mandatory requirement to kick-start such ventures within India. Without this code, engaging in import or export activities is impossible. Obtain your IEC to smoothly operate import-export businesses within the Indian domain.

The below organizations/Nature of the bodies are permitted to take Import and Fare codes:


  • Proprietorship Company
  • Partnership firm
  • Limited liability partnership firm
  • Private limited company
  • Trust, HUF and society

Exemptions of IE Code:


  • Import businesses fall under clause 3(1) (excluding sub-provisions (e) and (l)), while export businesses come under section 3(20) (excluding sub-clauses (I) and (K)) of the Foreign Exchange Regulation Act, 1993.
  • Services and sectors fall under either the State or Central Government. Individuals can import/export goods for personal use, unrelated to trade, manufacturing, or agriculture.
  • Exceptions apply mainly to products related to Special Chemicals, Organisms, Materials, Equipment, and Technologies (SCOMET).
  • Imports/exports from nearby nations like China, Nepal, Myanmar, and the Indo-Myanmar border ports (Gunji, Namgaya, Shipkila, Nathula) are allowed, based on the CIF value not exceeding Rs. 25,000 (except for Nathula port, which extends up to Rs. 1,00,000).

Documents requirement:

To apply for the IEC (Import Export Code), provide


  • passport-sized photos of the Owner/Partners/Directors,
  • copies of their PAN cards, and
  • IDs like Passport/Voter ID/Driver's License/Aadhaar card.
  • If the business owns the premises, submit the latest power/phone bill in the owner's name.
  • For rented spaces, include the tenancy agreement and relevant bills.
  • a cancelled cheque or
  • Bank statement in the applicant's name is necessary for verification purposes.

Benefits:

  • Global Market Access.
  • Easy Online Registration.
  • Simple Documentation Needed.
  • Registration Based on Business Type.
  • Lifetime Validity.
  • Plan Benefits.
  • No Compliance Issues.
  • No Annual Maintenance.

FAQ


Any business, whether sole proprietorship, partnership, private limited company, or charitable organization, involved in importing and exporting goods can apply for an Import-Export Code (IE Code), regardless of its size. It's important to note that IE Code isn't necessary for goods used personally and unrelated to trade, manufacturing, or agriculture.

For online IEC registration, fill out the Aayaat Niryaat Form (ANF) no.2A on the DGFT website. Offline registration can be done at the regional DGFT office. Submit all necessary documents, including bank details and DSC. Once done, the Import Export Code will be assigned, and the application will proceed. After authorities verify the documents, the import-export license will be issued as a soft copy.

Individuals or companies need to provide a copy of their PAN card, along with their citizen ID, Aadhar card, or identification. Additionally, they must submit a cancelled cheque from their current bank account and a copy of the lease agreement or power bill for verification purposes.

The IE code is everlasting and remains valid for a lifetime. There's no need for renewal or updates; it stays effective until the business ceases to exist or voluntarily surrenders its registration.

RCMC, the Registration-cum-Membership Certificate, is issued by the Export Promotion Council under the Government of India. It's mandatory for businesses involved in exporting restricted goods or seeking benefits under Foreign Trade Policy, such as Duty Drawback.

IEC is necessary solely for commercial purposes. Importing or exporting goods for personal use doesn't mandate an IEC registration. Therefore, one can engage in such activities without IEC registration for personal use.