IEC Registration in India

QuickBiz Offer a professional service which can get your new business off to a flying jump. We are Compliance and finance officers for your business. Here you find easy and affordable online company registration and range of essential services.

Import Export Code(IEC) Registration

All you need to know

Due to globalisation, a gradual shift is observed from the local market to the international market. For reaching the international market, import and export activities are undertaken which further requires Import Export Code. It is mandatory for Indian companies to have IEC registration if companies want to expand their business through Import and Export.   

     

Anyone willing to start an import/export business in India is required to obtain IEC code. IEC is a 10-digit number having permanent validity issued by the Directorate General of Foreign Trade (DGFT) online.  Importers are not allowed to continue without this code and exporters can’t take advantage of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.

 

For carrying out Import Export activities in India obtaining IEC registration is compulsory, without having IEC license no business can involve in import export activity. Moreover if any business wants to avail the benefits provided by the government then getting IEC registration is must. Reserve Bank of India has made it compulsory for all the traders to provide their Import Export Code during any payment transfer.

 

Registration for IEC code online comes with one-time registration and lifetime validity. The process for import export code registration has become simpler with online IEC application supported by a few documents.

IEC Registration Fees

BASIC

2799 (All Inclusive)
  • Import Export Code
  • DSC 2 Individual with 2 Years Validity

STANDARD

3799 (All Inclusive)
  • Import Export Code
  • DSC 2 Individual with 2 Years Validity
Popular

PREMIUM

5699 (All Inclusive)
  • Import Export Code
  • Digital Signature Class 2 Individual having 2 Years Validity
  • GST Registration

Advantages of a IEC Registration

QuickBiz is a technology driven platform which offers legal & financial services over its team of professionals. Before applying this services applicant should know the list of advantages of this service in India.

Required by Importers and Exporters

Anyone willing to start an import/export business in India is required to obtain IEC code. Importers are not allowed to continue without this code and exporters can’t take advantage of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.

Expansion of Business Globally

With the help of IEC business can increase its reach in the global market. IEC provide the opportunity to business to export its goods and products outside the nation’s territory and create a name for oneself in the international market. If the entity does not hold IEC, it is not allowed to import or export goods/services into the foreign market.

No Need Of Return Filing

IEC does not require filing of return. Once IEC is allotted, there is no need to follow any kind of procedures for supporting its legality. In any event, of export transaction, DGFT does not order for filing any return.

One Time Registration and Life Time Validity

In private Limited Company, 100% Foreign Direct Investment is allowed that means any foreign entity or foreign person can directly invest in a Private Limited Company. The private limited companies allows Foreign Direct Investment which other type of firms require appropriate licensing/Liaising and approval from the administration for foreign investments.

No Requirement of Compliance

Once the import-export code is acquired, there are no further formalities. Dissimilar to other tax registrations, the IE code holder also does not required to comply with any kind of annual filing or return filing. Also, the code is comes with one-time registration and lifetime validity.

List of Documents for IEC Registration

Our mission is to offer excellent support to our client in respect of all the legal compliances on affordable rates. Have a look at the list of documents required to avail this service.

Documents of Shareholders/Directors
  • Self-attested Pan Card of all directors/partners/proprietor
  • Pan Card of Company / LLP
  • Cancelled cheque of current account having entity’s pre-printed name or Bank Certificate in form ANF-2A(i)
Registered Address Related Documents
  • Address Proof - Sale Deed/ Rent Agreement/ Latest Electricity Bill/ Telephone Bill in name of applicant
  • Entity should give the registration certificate with MoA- AoA / LLP Agreement, or a Partnership Deed as applicable

How to Register Import Export Code

IEC Registration Process in 5 steps
  • 1. Complete a checklist
  • 2. Submit Document
  • 3. Verification of Documents
  • 4. Filing IEC Registration
  • 5. IEC Code allocated

FAQs On Import Export Code Registration

Get answers to all your queries

Any authentic person or company starting a business for International trade.

Entirely who needs to obtain IEC can apply for it by submitting an application at Joint Director General of Foreign Trade website https://dgft.gov.in in the prescribed form ANF 2A.

Import-Export code is not a tax registration; however, depending upon the product, the certain custom duty can be imposed.

You can modify your application numerous times before it is submitted to the next department.

No, an an unregistered dealer cannot avail input tax credit of GST.

Yes, it is mandatory to provide PAN Card. You need to provide the self-attested copy of your PAN Card along with the application.

You need to check the status of your Business Identification Number on the official site.

No, there is no compliance to be fulfilled after the import-export license registration is acquired.

Yes, the IEC information can be changed by providing all the compulsory documents even after the code is allotted.

Have Questions? Need Help of an Expert

Call us at: +91 91066 57 573 or Email us: support@quickbizfiling.com

×