An Overview
IEC Registration

'Import Export Code', most famously known as IEC, is a 10 digit number gave by the Director-General of Foreign Trade. 'Import Export Code' is the compulsory prerequisite for all the people who are occupied with one or the other bringing in as well as importing or exporting from India. IEC is needed by importers to clear customs and shipments, and to move cash to foreign banks. Exporters require IEC to send shipments and get cash from foreign banks. In short, no importer/exporter can work in India without getting the IEC.

With Filing by Expert , Our experts will execute the Import-Export code enlistment process easily online at the best rates. The entire interaction will require around ten days. We will help you in getting your Import Export permit online.

• IEC is needed in the following circumstances
• 1. At the point when an importer needs to clear his shipments from the then it's needed by the customs specialist.
• 2. At the point when an importer sends cash to another country through banks at that point, it's required by the bank.
• 3. At the point when an exporter needs to send his shipments that point, it's required by the customs port.
• 4. At the point when an exporter receives money in foreign money directly into his ledger at that point, it's needed by the bank.

What are the reports needed for
Import Export Code Registration?

• Documents required for Import Export Code registration
• 1. PAN card of the individual or organization
• 2. Copy of the substance's government ID (Driving permit/Aadhar/Voter ID)
• 3. Incorporation authentication/Partnership deed
• 4. Individual or company’s current bank account declaration
• 5. Address proof (Copy of Rent Agreement or Electricity Bill Copy of the premise)
• 6. Copy of dropped cheque leaf of the current account

Steps Involved in
IEC (Import/Export Code) Registration

Step 1: Application Form First, you need to set up an application form in the predetermined format and document it with the individual Regional office of DGFT.

Step 2: Documents Secondly, you need to set up the necessary records regarding your personality and legitimate substance and address verification with your bank subtleties and the certificate in regard to prescribed form.

Step 3: Filing Application When your application is completed, you need to document with DGFT by means of DSC (Digital Signature Certificate) and pay the necessary fee for the IEC Registration.

Step 4: IEC Code Finally, when your application is endorsed then you would get the IEC Code in a delicate duplicate from the public authority.

Key Features of IEC Registration

• No business can enjoy Import/Export activities without taking IEC enrollment
• It fills in as verification that a firm is engaged with the import/export of goods and items
• Once acquired, an IEC exists for a lifetime. This suggests it doesn't need any reestablishment.
• It isn't compulsory to include in the import or fare of goods for individual or authoritative purposes.
• IEC is mandatory for building foreign bank transfers
• It is considerable for all parts of merchants or exporters' business.

Changes under IEC for GST

After the execution of Goods and Services Tax in the GST framework, GSTIN would be used for the credit stream of IGST paid on import of items. Regardless, the PAN is an identifier at the substance level of the breaking point however GSTIN would be used as an identifier at the trade level for each import and fare. The UIN or PAN would be recognized as IEC. All importers needed to refer to GSTIN in their requesting despite IEC.