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IEC Registration

No one can export or import without an Import export code (IEC) which is a ten digit code. Everyone who wishes to export or import should have valid IEC. Organization can obtain IEC from Director General of Foreign Trade (DGFT) by submitting the application online by using the Digital Signature certificate (DSC). The required documents keep ready in scan copy and upload the documents in DGFT. The Authority will verify the documents uploaded by the applicant and issue the certificate of IEC online and same will be delivered by speed post to the address given by the applicant in application form.

The IEC registration will not be handed over to the applicant over the counter of DGFT office. Import Export Code is a permanent validity and there is no requirement for renewal of IEC. The proprietor can be obtained Import export code registration certificate in his name or company name. In case of any deficiency in application, the deficiency letter is sent by post. The IEC holder can apply duplicate IEC to Registration Authority accompanied with affidavit if original is misplaced.

Advantages

No Renewal

The Assessee once obtained Import Export Code Registration, not required to renew the same after that. However they have to amend in registration certificate in case of changes.

Export Incentive

A certain amount provided by the DGFT (Director General of Foreign Trade) for encouraging the business to export certain types of Goods and Services. The incentives will be credited in exporters account once the product has exported.

Service Provider

The service provider gets himself IEC registration when the service made to outside India. IEC is necessary for any person making an import into India or exporting a product or service.

SERVICE TAX STATUTORY OBLIGATIONS

For all those who have a liability to register themselves, if fails to do the same than under section 75A of the finance act 1994 penalty for the failure of an assessed to get himself registered was fixed at Rs. 500/- as a onetime payment but subsequently this section was deleted by the virtue of the finance act 2004 and now the general penalty that is applicable is Rs. 1000/- as per section 77 of Finance act.

Documents required

  • 1

    Documents for Company

    • PAN
    • Rental Agreement
    • Bank Statement
    • EB receipt
    • Resolution Copy in case of Company
  • 2

    Documents for Owners

    • PAN
    • Voter ID / Passport/ Driving License / Aadhar Number
    • Photo – 2 Nos
    • ATTESTATION
    • Documents to be attested
  • 3

    REGISTRATION

    • ST-2 will be issued by the department.

Business Plan

Basic

Rs.2,500/-

  • Import Export code without Digital Signature

Standard

Rs.3,500/-

  • Import Export code with class II Digital Signature

Advanced

Rs.6,000/-

  • Import Export code with class III Digital Signature

HOW LONG DOES IT TAKES?

1 DAY

Collection of Documents

1 DAY

Preparation of Application

1 DAY

Submission of Application

1 DAY

Certificate of Udyog Aadhar Registration

Frequently Asked Questions

How can I modify my IEC application?
An application can be modified any number of times till it is submitted for processing. You need to login with same details like PAN, mobile and email again.
What is the procedure for depositing fee for the online IEC application?
Application Fee can be deposited through online mode only by selecting Appl. fee from left Pane.
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, companies can obtain various benefits on their exports/ imports from DGFT, Customs, and Export Promotion Council, etc.
What is the fee for fresh IEC Application?
Application fee is Rs. 500/- which can be paid through online from any designated bank in favour of Jt. DGFT, Chennai.
Is PAN Number/PAN card essential / what are the alternatives?
Yes, PAN is mandatory. Self Certified Photocopy of PAN card has to be submitted along with the application.
What is the procedure for a foreign national for obtaining IEC (documents needed)?
Board Resolution, Memorandum of Association, and copy of Passport. And all documents prescribed above for Indian Citizen/ company/ Proprietorship Firm.
Can a Public Limited Co. /Private Limited Co. /Partnership obtain different IECs for different concerns owned by it?
No. However the name of each concern owned by such a company may be included in the IEC of the firm in whose name PAN exists, as a branch.
Whether IEC has to be revalidated after a period of time?
No, IEC need not be revalidated if the PAN is incorporated in it, but the same needs to be updated for changes in name/ address/constitution.

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