It is unique 10 digit code that is mandatory for every firm, organisation, persons, and entity for all those who need import or export in India for commerce and trade.
No one can exercise any import or export in India with importer and exporter code number.This is process of granting Import/export code (IEC) is maintained and controlled by DGFT. For eligibility and provisions of issuing by directorate general of foreign trade (DGFT) and administered by ministry of commerce in India.
For eligibility and provisions of issuing IEC by DGFT is mention under the foreign trade rules, 1993 regulated and controlled by ministry of commerce.
Covering letter on company’s letter head.
Application need to sign by every partner of a company before filing to register office of DGFT.
List of partners/ directors with complete details residential address, phone number, pin code, father’s name, letter head of company.
MOA and AOA.
Current account details of any national / international bank.
Bank certificate in appendix 18A format carrying details of bank of applicants .
Attested four photographs (passport size).
Import export code is popularly known as IEC code, which is a 10 digit number issued by DGFT in India.
IEC is a mandatory requirement to import or export from India.
India has a policy, export the goods and not the taxes and therefore, aligns various export incentives.
You can claim the refund of various taxes paid while exporting the goods.
In Some case, government even waive the import duties.
There is a complete online process for IEC registration • You don’t need to fear bureaucracy anymore.
Only 4 docs required Copy of PAN card Copy of ID Proof Passport size photo Cancelled Cheque
IEC once issued, is issued for lifetime.
There is no renewal fees for IEC registration.
IEC registration is mandatory if you are dealing in import and export.
There is no compliance requirement for IEC.
There is no need to file any periodical returns etc.
It is similar to PAN card.
There is no annual maintenance fees for IEC, as there is no legal compliances prescribed.
No import or export shall be made by any person without an importer / exporter code number unless specifically exempted.
An exporter/ importer code shall be granted on application to the competent authority. Every application for grant of import/export code shall be made by the registered head office of applicant.
In case of special units like a STPI/BTP/EHTP the regional offices of DGFT having jurisdiction over the district in which the registered head office of the special unit is located shall issue or amend the importer/exporter codes.