IEC REGISTRATION (Importer-Expurter Code)

A crucial corporate identification number that is required for both imports and exports is the Importer-Exporter Code (IEC). The Ministry of Commerce's Directorate General of Foreign Trade (DGFT) issues IEC Numbers. Unless otherwise exempt, no person may export or import without first obtaining an IEC.

Why is IEC registration required?

It is necessary to have an Importer-Exporter Code (IEC) in order to import into or export from India. For a company engaged in import or export, it is an important business identifying number. Unless otherwise exempted, a person or company is not permitted to import or export without first obtaining an IEC.

What is the cost of IEC registration?

IECs are issued in accordance with the PAN of the company, as a result of the implementation of GST. DGFT will still issue the IEC individually based on an application, nevertheless. Any of the following business structures may be used to get an IEC: proprietorship, partnerships, limited companies, trusts, HUFs, and societies.

Is bank account mandatory for IEC registration?

To import and export products and services, you must have the 10-digit IEC code. Regarding the present account, getting an IEC code is not required. However, when doing business internationally, having a current account can be advantageous.

How do I verify my IEC certificate?

verify IEC online :

Go to the Services area of the ICEGATE website and select User Login.

You will be taken to a new user login window after selecting the user login/signup tab.

From the list of services available, choose Check IE Code/BIN status after logging in with correct credentials.

How to Apply for IEC Code Online 

The steps for IEC Registration Process are as follows:

 1 IEC Code Procedure

1.1 Step 1: Go to the DGFT Website.

1.2 Step 2: Go to the Services tab.

1.3 Step 3: Enter your PAN number.

1.4 Step 4: Enter the relevant details.

1.5 Step 5. One Time Password (OTP) Verification Process.

1.6 Step 6. Update Entity Details.

1.7 Step 7. Add Branch Details.

1.8 Step 8: Fill-up the Director/Partner details.

1.9 Step 9: Attach the scanned copies of the necessary documents.

1.10 Step 10: Fee Payment.

1.11 Step 11: Preview and Print application.

1.12 Step 12: Submission.

2 Format of IEC certificate.

What is the validity of IEC certificate?

An applicant's IEC will always be valid, but in order to keep it from being deactivated, it must be updated once a year. There is no fee for updating the IEC if it is done during the annual April–June timeframe.

Where is IEC used?

IEC standards include a wide range of technologies, including semiconductors, fiber optics, batteries, solar energy, nanotechnology, maritime energy, household appliances, office equipment, and power generation, transmission, and distribution.

Iec registration process india pdf

The procedures for obtaining an Importer Exporter Code (IEC) in India are as follows:

Log in to the Directorate General of Foreign Trade (DGFT) website.

Click Apply for IEC.

Click Start Fresh Application.

Enter general information, including:

Proprietor/partner/director/Karta/managing trustee details

Bank information

Attach a Digital Signature Certificate (DSC).

Make the payment.

Enter the OTP received on the mobile number and email ID.

Upload documents.

To download the IEC certificate, you can: 

⦁ Go to the DGFT website.

⦁ Select IEC Profile Management under Services in the menu.

⦁ Scroll down to the Print IEC tab.

⦁ Log in with your username, password, and CAPTCHA code.

To link an Aadhar card with an IEC, you can:

⦁ Enter the IEC number and click Validate.

⦁ Once the validation is complete, click Validate with DSC / e-Sign with Aadhaar Card.

What documents do I need IEC?

Prepare to present the aforementioned documents:

⦁ your travel document.

⦁ your Letter of Port of Entry (POE).

⦁ evidence of finances.

⦁ evidence of health coverage.

⦁ a ticket for your departure from Canada, or the money to buy one, and copies of the paperwork you submitted with your application for a work permit.

What is the cost of IEC renewal?

The IEC certificate is only good for a single year. The import export license needs to be renewed prior to its expiration. The IEC code renewal cost is ₹1499.

How long does it take to process IEC application?

It will take five months from the moment the application is submitted by the Canadian government to the issuance of the permanent residence visa, taking into account the processing timeline of the CEC Express Entry Program. The complexity and completeness of your application are two things that could impact how long it takes to process.

How do I verify my IEC certificate?

Here are the steps to verify your IEC code online:

⦁ Check out the ICEGATE webpage.

⦁ In the Services section, select the User Login button.

⦁ After entering your legitimate credentials, click the "Login" button.

⦁ Choose Check IE Code/BIN status from the list of services accessible after logging in.

The website of the Directorate General of Foreign Trade (DGFT) allows you to also monitor the progress of your IEC application. Here's how to do it: 

⦁ Check out the ICEGATE Portal.

⦁ Select the User Type option under the Services Tab.

⦁ Choose Verify IEC/BIN Status.

⦁ Check the DGFT Headquarters' IEC code.

⦁ Check the Status of IEC Codes at DGFT

How can I print my IEC certificate?

⦁ Check out the DGFT webpage.

⦁ Select 'Services' from the homepage menu.

⦁ From the drop-down menu, pick 'IEC Profile Management'.

⦁ There will be a new page opening. On the page, select the 'Print IEC' option.

⦁ After checking your information, press the "Print IEC" button.

How do I renew my IEC certificate?

⦁ Complete the form and send the money. 

⦁ An IEC specialist will contact and confer with you. 

⦁ DSC and any required paperwork will be supplied by the client. 

⦁ An application prepared by an IEC expert will be submitted on the DGFT portal. 

⦁ Best wishes! Your IEC has been updated, and a new certificate will be issued. 

What happens if IEC is not updated?

The IEC will be deactivated and export/import transactions will not be permitted against the specified IEC if the IEC holder does not update their IEC by the end of June. Nonetheless, the applicant may follow the instructions for upgrading the IEC if the IEC holder wants to reactivate the IEC.

What is the cost of IEC activation?

The most recent notification states that the application fee for an IEC code is Rs 500. This can be paid online using e-wallets, Net Banking, credit or debit cards, or e-wallets. Thus, the official or government charge to obtain an IEC code in India is 500 rupees.

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