Domiyance Finance Consultancy LLP
As IEC registration is one-time and requires no additional compliance, it is recommended for all exporters & importers to obtain IE code after incorporation. In our package, we provide consultancy in documentation and information, Applying for IEC online and follow-up for IEC Approval.
An Importer Exporter Code (IEC) is crucial business identification number which is mandatory for export from India or Import to India. Unless specifically exempted, any person shall make no export or import without obtaining an IEC. For services exports, however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy. Consequent to the introduction of GST, IEC being issued is the same as the PAN of the Firm. However, the IEC will still be separately published by DGFT based on an application. If an importer does not have both IE code and GST Registration, the goods will be stuck at the port and start incurring demurrage charges or could be destroyed.
Businesses have a great option to enter the international market with the export and import of the products and the services they are involved in. The IE code is an essential requirement while entering the global market as it supports the growth and development of the business to a certain extent. There are various advantages of getting an Import Export Code. Here we have listed a few of them:
The procedure to get the Importer Exporter Code Certificate is explained in detail below:
Step1: Visit the official DGFT website. Click on the ‘Services’ tab on the homepage and Select the ‘IEC Profile Management’ option from the drop-down list.
Step2: A new page will open. Click on the ‘Apply for IEC’ option on the Page.
Step3: Click on the ‘Register’ option. Enter the required details and click on the ‘Sent OTP’ button.
Step4: Enter the OTP and click on the ‘Register’ button.
Step5: Upon successfully validating the OTP, the User will receive a notification containing the temporary password, which can change after logging into the DGFT website.
Step6: After registering on the DGFT website, log in to the website by entering the user name and password.
Step7: Post login, click on “Apply for IEC” on the Dashboard. Click on the “Start Fresh Application” button or the “Proceed with Existing Application” button if the User has already saved a draft application.
Step8: Fill out the application form (ANF 2A format), and Enter the details in the General Information Section:
Step9: Under the declaration, accept the terms and conditions by clicking on the check box.
Step10: Check the Application Summary and click on the Sign button to sign the Application using a digital signature certificate or Aadhaar.
Note: These details will be verified in real-time from the CBDT database.
Step11: Confirm and proceed to make the payment against the Application.
Step12: After Successful Payment, the Page shall be redirected to the DGFT Website, and the receipt shall be displayed; the User can also download the ticket.
The list of scanned documents required for IEC Registration is listed as follows:
Proof of establishment/ incorporation/ registration: The following type of Firm needs to submit the establishment/incorporation/registration certificate:
Proof of Address: Proof of Address can be any one of the following documents:
Other acceptable documents (for proprietorship only):
Note: In case the address proof is not in the Name of the applicant firm, a no objection certificate (NOC) by the firm premises owner in favor of the Firm, along with the address proof, is to be submitted as a single PDF document.