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The Import Export code registration is mandatory for any individual or business engaged in importing and exporting of goods. In the absence of an IEC one cannot import or export.
The IEC is a 10-digit code issued by the Director General of Foreign Trade. Once issued it has permanent validity throughout India.
There is no need for any filing related to the transaction of goods imported or exported while using this IEC Code.
The application for the IEC will have to be done by filing the Aayaat Niryaat Form 2A (ANF 2A) to the regional authority of the Director general of Foreign trade in whose regional jurisdiction the registered office of the business is situated.
Step 1- Once the application has been submitted, you will be getting the certificate in 3 business working days in the IEC portal
Step 2- Further the certificate will be received with all the verification in the Government Side mail will be sent to you.
Step 3- PAN Number will be your IEC number after the registration process is done successfully.
FAQs On Import Export Code Registration
1. What is an importer exporter code (IEC)?
IEC is a code required by business who are involved in imports and exports in India.
2. Under what circumstances importer exporter code is not required?
Under these circumstances importer exporter code is not required:
Import/export of goods for personal use, which is not connected with trade, manufacture or agriculture.
Import/export by government ministries and departments, and certain notified charitable organisations.
3. Who has to get IE Code?
Any Person who is involved in import and export of goods and services in India must get a importer exporter code (IEC).
4. Are there any filings after the obtainment of IE Code?
The IE code is just a code. Once you have it, you can begin importing and exporting. You don’t need to file the transactions done under this code or pay any taxes.
5. What is the validity of an IE code?
An IE code is valid for lifetime and thus it doesn’t require a renewal.
6. How much time does it take to get an IE code?
Generally it takes 3 to 7 days to get the IE code after the submission of all required documents and application
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Please note that Clidel Services private limited is platform for facilitating services through reliable professionals. The information on this website is for the purpose of knowledge only and should not be relied upon as legal advice or opinion.
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