IEC – Import Export Code Registration is now easy when done by FileFunda. We provide quick and affordable service to register your IEC – Import Export Code through 100% online process (WhatsApp your documents we will do the rest).
Import Export Code (IEC) registration is required for Cross-selling of Goods and/or Services from India (Outside the Domestic Boundaries). It is mandatory for all Importers / Exporters to mention their Import Export Code while Importing / Exporting Goods and/or Services from / in India.
IEC is a 10 digit Code and Import Export License Certificate issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India to Indian Companies. The task of regulating foreign trade in India is managed by the DGFT. Part of the larger Ministry of Commerce and Industry, the governmental body is responsible for the formulation of trading policies, regulatory framework and issuance of licenses.
IEC Registration supports the growth and development of your organizations/business to a certain standard. It also helps you to expand your business worldwide by taking your product or services to the International market.
The Companies could avail several benefits/subsidies of their imports / exports from the DGFT, Export Promotion Council, Customs, etc., on the basis of their IEC registration.
Import Export Code (IEC) once issued can be used by the entity throughout its existence and do not require any renewal or filing. Once the Company/Organizations obtained IEC then they can perform all their Import/Export requirements without any issues.
Unlike other government documents, IEC does not need to file any returns to the DGFT department. This is a maintenance free document. Once the IEC is obtained there is no need to file the returns even if you perform or not perform any Import or Export transaction.
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*Subject to Government Processing Time
Any person who intends to import or export goods and services from or to India must obtain Import export Code, one can apply ie code online and get their IE code certicicate or IE code license online.
After submitting all the requisite documents IEC is typically allotted by DGFT in same day. It is not necessary to show proof of any import or export to obtain IE Code. Now a days, as IEC can be partially applied online with the help of digital signature or Adhaar OTP.
IEC is only a license permitting the import and export of goods. Therefore, no return is required to be filed under IEC code.
No, tax is not levied on Import Export Code. However, custom duty maybe levied. Custom duty depends to the category of the products imported or exported.