Import Export Code (IEC) Registration Online

IEC Registration is necessary for those who want to start an import/export business in India. The required documents for IEC Registration (Import Export Code) are needed to be submitted. Registering for Import Export Code (IEC) in India is mandatory for all Indian companies that engage in or plan to expand their business activities through import and export operations. This online registration process is a unique 10-digit license mandatory for companies and businesses involved in import-export transactions within India's borders. It is issued by the Director-General of Foreign Trade (DGFT) under the Department of Commerce in India.

IEC, or Import Export Code, is mandatory for Indian companies that want to expand their business activities through import and export operations. It is granted by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industries. The Import Export Code is a unique ten-digit code issued to regulate and manage foreign trade operations in India.

To engage in import and export activities in India, it is necessary to obtain IEC registration, as no business can engage in import-export activity without obtaining an IEC code license. Additionally, getting IEC code registration is required if a company wants to extend its business operations to include import-export activity. This can also benefit the business through government schemes. The Reserve Bank of India has made obtaining an import-export code license mandatory for all traders, and Import Export Code is necessary during all transaction procedures.

In today's competitive business market, companies have to compete with each other to stand out. In addition, with the emergence of e-business and new innovations in business operations, businesses operating in domestic markets find it essential to extend their business activity globally by trading abroad.

Obtaining IEC registration online in India is a one-time process, and the company can utilize the license. However, it is required for an IEC holder to electronically update their IEC every year from April to June. The holder must also update and affirm their IEC details even if no changes exist. The deadline for updating or changing IEC information for the financial year 2021-22 is June 30th. Once the organization has obtained IEC, it can expand its trading activity abroad without any issues.

• Business Expansion: With the help of an IEC license, a business can expand its operations to international markets and establish brand recognition in the global market.
• Multiple Benefits: Depending on the type of IEC registration, a business can avail of various benefits offered by the Export Promotion Council, DGFT, and Customs.
• No Return Filing: Once the IEC registration online in India is approved, there is no requirement for any return filing. Also, DGFT does not raise any issues related to filing any return in case of export transactions.
• Hassle-Free Procedure: Obtaining an IEC license from DGFT is straightforward and can be completed within 0-15 days after applying. No export or import documents are necessary for obtaining an import export code number.
• Valid for Lifetime: Once a business is registered with an IEC license, it can enjoy its benefits for a lifetime, as there is no need for any renewal process.
• Government Authorization: IEC or Import Export Code registration online is a government-authorized identity number issued by DGFT. Use it as proof of identity at the time of shipment clearance.

• Getting an IEC registration certificate is essential if you want to import or export goods and products abroad. This certificate contains information about the vendor code and the port through which the goods are exported or imported. Obtaining an IEC registration certificate can also help reduce the illegal transportation of goods, as it's challenging to get an import-export code without providing complete information about the items being traded or imported.
• Custom authorities will only allow your shipment if you have registered with an IEC number, so obtaining this certification is crucial.
• In addition, banks require an IEC registration code for foreign transactions, and exporters need an IEC registration at the customs port to ensure their shipments are cleared.
• An IEC registration in India code is also required when an exporter receives payment in foreign currency to their bank account.
• The government of foreign countries will affirm the trader based on their IEC code application process.

• The certificate of Partnership Deed/Incorporation is required.
• The PAN Card of the company or applicant is necessary.
• A copy of your Aadhar/Voter ID is also required.
• The bank account statement of the company or applicant must be provided.
• A photocopy of a driving license is required.
• A photocopy of a canceled cheque is also necessary.
• An address proof of the registered office premise is needed.

• The requirement of obtaining an import export license registration is waived for individuals who import and export goods for personal purposes and are not associated with trade, manufacturing, or agriculture.
• Business owners who export or import goods to or from Myanmar and Nepal via Indo-Myanmar border areas and China with a single shipment that is at most Rs. 25,000 are exempted from IEC registration.
• However, exemption from obtaining IEC will not apply to exporting Special Chemicals, Organisms, Materials, Equipment, and Technologies (SCOMET) as listed in Appendix - 3, Schedule 2 of ITC (HS).

• To engage in Import/Export business activities, IEC new registration is mandatory.
• IEC serves as proof of a company's involvement in the import/export of goods and products.
• Once registered, IEC is valid for a lifetime, eliminating the need for renewal.
• Individuals or government functions are not required to obtain IEC for import/export activities.
• IEC is necessary for foreign currency transactions.
• IEC is crucial for all aspects of an exporter/importer's business.

Any business participating in import-export activities in India must obtain an IEC registration. Once received, the IEC code remains valid for the lifetime of the business proprietor or the business itself. The registration process for the IEC code can be completed online through the Directorate General of Foreign Trade (DGFT) website.

Obtaining IEC registration is a step-by-step process, and the following are the steps:

1. Visit the website of the Directorate General of Foreign Trade (DGFT) at www.dgft.gov.in.
2. Click on the option 'Apply for New Import Export Code (IEC) or Modify existing IEC.'
3. Enter the PAN details of the applicant and other essential information such as name (as per PAN), date of incorporation/birth, and captcha code.
4. Click on submit.
5. Enter the mobile number and email address and generate OTP by entering the captcha code.
6. Enter the OTP and submit it.
7. Provide the E-commerce number and details such as the company's name, address, mobile number, email address, nature of the company, and business activity.
8. Enter the account holder's name, bank number, and applicant details.
9. Submit the application after entering all the information.
10. Fill in the branch details, such as branch SI. No, 6 digits PIN, and address of the branch, and update the information of the Director/Partner/Proprietor/Karta/Managing Trustee.
11. Upload the required documents such as address proof, canceled cheque, or bank certificate.
12. Make the payment and verification of the fee as prescribed in the application.
13. Preview the completed application, check it thoroughly, and click on Print Application.
14. Submit your application with DSC or without the DSC of the applicant.