How to find Import Export Code of a Company?

How to find Import Export Code of a Company?

When a company engages in international trade, it is necessary to obtain an Import-Export Code (IEC) from the Directorate General of Foreign Trade (DGFT) in India. The IEC is a unique 10-digit code that serves as a primary identification number for the company's import and export transactions. Without an IEC, a company cannot participate in international trade.

In this article, we will discuss how to find the Import-Export Code of a company.

What is an Import-Export Code (IEC)?

An Import-Export Code (IEC) is a unique 10-digit code that is issued by the Directorate General of Foreign Trade (DGFT) in India. This code is used to identify the company during import and export transactions. It is a mandatory requirement for any company that wishes to participate in international trade.

The IEC is a one-time registration process that is valid for a lifetime. It is issued to the applicant company within 5-10 working days of submission of the application, provided all the documents are in order.

Why is an Import-Export Code (IEC) important?

An IEC is important for the following reasons:


  1. Legal requirement: An IEC is a legal requirement for any company that wants to engage in import and export activities. Without an IEC, the company cannot participate in international trade.
  2. Identification: An IEC serves as a primary identification number for a company's import and export transactions. It helps in tracking the company's international trade activities.
  3. Government benefits: Many government schemes and benefits are available to companies that have an IEC.
  4. Global recognition: An IEC is recognized globally and helps in establishing the credibility of the company in the international market.

How to find the Import-Export Code (IEC) of a company?

There are several ways to find the Import-Export Code (IEC) of a company. Let us discuss each of these methods in detail.

  1. Check the company's website

Many companies list their IEC on their website. This information can usually be found in the "About Us" section of the website. If the IEC is not listed on the website, you can try contacting the company's customer support to obtain the IEC.

  1. Check the Shipping Bill

If you have access to the company's shipping bill, you can find the IEC on the bill. The IEC is mentioned in the "Importer Exporter Code" field of the shipping bill.

  1. Check the Bill of Entry

If you have access to the company's Bill of Entry, you can find the IEC on the bill. The IEC is mentioned in the "Importer Exporter Code" field of the Bill of Entry.

  1. Check the company's Import-Export License

If the company has an import-export license, the IEC is mentioned on the license. You can ask the company for a copy of the license to obtain the IEC.

  1. Check the DGFT website

The DGFT website maintains a database of all the registered IECs. You can search for the IEC of a company by entering the company's name, address, or PAN number. This method is particularly useful if you do not have access to any of the company's documents.

To search for the IEC of a company on the DGFT website, follow these steps:


  1. Go to the DGFT website (http://dgft.gov.in/).
  2. Click on "IEC" in the "Services" menu.
  3. Click on "IEC Online Application" in the dropdown menu.
  4. Click on "Search IEC" in the "IEC Enquiry" section.
  5. Enter the company's name, address, or PAN number in the search field

 


Created & Posted by Pooja

Income Tax Expert at TAXAJ

 

TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you a One Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. For any further queries related to this or anything else visit TAXAJ

 

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