How to Generate Import Export Code

How to Generate Import Export Code

In this age of cut-throat competition, everyone wants to grow their business beyond the limits of the domestic market. However, doing business globally isn’t just a cup of tea for everyone. Before going global, you need to follow several procedures and laws in place and get different registration and license. IEC (Import Export Code) license is one of such prerequisites when you’re thinking of importing or exporting from India. It is also known as Importer- Exporter Code.

IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code that has lifetime validity. Predominantly importers merchants cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.

Steps Involved in IEC (Import/Export Code) Registration

  • Visit the DGFT website.
  • Click on the ‘Services’ tab on the homepage.
  • Select the ‘IEC Profile Management’ option from the drop-down list.
  • A new page will open. Click on the ‘Apply for IEC’ option on the page.
  • Click on the ‘Register’ option. Enter the required details and click on the ‘Sent OTP’ button.
  • Enter the OTP and click on the ‘Register’ button.
  • Upon successful validation of the OTP, you will receive a notification containing the temporary password which you can change after logging into the DGFT website.
  • After registering on the DGFT website, login to the website by entering the user name and password.
  • Click on the ‘Apply for IEC’ option on the DGFT website.
  • Fill the application form (ANF 2A format), upload the required documents, pay the required fees and click on the ‘Submit and Generate IEC Certificate’ button.
  • The IEC code will be generated by the DGFT. You can take a printout of your certificate once the IEC code is generated

Created & Posted by Pooja

Income Tax Expert at TAXAJ

 

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