How to generate Import Export Code?

How to generate Import Export Code?

An import export code is a unique 10-digit code that is required for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal. IEC is required by importers to clear customs and shipments and to transfer money to foreign banks. Exporters require their IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.

Process for IEC (Import/Export Code) Registration

  1. Visit the DGFT website.
  1. Click on the ‘Services’ tab on the homepage.
  1. Select the ‘IEC Profile Management’ option from the drop-down list.
  1. A new page will open. Click on the ‘Apply for IEC’ option on the page.
  1. Click on the ‘Register’ option. Enter the required details and click on the ‘Sent OTP’ button.
  1. Enter the OTP and click on the ‘Register’ button.
  1. 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.
  1. After registering on the DGFT website, log in to the website by entering the user name and password.
  1. Click on the ‘Apply for IEC’ option on the DGFT website.
  1. Fill out the application form (ANF 2A format), upload the required documents, pay the required fees and click on the ‘Submit and Generate IEC Certificate’ button.
  1. The IEC code will be generated by the DGFT. You can take a printout of your certificate once the IEC code is generated.

Documents required

For IEC Code Registration, the  following documents are required:

  1. Individual’s or Firm’s or Company’s copy of PAN Card.
  1. Individual’s voter id or Aadhar card or passport copy.
  1. Individual's or company's or firm's cancel cheque copies of current bank accounts.
  1. Copy of Rent Agreement or Electricity Bill Copy of the premise.
  1. A self-addressed envelope for delivery of IEC certificate by registered post.

 



Created & Posted by Pooja

Income Tax Expert at TAXAJ

 

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