Import Export Code Registration Documents

Import Export Code Registration Documents

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.

Documents required for IEC (Import Export Code) Registration

For IEC Code Registration, the  following documents are required:
  • Individual’s or Firm’s or Company’s copy of PAN Card.
  • Individual’s voter id or Aadhar card or passport copy.
  • Individual’s or company’s or firm’s cancel cheque copies of current bank accounts.
  • Copy of Rent Agreement or Electricity Bill Copy of the premise.
  • A self-addressed envelope for delivery of IEC certificate by registered post.

Procedure for obtaining Import and Export Code

  • Exporters/importers shall file an online application in form ANF 2A.
  • The applicant is required to submit only two documents one is the address proof and other is the pre-printed cheque or bank certificate
  • Once the online application is submitted, along with appropriate fees and requisite documents, IEC will be auto-generated.
  • Intimation regarding allotment of IEC will be sent to an applicant via SMS and E-mail along with a hyperlink through which the e-IEC can be downloaded and printed.
  • Regional Authority would conduct post-verification of the online IEC as per the guidelines. In case there is any wrong/incomplete information being furnished, the applicant would be liable for penal/criminal action and in such case, IEC would be either suspended or cancelled.
  • An e-IEC holder needs to update his profile immediately after issuance of e-IEC.
  • ANF-1 of the Handbook of Procedure contains the profile of the importer/ exporter.
  • Every IEC holder is responsible for updating its profile, immediately. Further, in case of any change in IEC or in any other case, the profile updation needs to be done at least once in a year.

Created & Posted by (Anuj)

CA-Article at TAXAJ

TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you with 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 visits TAXAJ

Watch all the Informational Videos here: YouTube Channel

TAXAJ Corporate Services LLP

Address: 1/11, 1st Floor, Sulahkul Vihar, Old Palam Road, Dwarka, Delhi-110078

Contact: 8961228919 ; 8802812345 | E-Mail: connect@taxaj.com

    • Related Articles

    • Import Export Code Registration Charges

      Fee for IEC Code Registration in India IEC code number registration fee is worth Rs. 250.00 and can be paid via EFT (Electronic Fund Transfer), and submit the IEC Online Application form. For an instant, the physical application containing required ...

    • 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 ...

    • Import Export Code - Features, Benefits and Registration Process

      Import Export Code - Features, Benefits and Registration Process Import Export Code or IEC is a 10-digit code that a business or a person needs to import/export goods/services. This code is issued by DGFT (Director General of Foreign trade), Ministry ...

    • 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 ...

    • Import Export Code Meaning

      For every business to successfully transact an import or export transaction, you need to follow specific rules and laws. Import Export Code (IEC number) license is one requirement that a business must complete for an import or export business in ...