#ie code

The import and Export Code is a 10 digit unique number issued by the Directorate General of Foreign Trade (DGFT) to a business entity for import and export in India. The Import and Export Code helps the business to grow in the global market. In order to clear customs duties, the trader must ensure that the importing entity has an IE code and GST registration before commencing the import of the goods.

If an importer does not have both an IE code and a GST registration, the goods will be stuck at the port and start paying demurrage or may get destroyed.

The IE code once issued is valid during the existence of the unit and there is no need to renew the code.

Importance of Import Export Code

International Market Unlocks: Since IE codes are a requirement for import and export business, they allow products to reach the international market. IE Code facilitates entry into Indian business internationally and opens doors for growth and expansion.

Online Registration: The process to find the IE Code is completely online and hassle-free with little document submission.

Less Document Requirement: Very few documents are required to get IE code in India. Here is the list of mandatory documents required to obtain the Import Export Code.

PAN of the applicant

Cancelled Cheque

Passport size photo of the applicant

Address proof of the applicant

Lifetime Validity: IE Code is a lifetime registration which is valid as long as the business is in existence. Hence, there is no problem in updating, filing and renewing the Import Export Code registration. IE registration is valid till the business ceases to exist or the registration is cancelled or surrendered.

Reduces Illegal Goods Transportation: The most basic requirement for an import-export code is that you need to provide authentic information. IE code cannot be obtained without providing proper information. This criterion makes the transportation of illegal goods impossible.

Benefits of the Schemes: IE code has huge benefits for both importers and exporters. Registered business entities will be able to get benefits in the form of subsidies from Customs, Export Promotion Council or other authorities. With LUT filing under GST, exporters can export without paying taxes. If the export is made with payment of tax, the exporter can claim a refund of the tax amount paid.

Compliance: Unlike other tax registrations, the person importing or exporting is not required to meet any specific compliance requirement such as annual filing or return filing.

Documents Required for IE Code Application

Proprietorship

Digital Photograph (3x3cms) of the Proprietor.

Copy of PAN card of the Proprietor.

Copy of Passport (first & last page)/Voter’s I-Card/ Driving Licence/UID (Aadhar card) (any one of these).

Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case office is rented/ leased; or latest electricity /telephone bill.

Bank Certificate as per ANF 2A(I)/ Cancelled Cheque bearing preprinted name of applicant and A/C No.

Partnership firm

Digital Photograph (3x3cms) of the Managing Partner.

Copy of PAN card of the applicant entity.

Copy of Passport (first & last page)/Voter’s I-Card /UID (Aadhar Card) /Driving Licence/PAN (any one of these) of the Managing Partner signing the application.

Copy of Partnership Deed.

Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case office is rented/ leased; or latest electricity /telephone bill.

Bank Certificate as per ANF 2A (I)/Cancelled Cheque bearing preprinted name of the applicant entity and A/C No.

LLP or Private Limited Company or Section 8 Company

Digital Photograph (3x3cms) of the Designated Partner/Director of the Company signing the application.

Copy of PAN card of the applicant entity.

Copy of Passport (first & last page)/Voter’s I-Card /UID (Aadhar Card) /Driving Licence/ PAN (any one of these) of the Managing Partner/Director signing the application.

Certificate of incorporation as issued by the RoC

Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case office is rented/ leased; or latest electricity or telephone bill.

Bank Certificate as per ANF 2 A(I)/Cancelled Cheque bearing preprinted name of the company and A/C No.

Society or Trust

Digital Photograph (3x3cms) of the signatory applicant/Secretary or Chief Executive.

Copy of PAN card of the applicant entity.

Copy of Passport (first & last page)/Voter’s I-Card /UID (Aadhar Card) /Driving Licence/ PAN (any one of these) of the Secretary or Chief Executive/ Managing Trustee signing the application.

Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case office is rented/ leased; or latest electricity /telephone bill.

Registration Certificate of the Society / Copy of the Trust Deed

Bank Certificate as per ANF 2A(I)/Cancelled Cheque bearing preprinted name of the Registered Society or Trust and A/C No.

HUF

Digital Photograph (3x3cms) of the Karta.

Copy of PAN card of the Karta.

Copy of Passport (first & last page)/Voter’s I-Card/ UID (Aadhar card)/ Driving Licence (any one of these) of the Karta.

Sale deed in case business premise is self-owned or Rental/Lease Agreement, in case office is rented/ leased or latest electricity /telephone bill.

Bank Certificate as per ANF 2A(I)/ Cancelled Cheque bearing preprinted name of applicant and A/C No.

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 the 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 activity and in such case, IEC would be either suspended or cancelled.

An e-IEC holder needs to update his profile immediately after the issuance of the e-IEC.

ANF-1 of the Handbook of Procedure contains the profile of the importer/ exporter.

Every IEC holder is responsible for updating his 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 a year.

Documents Required For Importer Exporter Code

Pan Card

Aadhaar Card

Incorporation Certificate

Cancelled Bank Cheque

Electricity Bill

Rental Agreement

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IEC code is a 10 digit number that is required to import and export from India. Importing and exporting are two of the most essential components of international trade. All the countries in the world import goods that are not produced efficiently in the domestic market as efficiently as in the exporting country. So in simple terms, the process of buying and selling products and services in international markets is defined as import&export. 

You need to get an import-export license if you want to import and export anything to and from India. In India, IEC is mandatory to deal in the import and export of goods. As passports are required to travel abroad similarly, the IEC code is necessary for selling and buying products outside the home country. Import and export code is a 10 digit number that is granted by the Director-General of Foreign Trade (DGFT). 

What are the advantages of Import export code?

To increase and expand your business in the international markets.

IEC is a permanent license and there is no need to renew this license. This is a permanent license.

To import and export in overseas companies and businesses.

What are the documents required for import & export code? 

Following are the documents that are required for IEC code-: 

PAN card of the applicant

Address proof of business premises

Electricity bills

Details of Directors/partners

A digital signature of the applicant

Canceled cheque

Copy of bank account