Import Export Code (IEC) Registration

  • Home
  • Services Details
titile image
Import Export Code (IEC) Registration

The IEC (Import Export Code) registration process in India is crucial for businesses engaged in international trade. Here's a detailed description of the process typically followed, as guided by Amit K Chawla & Co.:

  1. Understanding IEC: Import Export Code is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It's a mandatory requirement for businesses engaged in importing or exporting goods and services from India.

  2. Eligibility Check: Before initiating the registration process, ensure that your business is eligible for IEC. Most businesses are eligible unless they are dealing with restricted or prohibited goods, or if they are involved in certain categories of services.

  3. Documentation: Gather the necessary documents required for Import Export Code registration. Common documents include:

    • PAN card
    • Aadhaar card
    • Passport-sized photographs
    • Cancelled cheque or bank certificate
    • Bank account details
    • Memorandum and Articles of Association (for companies)
    • Partnership deed (for partnerships)
    • Identity and address proof of the proprietor/partners/directors
  4. Online Application: Visit the DGFT website and fill out the online application form for IEC registration (Form ANF-2A). Provide accurate information and ensure all fields are filled correctly.

  5. Digital Signature: Attach a digital signature to the application form. This is mandatory for online submission and ensures the authenticity of the application.

  6. Payment of Fees: Pay the prescribed fee for IEC registration. The fee varies depending on the category of the applicant, such as individual, partnership, company, etc.

  7. Submission of Application: After completing the application form and payment, submit the application online on the DGFT portal.

  8. Processing Time: The processing time for IEC registration is typically short, usually within 1-2 working days from the date of submission of the application.

  9. Verification: In some cases, the DGFT may conduct a verification process, which could involve a physical verification of the business premises or documents.

  10. Issuance of IEC: Once the application is approved and all verification processes are completed satisfactorily, the DGFT will issue the IEC certificate electronically. This certificate is valid for a lifetime unless surrendered or revoked.

  11. Post-IEC Registration Compliance: After obtaining the IEC, ensure compliance with all relevant laws and regulations governing international trade. This includes timely filing of returns, maintaining accurate records, and adhering to import-export norms.

It's essential to follow the process meticulously and accurately to avoid any delays or complications in obtaining the IEC. Additionally, seeking guidance from a qualified professional like CA Amit K Chawla & Co. can help ensure a smooth and hassle-free registration process. Call us today at +91-9044742447.