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Import Export Code Registration (IE Code)

Start your Private Limited Company (Pvt Ltd) Registration process online at the Reasonable Price.

₹ 1000 /-

excl of GST  

What is Import Export Code (IE Code)?

The Import and Export Code (IEC) is a 10-digit identifying number provided by India's Directorate General of Foreign Trade. For companies involved in international trade, it is an absolute necessity that makes it easier for products and services to be imported and exported.

The IEC serves as an essential document for customs authorities, allowing for smooth cross-border transactions. The IEC, which is governed by the overseas commerce (Development and Regulation) Act of 1992 and the Foreign Trade Policy, acts as a complete record that documents a business entity's participation in overseas commerce.

It is critical in monitoring and regulating the cross-border movement of commodities and services, contributing to the transparency and efficiency of India's international commerce environment.

Benefits of Registering as an Import- Export Code

Obtaining an Import Export Code (IEC) provides various benefits to enterprises engaged in international trade. For starters, it provides a unique identifier, which is required for customs clearance and for importing or exporting goods.

The IEC makes transactions simple, allowing firms to increase their global reach. Furthermore, it boosts reputation, establishing trust in overseas clients and partners. Businesses that have an IEC can take use of a variety of benefits, such as government initiatives, incentives, and subsidies targeted at increasing international trade.

It simplifies documentation processes, reducing the difficulties of cross-border operations. Furthermore, an IEC is required for creating a foreign bank account, which facilitates smooth financial transactions. Obtaining an IEC is, in essence, a critical step for organizations looking to engage in seamless and compliant international commerce activities.

Documents Required for Import Export Code Registration

The Directorate General of Foreign Trade (DGFT) of India issues the Import Export Code (IEC), a distinct 10-digit code. The following documents are normally required for acquiring an IEC:
Individual or business PAN Card:
PAN card copy of the individual or business organization applying for the IEC.
Identity Proof:
A copy of the Aadhar card (for people) or the entity's identity proof (for enterprises).
Address Verification:
A copy of the applicant's passport, voter ID, or utility bills (electricity/water/telephone).

Bank Certificate or Cancelled Cheque:
A canceled check or a bank certificate that includes the applicant's name, bank account number, and IFSC code.
Digital Photograph:
Passport-sized photograph of the applicant (in the case of individuals).
Authorization Letter (if applicable):
If the application is submitted by an authorized representative, an authorization letter is required.
Certificate of Incorporation (For Companies):
The Registrar of Companies (RoC) issues a Certificate of Incorporation to businesses.
Memorandum of Association (for Businesses):
MOA outlining the company's goals.
Partnership Agreement (for Partnership Companies):
Partnership agreement for a partnership firm.
Trade License (for Sole Proprietors):
For proprietorship enterprises, a trade license granted by the local municipality or other competent government is required.
Export-Import Code Acknowledgement:
After submitting the online application, a printout of the IEC acknowledgment is generated.

Who is Eligible for Import Export Code Registration?

Individuals:
• Sole proprietorship
• Freelancers
• Professionals (eg : Doctors, lawyers)

Business individuals:
• Private Limited Companies
• Public limited Companies
• Limited Liability Partnerships
• Partnership Firms
Producers & Manufacturers:
Entities engaged in the manufacturing or production of items for export.
Merchants & Traders:
Entities involved in the trading or marketing of goods.
Service Providers (registered for service tax):
Service providers with a turnover over a certain threshold must get an IEC before exporting services.
E-commerce Businesses:
E-commerce platforms and businesses engaging in international trading.
Export-Import Agencies or Organizations:
Agencies or organizations that facilitate export-import transactions on others' behalf.
Startups and Small Businesses:
Startups and small businesses interested in expanding into international trade.

Filings for Import Export Code

1. Determine Eligibility:
  • Verify eligibility according to the kind of organization or person engaged in global trade.
2. Prepare Documents:
  • Collect all relevant documents, such as your PAN card, identity and address proofs, bank information, and business entity-related paperwork.
3.Online Request Form:
  • Fill out the IEC application form completely and attach the necessary paperwork via the Directorate General of Foreign Trade (DGFT) website.
4. Fee Payment:
  • Pay the fees as stipulated by the DGFT online.
5. IEC Acknowledgement:
  • After a successful submission, an IEC acknowledgment is generated.

ComplianceCompliance for Import Export Code

1. Display IEC:

Display the IEC prominently at the company premises once it has been obtained.

2. Update Information on a Regular Basis:

Notify the Directorate General of Foreign Trade (DGFT) immediately of any changes in business details, address, or key staff.

3. Regulation Compliance:

Ensure compliance with all necessary international trade legislation and guidelines.

4. Renewal:

Renew the IEC according to the renewal period, which is commonly every 1 to 5 years.

5. Maintaining Records:

Maintain detailed records of foreign transactions, imports, and exports.

Closure for Import Export Code

1. Notify DGFT:

If the company plans to close, notify the DGFT in writing of your desire to surrender the IEC.

2. Surrender Application:

Complete the surrender application via the DGFT portal, supplying all essential information.

3. Clear Dues:

Pay off any outstanding debts or commitments related to the IEC.

4.Closure Certificate:

Obtain a closure certificate from the DGFT, which confirms the IEC's closure.

5.Remove Display:

Take down the IEC display from the company's workspace.

Why Choose SHR for Your Import Export Code Registration?

Experienced Guidance:
SHR offers experienced guidance to streamline your company's IEC registration process.
Personalized Support:
Obtain tailored support that addresses your specific needs throughout the registration process. Trust us to be there for you, providing individualized support that is ideally tailored to your entrepreneurial journey.
Document Security:
SHR guarantees the secrecy and security of your critical IEC registration documents. We secure your vital data with encryption and secure storage.

Financial Focus:
We emphasize your financial interests and provide cost-effective solutions that meet regulatory requirements.
Time-Efficient Process:
Choose SHR for a quick and easy IEC registration process that saves you time and ensures hassle-free compliance. From speedy processes to prompt responses, we are dedicated to saving you time and allowing you to focus on what is most important.

Compliance for Private Limited Company

1. Board Meetings and Annual General Meetings:
As part of their compliance requirements, private limited firms must hold board meetings and an annual general meeting (AGM). There must be a record of these meetings' minutes.
2. Certificates of Compliance:
These documents attest to an organization's compliance with a number of legal criteria and may be imposed of companies.
3. Modifications to the Company Structure:
Regulatory organizations should be notified of any modifications to the company's structure, including changes to the registered office address, share capital, or directors.
4. Event-Based Filings:
When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

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