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An Importer Exporter Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC. For services exports however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy. An individual or a business entity needs a 10 digit code to import or export products or services. This code is known as Import Export Code or IEC and it is issued by DGFT, Ministry of Commerce and Industries, Govt. of India.
Service Charges – ₹1499 + 18% GST = ₹1769
Govt Fees – ₹500
To update the modification on the DGFT portal, it usually takes 1-5 days. Following the completion of the update, one fresh IEC Certificate will be issued by the DGFT.
No, the applicants don’t need to visit any Govt. office during the process. All you need is an internet connection in your Smartphone/Computer and the required documents with you. Online Legal India is an online platform where you can get the job done even if you are present at the remotest location of India.
- Cancelled cheque
- Aadhaar Card
- PAN Card
- Digital Signature Certificate
Documents Required
IMPORT EXPORT CODE LICENSE
In this age of cut-throat competition, everyone wants to grow their business beyond the limits of the domestic market. Doing business globally is more easy now-a-days due to the advent of internet and technology. However, before going business globally, you need to follow several procedures and laws and get various registration and license. IEC (Import Export Code) license is one of such prerequisites when you’re thinking of importing into 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 importer 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.
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Frequently Asked Questions (FAQs)
An Importer Exporter Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC. For services exports however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy. An individual or a business entity needs a 10 digit code to import or export products or services. This code is known as Import Export Code or IEC and it is issued by DGFT, Ministry of Commerce and Industries, Govt. of India.
Service Charges – ₹1499 + 18% GST = ₹1769
Govt Fees – ₹500
To update the modification on the DGFT portal, it usually takes 1-5 days. Following the completion of the update, one fresh IEC Certificate will be issued by the DGFT.
No, the applicants don’t need to visit any Govt. office during the process. All you need is an internet connection in your Smartphone/Computer and the required documents with you. Online Legal India is an online platform where you can get the job done even if you are present at the remotest location of India.
- Cancelled cheque
- Aadhaar Card
- PAN Card
- Digital Signature Certificate
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