Patna Consultant

IEC Code Registration

We are best consultant for IEC code registration in Patna, Import Export Code registration in Patna Bihar, and for online IEC registration services in Patna, Bihar. Import export code registration is required for exporting and importing of goods from outside of India. All business entities which are engaged in import or export of goods required this IEC code. We will give you all required information about import export code registration in this article in brief.

IEC Code Registration

IEC-RegistrationImport Export Code means, registration of business entities with Directorate of Foreign Trade (DGFT). Import export Code is a license permitting import export of goods. Import Export Code issued by Central Government of India and it is headed by Director General of Foreign Trade. Import Export Code is 10 digit code and it is valid for life time of business. Business Entities engaged in import export must have Import Export Code. Once import export code is issued by department, it is valid throughout in India. Import Export code needed when goods go through customs area. Banks also asks for Import Export Code when business entities send or receive money from abroad.

Advantage of Import Export code

  1. Provides international market for you products and services.
  2. Get subsidies from government/DGFT.
  3. IEC valid for life time of the business entities.
  4. No return filings are required.

Documents Required for Import Export Code Registration

  1. Pan card of Business.
  2. Copy of adhaar (In case of individual )
  3. Electricity Bill.
  4. Rent agreement.
  5. Cancelled Cheque of business.
  6. Bank Statement of Business.
  7. Bankers Certificate issued by Bank where account of the business is opened.
  8. Digital Signature of Authorized Persons.

Procedure of Import Export Code Registration

  1. Documents Preparation.
  2. Online filing of IEC.
  3. IEC fee payment.
  4. Certificate issued by Department

Import Export code is important for all importer and exporter. Without IEC importing or exporting is not allowed. Import Export code registration takes 5-7 days after filing application.  Government of India has made ICE registration done online. So you no need to visit our office.  You send all your documents with sign through emails or whats app. We will do your work. You can pay our fee online.

In today’s globalized economy, international trade plays a significant role in driving economic growth and expansion for businesses. The Importer Exporter Code (IEC) is a unique identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, that facilitates cross-border trade activities. In this blog, we will delve into what IEC code registration entails, its significance for businesses engaged in import and export activities, and the step-by-step process for obtaining it in India.

Chapter 1: Understanding IEC Code Registration

1.1 What is IEC Code? The Importer Exporter Code (IEC) is a 10-digit unique identification number required by businesses engaged in importing or exporting goods and services from India. It is mandatory for individuals and entities seeking to undertake international trade transactions.

1.2 Significance of IEC Code: IEC code serves as a key document for businesses involved in international trade, enabling them to conduct import and export transactions, avail benefits under various government schemes, and comply with regulatory requirements.

Chapter 2: Eligibility for IEC Code Registration

2.1 Who Needs IEC Code? Any individual or entity engaged in import and export activities, including manufacturers, traders, exporters, importers, and service providers, must obtain an IEC code.

2.2 Exceptions: Certain categories of individuals and entities, such as individuals importing or exporting goods for personal use or entities exempted under specific government notifications, may be exempt from obtaining an IEC code.

Chapter 3: Process of Obtaining IEC Code

3.1 Preparing for Application:

3.1.1 Documentation: Gather the necessary documents required for IEC code registration, including PAN card, Aadhaar card, proof of identity and address, bank account details, and business registration documents.

3.1.2 Business Details: Ensure that you have relevant details about your business, including legal name, trade name, nature of business activities, and contact information.

3.2 Online Application:

3.2.1 Visit DGFT Website: Access the DGFT website (https://www.dgft.gov.in/) and navigate to the ‘Online Application’ section.

3.2.2 Fill out IEC Application Form: Complete the online application form for IEC code registration, providing accurate details about your business and personal information.

3.2.3 Upload Documents: Upload scanned copies of the required documents, including proof of identity, address, PAN card, and bank account details, as per the specifications provided.

3.2.4 Pay Application Fee: Pay the prescribed application fee online using the available payment options. The fee amount may vary based on the category of the applicant and other factors.

3.3 Verification and Processing:

3.3.1 Application Review: Upon submission of the application and payment of the fee, the DGFT authorities review the application and verify the documents submitted.

3.3.2 Generation of IEC Code: If the application is found to be complete and in order, the DGFT authorities issue the IEC code electronically, typically within 1-2 working days.

3.4 Post-Registration Responsibilities

4.1 Compliance Maintenance: After obtaining the IEC code, businesses must maintain ongoing compliance with the regulatory requirements and ensure accurate reporting of import and export transactions.

4.2 Renewal: IEC codes are typically issued for a lifetime and do not require renewal. However, businesses must update their IEC details in case of any changes in business operations or contact information.

Chapter 5: Conclusion

In conclusion, obtaining an IEC code is a fundamental requirement for businesses in India engaged in international trade activities. By following the step-by-step process outlined in this guide and complying with the prescribed documentation and requirements, businesses can obtain the necessary IEC code and unlock opportunities for import and export transactions. It is essential for businesses to understand the significance of the IEC code, maintain compliance with regulatory requirements, and leverage it effectively to expand their global footprint and drive business growth in the competitive international market.