Import Export Code Registration
Need to register import export code?
Import Export Code Registration Starting at Just Rs.2,999/- (Inclusive of all Govt. Fees).
HIGHLIGHTS OF Importer Exporter Code
Importer Exporter Code Process
Application Preparation
An Businessgig Tax Expert will prepare your IE Code Application in the prescribed format along with the necessary supporting documents and obtain your signature in the application.
Application Processing
Once the application is prepared, Businessgig will submit the IE Code Application to the Directorate General of Foreign Trade for further processing and allotment of IE Code.
IE Code Allotment
Once the application and the attached supporting documents are verified, the Directorate General of Foreign Trade will allot an IE Code for your business.
Success is doing ordinary things extraordinarily well.
Procedure for obtaining IEC
An application must be made in the Aayaat Niryaat Form 2A (ANF 2A) format to the Regional Authority of the Directorate General of Foreign Trade (DGFT) in the region where the registered office of the company is situated.
Following documents are required for obtaining new IEC:
| Sr. No. | Documents | For Proprietorship | For Partnership | For Private Ltd./ Ltd. |
|---|---|---|---|---|
| 1 | PAN Card | Personal PAN Card | Company’s PAN Card | Company’s PAN Card |
| 2 | List of Partners/ Directors | Residential address, Pin Code, Phone Number, Father’s Name | Residential address, Pin Code, Phone Number on letter head. | List of Directors with, residential address, Pin Code, Phone Number on letter head. |
| 3 | Memorandum and Articles of Association | N.A. | Partnership Deed-duly notarized, copy duly self-certified. | MOA |
| 4 | Current Account | Any National / International Bank | ||
| 5 | Bank Certificate | As per Appendix attached | ||
| 6 | Photographs (Passport Size) | 4 Nos. | Any one of Signing Authority – (4 Nos.) | Any one of Signing Authority – (4 Nos.) with mobile number |
| 7 | Company’s Letter heads | Two Nos. | Two Nos. | Two Nos. |
| 8 | Phone and E-mail | Applicable | ||
| 9 | Type of Exporter | Merchant/Manufacturer/Service/Other/Merchant cum Manufacturer (if manufacturer, SSI(MSME)/IEM/Ind.Licence) | ||
| 10 | Date of formation of company | As per Pan Card | As per Deed agreement | As per Registrar Of Companies |
The DGFT has provided online filing facility for obtaining IEC and other authorizations. Form ANF 2A requires basic details of the business and its proprietors, partners or directors (as applicable), bank account details and a bank certificate (where the business has an account) stating the period for which the business has an account with the bank.
One thing to be kept in mind is that the Permanent Account Number (PAN) is pre-requisite for grant of an IEC. And only one IEC can be issued against a single PAN.
The IEC issued is valid for all the branches or factories of the importer/exporter, as the case may be. Applications winch are complete in all respects are normally disposed of within two days. For practical purposes, you can provide for a week’s time (after factoring in the time required to make any changes in case your initial application is incomplete in some respect).
FAQ
What is IE Code?
IE Code stands for Import Export Code. It is required for any person importing or exporting goods and services to or from India.
Why is IE Code required?
All importers must mention their IE Code while clearing customs when their goods arrive in India. All exporters must mention their IE Code while exporting their goods from India. Additionally, now RBI requests person importing or exporting services to also mention IE Code in foreign remittances in bank account. Therefore, IE Code is required for anyone involved in import or export in India.
Is there a tax levied based on IE Code?
No. IE Code is not a tax registration. So no tax is levied based on IE Code during import or export of goods or services. However, customs duty maybe levied.
Who must obtain IE Code registration?
Any person who proposes to import or export goods and services from or to India must obtain IE Code.
Can individuals obtain IE Code?
Yes, individuals acting as Proprietors of a business can obtain IE Code Registration.
What are the documents required for IE Code registration?
To obtain IE Code registration, a copy of PAN Card, proof of address of business and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] and a letter from the banker is required
How long does it take to obtain IE Code registration?
IE Code Registration can be obtained from the DGFT in 10-15 working days after submission of all required documents and application.
What is the penalty for not having IE Code?
IE Code is not a mandatory registration, only importers and exporters of goods or services must have IE Code. Therefore, there is no penalty for not having IE Code; however, import / export will not be possible without an IE Code.
Do I have to file any returns for IE Code?
No. Returns need NOT be filed for IE Code.
How long is the IE Code valid for?
IE Code is valid for life-time of the entity and renewal is also not necessary.
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