Import Export Code Registration

Import-Export Code
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Import Export Code Registration

An Importer Exporter Code is a specialized 10-digit code required for every import/export firm owner in India. The code is issued by the Ministry of Commerce’s Director-General of Foreign Trade (DGFT) and does not require filing or renewal. Importers must use IEC to pass customs and ship their goods, as well as transfer money to overseas banks. Exporters rely on IEC to transport goods and obtain funds from foreign banks. In summary, no importer/exporter may do business in India without an IEC. Let us find out the rest about import export code registration in Thrissur.

 

How can you register for IEC?

To obtain your Import Export license online, complete the easy IEC registration procedure outlined below.

Step 1: The online IEC application form is submitted to the Directorate General of Foreign Trade. It’s also feasible to do it at the DGFT Regional Office in person.

Step 2: Submit all needed documents, including bank information and a DSC.

Step 3: The Import-Export code will then be evaluated, and the application will be processed further.

Step 4: Once the papers and application have been validated by the authorities, the import-export license will be issued to the company in the form of a soft copy.

 

Documents necessary for the registration of an Import Export Code

  • Individual or business PAN card
  • A copy of the entity’s government identity (driver’s license/Aadhar/Voter ID)
  • Certificate of incorporation/Partnership agreement
  • Current bank account statement for an individual or a business
  • Proof of address (electricity bill/rent agreement/sale deed for the office location)
  • A copy of the current account’s canceled cheque leaf

IE Code Validity:

Once registered, the Import Export Code remains permanent and valid for the rest of one’s life. As a result, there is no requirement for renewal or updating. It is valid until the business closes or the registration is withdrawn. Furthermore, the company is not required to make any monthly or annual filings such as GST, PF, and so on.

 

RCMC Registration:

The Registration-cum-Membership Certificate (RCMC) is issued by the Export Promotion Council of India. Businesses who deal with the export of prohibited items, as well as those seeking concessions under Foreign Trade Policy, such as tariff withdrawal, must have RCMC.

 

Is it necessary to register a corporation in order to obtain an IEC?

No, a client does not need to form a corporation in order to apply for an IEC Certificate.

 

Why should you choose Corproots?

Our specialists will carry out the Import-Export code registration process quickly and efficiently online at the best costs. The entire procedure will take around 10 days. We will guide you in obtaining an Import Export license online.