Import Export (IE) Code registration is mandatory for persons importing or exporting goods and services from India.IEC Code is a 10 digit number with permanent validity granted by Directorate General of Foreign Trade under the Ministry of Commerce and industry,to the bonafide person/company for carrying out Import/Export.An IEC Number allotted to an applicant shall be valid for all its branches/divisions/units/factories as indicated on the IEC number.Where an IEC Number is lost or misplaced, the issuing authority may consider requests for grant of a duplicate copy of IEC number, if accompanied by an affidavit.It takes 2 -3 working days to allot the IEC by DGFT.
Submitting an online application for IEC Code is the first step to do EXIM business in India. Accotax helps business establishments to obtain Import Export Code issued by DGFT. The nature of the firm obtaining an IEC may be any of the follows-
Period of License (Validity) / Renewal / Modification / Cancellation
Import Export Code issued by the DGFT holds unlimited validity and also no need of filing monthly returns like GST Return Filing or Income Tax.
Documents required for IEC Registration:
PAN of the applicant
Address proof of the applicant
Cancelled cheque bearing entity’s pre- printed name or Bank Certificate ?
Aadhaar Card and PAN of Directors/ Partners (If Company / Partnership Firm)