Import Export Code
IMPORT EXPORT CODE
IEC registration is required by a business person for exporting or importing goods. It s 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are required in Import and Export code those business in forgian of goods require registering Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
The IE Code must be demand by quoted tp importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad. IEC Registration doen through KB MANAGEMENT SERVICE r Indian cities.
BENEFITS OF IMPORT EXPORT CODE
All importers who import goods are required to register Import export code and all exporters need this code to obtain the benefits of exports.
IEC code holder does not require filing of any returns.
IEC Code is issued for lifetime and requires no renewal
Even individuals who are proprietors can obtain the code in their name.It is not necessary to setup a business for the same.
Importers Require IE Code
All Importers who import goods into India require an IE Code. The IE Code must be quoted while clearing customs. Also, banks require the importers IE Code while sending money abroad.
No Return Filing
IE Code does not require the filing of any return. Once, an IE Code is issued there are no further procedures required to maintain validity of the IE Code. Even if import or export transactions occur, there are no filings required to DGFT.
Proprietors can have IE Code
Even individuals who are proprietors of a business can obtain IE Code in their name. It is not necessary to incorporate a business entity for obtaining IE Code.
Exporters Require IE Code
All Exporters who export goods or services from India require an IE Code. The IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad.
Lifetime - NO Renewal
IE Code is issued for the lifetime of the entity and requires no renewal. So once a IE Code is obtained, it can be used by that entity for all its import or export transactions without any further hassles.
Documents Of Individual / Proprietor / Partner / Director
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Copy of PAN Card
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Passport size photograph
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Copy of Aadhaar Card/ Voter identity card
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Authorization letter (In case of Partnership)
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Authority from other Directors on letter head (In case of company)
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Copy of Partnership deed (In case of Partnership)
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Board Resolution/self declaration (In case of Company)
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Telephone Bill in the name of the Individual (In case of individual)
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Cancelled cheque of individual
Documents Required In firm and Company Entity
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Copy of Property papers (If owned property)
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Copy of Rent agreement (If rented property)
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Landlord NOC (Format will be provided by us)
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Cancelled cheque of firm
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Electricity/ water bill (Business Place)
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Copy of Service Tax returns (In case of Proprietorship)
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Certificate of incorporation (In case of company)
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Bank statement of firm/company
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AOA and MOA (In case of company)
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1 letter head of company (In case of company)
Steps of Process Iec Code
Complete Our IEC Form
FAQ
What is IEC ?
IEC stands for Import-Export Code. It is a 10 Digit unique code issued by directorate general of foreign trade (DGFT) of commerce and industries ministry of government of India
Who requires IEC Registration?
Any person or business type who intends to import or export goods and services from or to India must require an Import Exports Code
How much time it will take to acquire/obtain an Import Export Code?
Import Export Code can be obtained within 1 week from the date of filing application.
What is the validity of IEC Code?
IE Code is one-time license and valid for the lifetime of business.
Is DSC required to obtain IEC Registration?
As per recent notification, DSC is not required to apply import exports code.
Do we receive any hard copy from the department?
No, you will receive final soft copy of IEC certificate over the email
Are any monthly returns required to be filed under Import Export Code?
IEC is just a license allowing the import and export of goods. Therefore, no return is required to be filed under IEC code.
Are any monthly returns required to be filed under Import Export Code?
IEC is just a license allowing the import and export of goods. Therefore, no return is required to be filed under IEC code.
Do you provide this service in my town?
Yes KB MANAGEMENT SERVICE is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done
Do I need to physically present for the process?
No, You don’t need to be physically present for the process, KB MANAGEMENT SERVICE is an online catering platform all you need is internet connection in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at remotest location of the India
Is there any penalty on not having an IE code?
There is no penalty for not having an IE code but importing and exporting are not possible without an IE code.
How much time does it take to get an Import Export code?
Generally, it takes 3 to 7 days to get the IE code certificate after the submission of all required documents and information
Can I fill AD Category Bank details in IEC?
Yes, you can fill AD Category Bank details in IEC. There is space to fill only one Bank account details in IEC application and the same will be shown in your IEC Registration Certificate. It is always advisable to put that banker details with whom you deal regularly and have good relations.
AD (Authorised Dealer) Category Bank means the bank who deal with the conversion of currency notes, coins or travelers' cheques designated in foreign currency into Indian Rupees and vice versa. Their objective is to provide easier foreign exchange facilities for travelers and tourists, including NRIs.