IE Code Registration @Just 1,299
- Assured Expert Guidance
- Lowest price surety
- Hassle free paperless work
- Certification within 3 days
Get Started
Table of Contents
Online IEC Code Registration
The importer exporter code or IEC code registration is a process of getting an unique identifier for all import export oriented businesses in India. It is essential to have all kinds of import export oriented business. Let it be an MSME or big enterprises. As per the guidelines of DGFT exporters of goods and services are required to get an Import export registration to obtain valid RCMC for their business or export in UAE or any country from India.
Grow My Vyapar Can help you get an import export code registration or IEC code license for your business in a quick and easy way at the lowest price possible.
IEC Code Registration - An Overview
| Import export code Registration | Details |
|---|---|
| Time taken to Register with DGFT for IEC code license | 3- 4 business days |
| Documents Required for online IEC code registration |
|
| Online IEC Code registration fees | Rs 1,299 |
| How to apply for Import export code registration |
|
| Mode of Application for Import export code license | Online Application |
| Renewal of IEC code Registration | Annually |
What is the purpose of acquiring Import export code?
Importer export code or IEC code is an obligation required for all the import export oriented business in India irrespective of their size and turnover. Getting an IEC code also helps business getting an valid registration cum membership certificate for their respective export promotion council & other councils Such as
| Particulars | IEC code required for |
|---|---|
| IEC code registration |
|
Having an IEC code can help your business getting these various certificates & membership to expand your global exports.
Documents Required For IEC Code Registration Online
These are the following documents required to obtain an online import export code to commence export business in India. The documents are more or less same for private limited companies and proprietorship or an partnership firm or in case of LLP
- PAN of entity
- Applicants entity’s address proof such as utility bills
- Certification number of registered business
- Passport size pic of applicant
- Bank details of business entity
- Canceled cheque also required
- Applicants identity proof such as Aadhar card
Fees For Import Export Code Registration (IEC CODE Registration)
The government fees for applying for an IEC code registration in India is ₹500, and the professional fees for the Import Export Code registration is ₹799. Thus, the total cost for IEC code registration is ₹1299 (₹500 + ₹799).
| Particulars | Fees for IEC code |
|---|---|
| Govt fee along with filling up with DGFT | ₹500 |
| Professional Charges for application | ₹799/- only |
| Total cost of registration | ₹1,299/- only |
Process of online IEC code Registration
The process of registration with DGFT for import export code can be classified into 4 steps. You can get your license in no time once the application is successfully filled with the director general of foreign trade.
Documentation:- Provide all the relevant documents and details in order to get your IEC code certificate with the DGFT. If the details given by applicants do not satisfy the criteria for registration then the application will be rejected by the DGFT.
Application:- Once all the relevant details and documents are provided, our exports will file for an IEC code registration online with DGFT and fill in all the details with relevant documents.
Verification of DGFT:- The provided details and documents will be cross verified by the licensing authorities in order to grant iec code certification to the import or export.
Issuance of IEC code:- Once the verification is done, the director general of foreign trade (DGFT) will issue the valid import export code for the respective applicants. The IEC code certificate can be used to commence import-export oriented business as well as to acquire membership of various export promotion councils in India.
Renewal of IEC code Registration
The validity of IEC code is up-to 1 year only. The renewal of import export code registration is an obligatory for IEC code license holders and due each year.
Benefits of IEC Code Registration
1. Global Market Access
An IEC code registration allows your business to access the international market. Without an IEC, your business would not be able to export or import goods to different countries. With an IEC registration , you can easily participate in international trade and expand your customer base.
2. Easy to Obtain
The IEC code registration is a straightforward process, and obtaining it is relatively easy. You can apply for an IEC code online, and the process usually takes around 3-4 working days. This means that you can start importing or exporting goods quickly without any unnecessary delays.
3. Exemption from GST
If you’re an exporter, you can claim GST exemption on the goods that you export. However, to do this, you need to have an IEC code registration. Without an IEC code, you’ll have to pay GST on the goods you export, which can be a significant expense for your business.
4. Increased Credibility
Obtaining an IEC code registration can increase your business’s credibility. It shows that your business is authorized to participate in international trade and has complied with all the necessary regulations and guidelines. This can give your business an edge over your competitors and attract more customers.
5. Access to Government Benefits
An IEC code registration can also provide your business with access to various government benefits and schemes. For example, the government provides various incentives to exporters, and to avail of these benefits, you need to have an IEC code registration.
6. Ease of Doing Business
The Indian government has been taking several steps to ease the process of doing business in the country. Obtaining an IEC code registration is one of these steps. By simplifying the process of obtaining an IEC code, the government is making it easier for businesses to participate in international trade and contribute to the country’s economic growth.
Key Takeaways :- Points to remember for IEC Code Registration
- IEC code is valid for 1 year
- Renewal of IEC Code registration is due for each year
- Applicants must provide correct details to avoid rejection of application
- IEC code can help Import or export products in other countries
- IEC helps exporters in acquisition of registration cum membership certificate from various export promotion councils and controlling bodies of goods and services in India
Conclusion
Obtaining an IEC code registration is essential if you’re a business owner in India looking to import or export goods. It provides your business with global market access, exemption from GST, increased credibility, access to government benefits, and ease of doing business. If you’re looking to expand your business globally, obtaining an IEC code registration is the first step.
FAQs
The DGFT iec code registration is a process of getting import export certification for their respective entities to commence export or import business in india.
The fee for import export code registration is 1,299 INR only.
The online iec code issued by DGFT is mandatory to export food products from India. As well as exporters are also required to obtain FSSAI license to food export.
Time taken to get IEC code is usually 2-3 business days
Yes, online IEC code registration is necessary to have for all type of export oriented entities in India.
The renewal of iec code certificate is due for each year that is the validity of import export registration is only up to 1 year.