Apply for your Import Export Code (IEC) Registration Today.
Certifications Bay is a compliance service provider that promises to provide you with complete support in obtaining IEC registration. We prioritize reliability, adaptability, and transparency to ensure your satisfaction.
To apply for your online IEC certificate or to apply for your import export code, get in touch with our consultants today.
What is the meaning of Import Export Code (IEC)?
Import Export Code (IEC) is a 10-digit code that is mandatory for all importer and exporter establishments in India. It is the primary business identification number issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce.
Is it necessary to obtain IEC registration or an IEC online certificate?
Yes, it is necessary to obtain IEC registration or an IEC online certificate. Without it, export and import activities are not permitted unless specifically exempted. However, IEC is not mandatory for the export of services, unless the service provider is availing benefits under the Foreign Trade Policy.
What is the validity period of an IEC certificate?
An IEC certificate is valid for a lifetime, unless surrendered or cancelled by the issuing authority. However, all IEC holders are required to update their IEC every year from April to June, failing which the IEC may be deactivated by the DGFT.
Get Free Expert Consultation
Advantages of Registering for Import-Export Code
Facilitate broader market reach
As previously stated, acquiring an import-export code is mandatory to engage in importing or exporting in India. An IEC enables businesses to participate in cross-border trade, providing access to a wider global market. This can result in significant growth opportunities as it allows for the expansion of the customer base to include foreign buyers, which can ultimately lead to increased revenue and profits.
Legal Benefit
The registration of Import Export Code (IEC) is essential as it is mandatory for every establishment engaged in importing and exporting goods or services in India, unless exempted. Failure to obtain IEC may result in the inability to carry out import or export activities. Once obtained, IEC does not require any renewal or update. Moreover, it helps in preventing illegal import and export activities by allowing the regulatory authorities to monitor and regulate cross-border transactions. Thus, IEC registration not only facilitates international trade but also ensures compliance with regulations and legal requirements.
Benefits of the Schemes
Establishments with an IEC registration can access subsidies and other benefits declared by the Export Promotion Council, Customs, and other relevant authorities. Furthermore, after filing the Letter of Undertaking (LUT) and Goods and Services Tax (GST), exporters can export without paying taxes. However, if an exporter pays taxes, they can claim a refund of the paid amount.
What Type of Business Entities are Eligible to Apply for IEC Registration?
Sole Proprietorship
Partnership
Company
Limited Liability Partnership (LLP)
Hindu Undivided Family
Trust
Society
Who is Exempt from IEC Registration?
Individuals who engage in importing and exporting goods for personal interest and are not involved in trade, agriculture, or manufacturing activities are exempt from obtaining an Import Export Code (IEC) registration.
State and Central Government Departments and Ministries
Industries exporting SCOMET items are exempted from IEC registration as per the list in Appendix-3, Schedule 2 of ITC.
Individuals engaged in import and export through Nepal and Myanmar, with a single consignment valued above Rs. 25,000, through Indo-Myanmar border areas and China (via Namgay Shipkila, Gunji, and Nathula ports), are exempt from obtaining IEC registration.
Required Documents for IEC Registration
- The PAN (Permanent Account Number) of both the applicant and the company.
How to Apply for IEC Code
- Enter the required information such as name, contact number, email address, pin code, state, etc.
- Once the information is entered, a captcha will be added to obtain the OTP.
- Use the credentials to log in. The process for applying for an IEC certificate online differs for existing or new users:
- Existing users must link their profile to the user profile and keep their digital signature digital token with them before connecting.
- For a new user, apply for IEC and affix necessary documents.
- After submitting the documents and information, the application will be further processed, and the import-export code will be received.
- Finally, the Import-Export license will be issued after the verification of documents.
The Process of IEC Renewal
As per Notification No. 58 issued on 12th February 2021, it is mandatory to renew or update IEC annually during the period of April to June. Failure to renew IEC may result in the discontinuation of an individual’s practices. For a clear understanding of the IEC renewal/update process, please refer to the following procedure:
- Visit the official DGFT website.
- Log in using your credentials.
- Provide the required details, such as your import export code.
- Thoroughly review the form and sign it using your DSC or Aadhaar.
- Once completed, you can download the updated and renewed IEC certificate.
Please note that IEC renewal/update is compulsory for all importers and exporters. The renewal/update process is entirely online and provides instant approval.
How We Assist in Obtaining Online IEC Certificate
- Our IEC consultant will educate you on the process of applying for an import export code.
- We will assist you in the documentation and registration process to ensure accuracy and prevent rejection of your application or any issues with the IEC registration or online certificate.
- Our IEC registration consultant will guide new or existing users to obtain an online IEC certificate.
- Our IEC consultant will maintain direct contact with officials to ensure a smooth process and promptly address any issues or demands.
- Our IEC registration consultants will provide you with a satisfactory solution for any concerns related to the IEC online process.
Conclusion
Acquiring an IEC certificate is a necessary requirement for importing or exporting goods, but mistakes in the application form or incorrect documentation can cause delays and rejections. To ensure a smooth and successful process, you need the assistance of experienced and knowledgeable consultants who can guide you through every step of the online IEC certificate process, including IEC renewal or updates.
At Certifications Bay, we have a team of experts who possess the necessary qualities to provide exemplary services. As a Delhi-NCR-based compliance service provider, we are well-equipped to assist you in obtaining IEC code registration. Whether you need to understand what an IEC number is, how to complete the IEC online process, or the documents required for IEC code, our team can provide you with the necessary guidance and support.
If you require an IEC online or offline certificate, do not hesitate to contact us. Our professional and expert services will ensure a hassle-free process and timely acquisition of your IEC certificate.
Frequently Asked Questions (FAQs)
RCMC (Registration-cum Membership) certification is issued by the Export Promotion Council, a recognized authority under the Government of India. Exporters and importers are required to obtain this certificate to export or import restricted products.
“The requirements for obtaining IEC online include a PAN card of the establishment, a bank account in the name of the establishment, and a valid address proof of the establishment.
It’s important to note that DGFT may conduct a physical verification of the establishment’s address upon issuance of the IEC.”
A Free Sales Certificate is a document issued by the Directorate General of Foreign Trade (DGFT), a government agency in India, that confirms that the products being sold are freely sold in India and are not prohibited for sale. It is often required for exports to certain countries to demonstrate that the product being exported is safe for consumption or use and meets all necessary regulations in India.
