Import Export Registration

Introduction

If you are in the business of importing and exporting goods in India, It is mandatory for it to obtain 10 digit Import Export code or IE code. It is issued by Director General of Foreign Trade (DGFT) under Ministry of Commerce and Industries, Government of India. Import-export code has lifetime validity. It is mandatory for every person who is looking to export or import to obtain IE code. However, in case of service exports IEC is not mandatory except service provider is taking benefits under foreign trade policy.

First step to seamlessly export from or import into India is obtaining your Import Export Code (IEC). Your IEC is not just a registration; it's the primary identification of your business in the global market. Let us guide you through the nuances of IEC Registration in India.

 IMPORT EXPORT CODE

Import-export code or IE code is a 10-digit code that is issued by DGFT on filing an application for the same. Every person which is engaged or intended to be engaged in imports or exports are mandatorily required to obtain IE code apart from GST registration.

• Global Outreach: Unlock the doors to the international market and expand your business horizons.

• Credibility: Establish trust among foreign vendors and buyers.

• Governmental Benefits: Avail yourself of several benefits under export and import schemes offered by the Directorate General of Foreign Trade (DGFT) and other allied bodies.

• No Renewals: Once registered, your IEC doesn't expire and doesn't require any renewals.

 WHY CHOOSE CORPIQ SERVICES?

• Simplified Registration: We transform the IEC registration process into a straightforward and hassle-free journey.

• Expert Navigation: Our team, with its deep-rooted understanding of international trade guidelines, stands ready to assist.

• Transparent Operations: No hidden surprises or costs. Just straightforward, efficient service.

• Dedicated Support: Our commitment doesn't end with your IEC acquisition. We're here for your post-registration queries too.

• FEATURES OF IMPORT EXPORT CODE REGISTRATION

  • It unlocks the opportunity for domestic businesses to reach the global market. IE code makes the entry of Indian companies smoother and opens the door for new opportunities.
  • The process of obtaining IE code is completely online and trouble free.
  • IE code is valid for the lifetime as long as the business exists. Therefore, there are no issues with updating, filing, and renewing Import Export Code registration.
  • IE code can prevent the illegal transportation of goods from or to India.
  • IE code provides enormous benefits to the business organization which are engaged in imports and exports. These entities can get subsidies from the customs, Export Promotional council, or other authorities, and exporters can make exports without paying taxes.
  • There is no heavy annual compliances related to IE code as in case of taxations or other laws.

   DOCUMENTS REQUIRED FOR IMPORT-EXPORT CODE REGISTRATION

  • Self-attested copy of entity's PAN card
  • Cancelled cheque copies of current bank accounts.
  • Copy of rent agreement or electricity bill as a proof of address of premises
  • Partners or directors self-attested copies of ID proofs such as Voter ID or Aadhaar card or passport.

   PROCEDURE FOR IMPORT- EXPORT REGISTRATION

  The steps which are involved in Import-export code registration are as follows:-

  • Register your entity at DGFT website.
  • Click on services tab on the home page.
  • From the drop down list select ‘IEC Profile Management'
  • A new page will open, Click on ‘apply for IEC option'
  • Click on ‘register' option, enter the required details and click on ‘sent OTP' button.
  • Upon verification of OTP temporary password will be allotted, you can login on the portal using this password.
  • Click on ‘Apply for IEC' option on DGFT website
  • Fill the application form, upload the required documents and after payment of applicable fees IEC code will be generated by the DGFT.