Easily Register an IMPORT EXPORT CODE(IEC)

About IMPORT EXPORT CODE(IEC)

Any transaction which is doing on international market called import or export. Taking product or services to the international market will expand your businesses .The first requirement before start an import or export goods and services in or from India is to obtain an import export code. ICE is required for registration. Import export code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. We focus on reduce international trade costs for helping of company and try to mitigate risk from import- export and improve supply chain efficiency in international market. We believe that customs and trade must be a prominent feature of any supply chain review or strategic planning process. Import- export code

When any dealer enters any international transaction they have to take import-export code because without import-export code they cannot do their business. Now-a-days for obtain import-export code user have to apply on-line.

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Under the following circumstances import export code is not required:

1. Import or export of goods for personal use, which is not connected with trade, manufacture or agriculture.

2. Import or export by government ministries and departments, and certain notified charitable organizations.

Advantages of export and import

Issued For The Lifetime

Import or export code is issued for the lifetime of the entity and requires no renewal. So once an import or export code is obtained, it can be used by that entity for all its import or export transactions without any further problem.

Maintain Validity

Import or export code does not require the filing of any return. Once, an import export code is issued there are no further procedures required to maintain validity of the import export code.

Even individuals

Even individuals who are proprietors of a business can obtain import- export Code in their name. It is not necessary to incorporate a business entity for obtaining Import- Export Code.

Import- Export Code

Import export code can easily be obtained from DGFT within 10-15 working days after submission of the application along with all the necessary information.

Disadvantages of Import Or Export

Import Export
1 Foreign goods are substituting the domestic goods markets, so the domestic industries are eliminated. 1 Low value-added exports can only get a small profit.
2 Trade deficit will cause the currency devaluation, inflation. 2Investment and labor flows in the export sector, the domestic production of other industries lack of funds or labor.
3The importing of important industries will lose the influence by importing country. 3 Exports will lead to the loss of core technologies

FREQUENTLY ASKED QUESTIONS (FAQS)

Any transaction which is doing on international market called import or export. The first requirement before start an import or export business in India is to obtain an import or export code .it is required for any person importing or exporting goods and services to or from India.
Service tax registration is a mandatory registration for service providers who have taxable service of value exceeding Rs. 9 lakhs, in the previous financial year. Service tax registration facilitates in the identification of assesses, payment of service tax and filing of service tax returns.
No, import or export code is a primary document for recognition by Govt. of India as exporter or importer.  However, if value of goods is very low, the concerned customs officer may permit first export (only one time) by imposing penal charges.
Import or export number is issued by directory general of foreign trade at each regional office where the exporter or importer situates.
The necessary application for import export code number can be downloaded from dgft website and follow procedures as may be prescribe. 
Yes, import or export code has been made on-line by the DGFT department and off mode application has been removed, now user has to apply on-line by using Class III Digital Signature to submit the application.
The following documents will be required for obtain import-export code:-
  • Pan Card of Entity
  • Cancelled Cheque of Entity
  • Photos of the Applicant
Not necessary, foreigner’s is not required to have residence in India to obtain import export code.
Yes, you can surrender such import export code number to the concerned authorities.  The issuing authority shall cancel such IEC and transmit electronically to DGFT and customs authorities.
Import export code is not a mandatory registration, only importers and exporters of goods or services must have import export code. Therefore, there is no penalty for not having import export code; however, import - export will not be possible without an Import- Export Code.
Information to post office, copy of telephone bill, electricity bill, of rent deed etc. It is required to confirm about the genuineness of the address.
Yes, DGFT department allows the user to modify the details given the import- export code at any point of time or within 30 days from the date of change of particulars.
No, without pan card you cannot get import- export code .first of all you have to take pan card from prescribe authority. Then you can take import-export code. Because without pan card dgft account will not open.

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