Apply Import Export Code (IEC) Online
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What is Import Export Code (IEC)? blind texts. Separated they live in Bookmarksgrove right at the coast
Customs authorities need it to clear shipments during imports.
• The bank needs it to transfer the money when imports are made.
• Similarly during export the shipments the IEC is required.
• When exporter is supposed to receive money in foreign currency, IEC code is required to transfer the money to his account directly.
The IEC code registration is applicable for all business registrations:
- Proprietorship
- Partnership
- LLP
- Limited Company
- Trust
- HUF
- Society
It is assumed that IEC is only for import or export of goods. But it is necessary for both goods as well as services. Import or export of services is an international transaction. So any person providing services beyond the boundaries of India has to make online IEC application.
Two Colour Photographs of Promoters/Individuals/ Company/ Director
PAN Card of each Shareholders and directors
Identity Proof (Voter ID / Driving License/ Passport)
Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
Proof of Registered Office
Utility Bill as proof must be Latest
As per recent changes made by DGFT via notification no. 58/2015-2020 dated 12th February,2021 all IEC holders are required to renew/update their registration every year electronically on or before 30th June of the year. If renewal is not done within the stipulated time than an IEC will be de-activated.
Not every firm has to apply for IEC. But IEC is associated with PAN. Hence, if a person has more than one proprietorship firm then for every firm only one IEC registration is to be taken. This is because proprietorship firm does not have a separate identity and so the PAN of an individual is used as PAN of their proprietorship firm. If one has allotted more than one IEC for one PAN then one has to surrender with the Ministry for cancellation. A partnership firm or LLP or Company will need to quote their own PAN, as a separate PAN is allotted to them.
IMPORT EXPORT CODE LICENSE
Ready to take your business global? Learn how to apply IEC code online effortlessly! Secure your Import Export Code registration for a smooth journey into international trade. Apply IEC online and unlock the potential of hassle-free import and export with a lifetime-valid license.
In the dynamic landscape of global business, expanding beyond domestic borders is a strategic move for growth. Applying for an Import Export Code (IEC) is a pivotal step to kick-start your international trade venture. With the ease of online applications, securing your IEC code is more straightforward than ever.
osing appropriate trademark classes, consulting a trademark attorney, and meeting renewal deadlines are essential steps. Successful registration allows the use of the trademark symbol (™) to signify ownership. Beyond legal benefits, the process strengthens a brand’s identity and deters others from copying. In summary, trademark registration is a strategic investment in safeguarding a business’s unique elements.
Documents Required for Trademark Registration
- Two Colour Photographs of Promoters/Individuals/ Company/ DirectorPAN Card of each Shareholders and directorsIdentity Proof (Voter ID / Driving License/ Passport)Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)Proof of Registered OfficeUtility Bill as proof must be Latest
What is IEC Code?
The Import Export Code (IEC) is a 10-digit identifier issued by the Directorate General of Foreign Trade (DGFT), enabling individuals and businesses to engage in import and export activities in India.
where IEC (Import Export Code) is required?
- When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
- When an importer sends money abroad through banks then it’s needed by the bank.
- When an exporter has to send his shipments then it’s needed by the customs port.
- When an exporter receives money in foreign currency directly into his bank account then it’s required by the bank.
Cases where Import Export Code (IEC) is not mandatory
According to the latest circular issued by the government, IEC (Import Export Code) is not mandatory for all traders register under GST. In all such cases, the PAN of the trader shall be construed as a new IEC code for the purpose of import and export. Import Export Code (IEC) isn’t required to be taken in case the goods exported or imported is for personal purposes and isn’t used for any commercial purpose. Export/ Import done by the Government of India Departments and Ministries and Notified Charitable institutions need not require getting Import Export Code.