IE Code Registration

The IE Code is a number which is mandatory for Exports or Imports of goods. The government will not allow any person to import or export without IEC Number granted by the DGFT. Merchandise Export from India Scheme (MEIS) or Service Export from India Scheme (SEIS) these two sectors requires the IE Code. The IE code can be easily obtained from DGFT within 2-5 working days of submitting the application along with all the required information. IE code does not require any return filing and IEC is not mandatory for all the traders except import and export of business.

  • The below companies / Nature of the bodies are allowed to take Import and Export codes:
  • Proprietorship Company
  • Partnership Firm
  • Limited Liability Partnership Firm
  • Private Limited Company
  • Trust, HUF and Society

Exemptions of IE Code:

The import business compelled under by clause 3(1) (except sub-clauses (e) and (l)) and the export business comes under section 3 (20) (except sub-clauses (i) and (K)) of foreign trade rule order, 1993

  • Ministries and departments come under the State or Central Government.
  • The people import or export goods for personal use which not connected with the trade or manufacture or agriculture.
  • Exemption mainly for the goods which related to Special Chemicals, Organisms, Materials, Equipment’s and Technologies (SCOMET)
  • People export or import good from the nearby countries of China, Nepal, Myanmar, Indo-Myanmar border through the ports of Gunji, Namgaya, Shipkila and Nathula. It also depends on the CIF value of the consignment which not exceed Indian Rs.25,000.as exception Nathula port ranges up to Rs. 1,00,000/-

IEC REGISTRATION (Required Documents)

1. Proprietorship:

  • Proprietor pan card
  • Proprietor aadhaar card
  • GST Certificate
  • Company Current Account Cancelled cheque
  • Email id & Mobile no

2. Partnership:

  • Company pan
  • Partnership Deed
  • All partners Pan & Aadhaar card
  • GST Certificate
  • Company Current Account Cancelled cheque
  • All partners Email id & Mobile no

3. Private Limited / OPC / LLP:

  • Incorporation Certificate
  • Company pan
  • All directors Pan & Aadhaar card
  • GST Certificate
  • Company Current Account Cancelled cheque
  • All directors Email id & Mobile no

Benefits of IE code

  • Life time validity, there is no need for renewal
  • No compliance
  • Reduces the risk of Illegal transportation
  • It is a chief legal license that makes the cross border transactions easy and legal.
  • There is no requirement of filings or renewal of the registration for each Financial Year or otherwise.

FAQ'S


IEC Stands for Import and Export Code. The IE Code is a number which is mandatory for Exports or Imports of goods.

No person shall make any import or export without IEC. Its mandatory for all import and export business.

No. It’s mandatory for all import and export business.

Companies can obtain benefits on their exports or imports from DGFT, Customs, and Export Promotion Council etc.

Yes. It’s possible.

Yes. The Import and Export Code number is the same as the PAN of the applicant

Normally within two to three working days. <

No, IEC is a permanent document and it’s not item based. <

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