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Import Export Code

Anybody importing or exporting products or services from India must register with the Import Export (IE) Code. The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, is responsible for issuing the IE Code. It is a special 10-digit code given to Indian companies by the DGFT (Director General of Foreign Trade, Ministry of Commerce).

Objectives:

In India, IEC Code must be used in order to import or export. Without an IEC Code Number, no one or thing is allowed to import or export anything. To conduct import and export transactions and receive advantages under programmes like SEIS or MEIS, an import export code, also known as an IE Code, is necessary. Services and technology are exempt from the IEC. However, it does so in some circumstances where there are trade restrictions, such as when it comes to nuclear weapons and automatic firearms.
IE Codes are valid for the duration of the entity's existence and don't need to be renewed or filed. Once an IE Code is received, that entity can use it hassle-free for all of its import and export activities. Consequently, regardless of whether they now require it, it is advised that most enterprises acquire IE Code.
When importing products into India, all importers are required to mention their IE Code when clearing customs. When exporting goods from India, all exporters are required to include their IE Code. Furthermore, the RBI now asks that anyone importing or exporting services include an IE Code in their international remittances to their bank account. As a result, everybody engaging in import or export in India must have an IE Code.

Documents required for IEC Code:

  • A 3x3-cm digital portrait of the proprietor.
  • A copy of the proprietor's PAN card.
  • Copy of voter's I-Card, driver's licence, passport, and UID (Aadhaar card) (any one of these).
  • A sale document in the event that the business space is self-owned; a rental or lease agreement in the event that the office is rented; or the most recent electricity or telephone bill.
  • Bank Certificate in accordance with ANF 2A(I) or a cancelled check with the applicant's name and account number printed on it.

Proprietorship:

  • A copy of the application entity's PAN card.
  • A copy of the managing partner's passport (first and last pages), voter ID (Aadhar card), driving licence, or PAN (any one of these) must be attached to the application.
  • A replica of the Partnership Deed.
  • A sale document in the event that the business space is self-owned; a rental or lease agreement in the event that the office is rented; or the most recent electricity or telephone bill.
  • A bank certificate in accordance with ANF 2A (I) or a cancelled check with the applicant entity's name and account number pre-printed on it.

Partnership firm:

  • A digital photograph of the designated partner or director of the company signing the application (3x3cm).
  • A copy of the application entity's PAN card.
  • A copy of the voter's I-Card, driving licence, passport (first and last pages), voter's I-Card, UID (Aadhar card), or PAN (any one of these) of the managing partner or director who is signing the application.
  • The RoC-issued certificate of incorporation
  • A sale document in the event that the business space is self-owned; a rental or lease agreement in the event that the office is rented; or the most recent electricity or telephone bill.
  • Bank Certificate in accordance with ANF 2 A(I)/Cancelled Cheque with the Company Name and Account Number Pre-printed.

LLP firm:

  • A digital photo (3 x 3 cm) of the applicant/secretary or chief executive who is the signatory.
  • A copy of the application entity's PAN card.
  • A copy of the voter's I-Card, driving licence, PAN, voter's passport (first and last pages), or voter's UID (Aadhaar card) of the Secretary, Chief Executive, or Managing Trustee who is signing the application.
  • A sale document in the event that the business space is self-owned; a rental or lease agreement in the event that the office is rented; or the most recent electricity or telephone bill.
  • A copy of the Trust Deed and the Societies Registration Certificate
  • A cancelled check bearing the pre-printed name of the Registered Society or Trust and the A/C No. or a bank certificate in accordance with ANF 2A(I).
 
     
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