Import Export Code (IEC)
IEC is mandatory for businesses who are indulged in import or export transactions and availing benefits under various Government schemes.
Digital Filings can help you in…:
Thorough evaluation of the required information
Appointing and assigning an expert partner
Following-up with Government authorities
Getting the IEC issued for your import / export business
Get Started!
Understanding the IEC Registration
All Indian businesses carrying transactions involving import / export of goods must obtain their respective IEC for trouble-free operations regarding their import / export deals. Not just large or registered entities, IEC can even be applied by individuals who are indulged in international transactions through their import / export venture. Generally, IEC is not mandatory for all the imports / exports transactions, such as businesses operating under technology and services domains. Government, however, in the national security interest has mandated the IEC for importing / exporting certain restricted goods, including arms and ammunition, and other businesses involved in international trading of such prohibited items.
Issued by the Directorate General of Foreign Trade (DGFT), IEC is a unique 10-digit alpha-numeric code that provides businesses / individuals with an identity that is valid at all Custom and DGFT offices across India. Moreover, businesses or individuals with IEC can enjoy numerous benefits through various Government initiatives, including Merchandise Export from India Scheme (MEIS) or Service Export from India Scheme (SEIS), Export Promotion Council (EPC), and others.
Experts @ Digital Filings, therefore, recommend IEC for the organizations operating under varied sectors, irrespective of its requirement at present.
Key-Advantages to Apply for IEC
No Filings Needed
Since IEC is just a code issued for you to smoothly carrying-out your import / export transactions, it does not require filing of any transaction or tax returns to the DGFT.
One PAN One IEC
IEC is an easy to obtain unique code that DGFT allocates to PAN holder. Only one IEC is issued for one PAN that remains valid for life and works across all over India.
Single Owner’s Pride
There is no need to incorporate a business entity for obtaining an IEC, sole proprietors carrying import / export transaction can easily obtain IEC in their own name.
Easy Money Transfers
In case of transferring money to abroad, importers need to show their IEC to banks, while exporters need to present IEC to banks for receiving money from foreign nations.
Literally Trouble Free
IEC comes with life-time validity and doesn’t require to be renewed during the life-cycle of your import / export business. Moreover, code will work for all your branches offices or factory-units established across India.
Required Documentation Chart
Sole Proprietorship
- Identity Proofs: Passport, Driving License, AADHAAR Card, Voter’s ID
- Pan Card of Authorized Signatory
- Bank Certificate / Cancelled Cheque of Applicant
- One Photograph of Person Authorized
Registered Company / Limited Liability Partnership (LLP) / Partnership Firm
- Identity Proofs: Passport, Driving License, AADHAAR Card, Voter’s ID of
- Pan Card of the Company /LLP / Firm
- Pan Card of All Directors/ Partners
- Bank Certificate / Cancelled Cheque of Company / LLP / Firm
- Class II or Class III DSC
- Copy of Partnership Deed / Incorporation Certificate / Registration Certificate
We are Glad to Help!
All Importers or exporters who import or export goods into and from India require an IEC. Importers must mention their IEC during clearing at customs office, while exporters quote their IEC to send shipments across international borders.
Do Not Worry!
Seasoned team of vendor partners @ Digital Filing is trained to effectively get your IEC issued for YOU!…so that you can focus on your critical business tasks!
What People Frequently Ask…
What is IEC and is it Mandatory?
IEC is a unique ten digit alpha-numeric number allotted to a person / business who is engaged in import / export of goods. IEC is mandatory if you are intending to establish import / export business.
Who can apply for IEC?
Proprietors; Partners; LLP Firm; Private Limited or Public Limited Companies; Government Undertakings; Section 8 Companies; Registered Societies; Trusts; Hindu Undivided Families (HUFs), and others. Experts @ Digital Filings, however, recommends IEC for all the business institutions irrespective of their present requirement.
What are the benefits of having an IEC?
IEC empowers an entity / business owner to enjoy benefits from DGFT, MEIS, SEIS, Customs, and EPC on their import / export transactions.
What is the prescribed government fee for obtaining IEC?
INR 500/- is the government fee paid to DGFT for applying and allotment IEC. The fees can be paid online.
What is the prescribed government fee for obtaining IEC?
Is there any fee for modifying IEC?
What is the penalty for not having IEC?
Do business / individual engaged in the export of service need IEC?
Generally, IEC is not necessary for export of services, however, in the Interest of National Security, Central Government has specified certain services or some equipment which may indulge in import / export of arms or ammunition to register under DGFT and obtain an IEC.
Pocket-Friendly Options
Basic
Package Include:
IEC registration without Digital Signature Certificate (DSC)- + Govt. IEC Fees (Rs 500)
Standard
Package Include:
- GST Registration of the Business + IEC + MSME
- + Govt IEC Fees (Rs 500)
Premium
Package Include:
- GST Registration + IEC + 12+1 GST Filing + MSME Registration
- + Govt IEC Fees (Rs 500)
How we Do It…
Vendors @ Digital Filings will effectively assist in obtaining the IEC in 15 to 20 days (subject to documentation and application processing time), so that you can seamlessly carry your import / export activities.
The Initial but Most Important Steps
Expert partners @ Digital Filings will arrange and furnish all required documents (self-attested), along with your signatures (DSC), for the IEC application in the prescribed format, i.e. Aayaat Niryaat Form 2A (ANF-2A).
Application Submission Time
Once all the documents arranged, Digital Filings will submit the application at the regional authority of the DGFT, where your registered office is situated, for further processing and issuance of your IEC.
Here you Go!
Post a through verification of the application and all the supporting documents provided, the DGFT will duly allot the IEC for your business.
Our Patrons’ Speak
“Heartfelt thank you for proficiently taking care of all the registration related tasks and letting me focus on my business operation without any stress.”
– Srinivasan
“Highly impressed by the personal attention of the professional staff in getting the GST registration done and arranging the MSME certification for my business.”
– Hari
“Thank you Digital Filings for all your professional and timely support in getting my company registered.”
– Sachin Gupta
“I never thought it would be so easy to get my proprietorship firm registered. Thank you team Digital Filings. I will refer your proficient services to my friends too.”
– Pawan
“Thank you for simplifying the so complicated filing and documentation and getting my business smoothly registered.”
– Amit
Mission Statement
Every Partner at Digital Filings is Focused...
...to Provide a Comprehensive Legal Assistance Mechanism...
...Diligently Customized for Emerging Entrepreneurs!
We at a Glance...
Digital Filings is a leading business and legal services provider in India, assisting entrepreneurs in effectively and economically setting-up and managing their venture. Digital Filings consistently ensures that your venture is always compliant, so you can efficiently focus on making your business ascend.
Our strong network of proficient partners thoroughly understands the business specific regulatory/legal requirements and is focused to assist business owners at every stage of their venture.
Our panel of competent professionals, including Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers, Financial Gurus, and Business Experts are just a call away to gladly serve you.
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Why DigitalFilings
Easy Registration
Experts at Digital Filings can proficiently help in registering your sole proprietorship firm, either by getting you a GST / VAT Number, Service / Professional Tax Registration, a Shops & Establishments Act Registration, a Micro, Small & Medium Enterprises (MSME) Registration, or an Import-Export Code.
Supportive Team
The team of well-informed professionals at Digital Filings is just a phone call away to address every concern / query about the registration of your sole proprietorship venture. We will, however, put our best to make sure that all your questions are well-answered even before they strike in your mind.
Expert Support
Experts at Digital Filings precisely understand all of your requirements and strive to ensure that all the desired documents are in place so that you can effectively align yourself with every legal / administrative interaction. We will also provide you complete clarity on the process to set genuine expectations.