IE Code Registration

The Import Export (IE) Code, essential for trading goods internationally, is a unique number granted by the DGFT, without which importing or exporting is prohibited. Both the Merchandise Export from India Scheme (MEIS) and Service Export from India Scheme (SEIS) necessitate this code. Obtaining an IE Code from the DGFT typically takes 2-5 working days upon submitting the required details. While not mandatory for all traders, it's crucial for import-export businesses and doesn't involve filing returns.

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

Obtaining this code allows these entities to engage in international trade seamlessly.

Exemptions of IE Code:

Import operations fall under clause 3(1) with exceptions (e) and (l), while exports are governed by section 3(20), excluding (i) and (K), as per the 1993 Foreign Trade Rule Order.

Ministries and departments are aligned with either the State or Central Government.
Individuals can import/export items for personal use unrelated to trade, manufacturing, or agriculture.
Exemptions primarily apply to goods categorized as Special Chemicals, Organisms, Materials, Equipment, and Technologies (SCOMET).
Exporting or importing goods from nearby countries like China, Nepal, Myanmar, or the Indo-Myanmar border through ports such as Gunji, Namgaya, Shipkila, and Nathula is allowed. The exceptions consider the CIF value, capped at Indian Rs. 25,000, except for Nathula port, allowing values up to Rs. 1, 00,000.

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IEC REGISTRATION (Required Documents)

For IEC Registration, required documents vary based on the business structure:

1. Proprietorship:

Proprietor's pan card
Proprietor's aadhaar card
GST Certificate
Cancelled cheque from the company's current account
Email ID & Mobile Number

2. Partnership:

Company's PAN
Partnership Deed
All partners Pan card & Aadhaar card
GST Certificate
Company Current Account Cancelled cheque
Email IDs & Mobile Numbers of all partners

3. Private Limited / OPC / LLP:

Incorporation Certificate
Company's PAN
PAN card & Aadhaar cards of all directors
GST Certificate
Cancelled cheque from the company's current account
Email IDs & Mobile Numbers of all directors

These documents are necessary for IEC Registration based on the specific type of business entity.

Benefits of IE code

IEC registration offers lifetime validity, eliminating the need for renewals and ensuring compliance-free operations.
This crucial license mitigates the risk of illegal transportation, easing cross-border transactions legally.
It's a chief legal permit that simplifies international trade without any filing or renewal obligations per financial years.

Enjoy seamless, hassle-free business across borders with this enduring IEC registration.

FAQ'S

IEC, short for Import and Export Code, is a crucial number required for both importing and exporting goods. This code is mandatory for facilitating international trade operations.

IEC is a must for anyone engaged in import or export activities; without it, no imports or exports are allowed.

No. It is mandatory for all import and export business.

Companies can access export or import benefits through DGFT, Customs, Export Promotion Council, and similar entities.

Yes. It is possible.

Yes. PAN number is essential for IEC.

Normally within 2 to 3 working days.

No. IEC is a permanent documents. And it is not item based.