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Set up a Import Export Code Firm

  • Get DGFT IE Code to start importing and exporting from India with foreign currency account for FOREX transactions. Unlock LEDGERS with export invoicing capabilities.
  • Guaranteed submission of IEC application within two days in the DGFT office T&C*
  • Make your business global. Apply from anywhere in India with IEC code

10K+ Import Export Code Firms Registered Since 2020

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Register Import Export Code Firm Online through Compliance Gurukul

You can easily complete Import Export Code firm registration online through Compliance Gurukul. For a sole Import Export Code, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:

  • GST Registration
  • Zero-Balance Business Current Account with Compliance Gurukul Software

Once, you have registered for the Import Export Code firm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.

  • Step 1: Login to Compliance Gurukul Software using the email address for payment.
  • Step 2: Go to Services Tab & Select Import Export Code Engagement
  • Step 3: Upload your PAN & Aadhar Card Copy
  • Step 4: An Compliance Gurukul Registration Expert will file the registration application with GST Department and Bank for Current Account.
  • Step 5: Access to Compliance Gurukul Software is for GST invoicing, GST filing and other services.

Importer Exporter Code (IEC Code) Registration Online

International trade is a gateway to a world of opportunities for businesses in India. Whether you're looking to import goods, export products, or expand your business globally, having an Importer Exporter Code (IEC) is your key to entering the international market. This import and export code is issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce. All the importers and exporters in India must know what is IEC Code. For importers, the DGFT IEC and import and export license are indispensable for the clearance of customs and facilitating payments to foreign banks, ensuring smooth international trade transactions. Similarly, exporters rely on the IEC to streamline the process of sending shipments and receiving payments from overseas clients.

Import-Export Code or IEC registration is mandatory for every person and organization engaged in importing and exporting activities from India. Such a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) is necessitated for carrying out customs clearance, export benefits, and expansion in international markets.

Why is IEC Important for Businesses?

An IEC is very important for any company or business as it allows entry into international markets, makes customs clearance easier, ensures that all trade regulations are complied with, and brings business government export benefits. By simplifying such transactions, an IEC makes trade with other countries easier and enhances the possibilities of exporting.

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Checklist Business Name Availability

To register a company in India, the first step is to obtain name approval for the business from the Ministry of Corporate Affairs (MCA). This process takes about 24-48 hours. A private limited company name in India must end with the words private limited. One Person Company ends with (OPC) private limited. LLP end with LLP and Section 8 companies can end with words like foundation, association or institution.

A company name proposed to be registered cannot be identical or similar to an existing company name. Also, every company name must include a word that denotes the activity undertaken. For example, in VERVE Financial Services Private Limited - Financial Services denote the activity undertaken. Check Business Name Availability.

Eligibility and Requirements for IEC Registration

The Proprietor may make an application for IEC if the proprietor has a PAN card, bank account, and proof of address for business. The DGFT shall also physically verify the address at the time of issuing the code.

  • Partnership The partnership firms must present their partnership deed, PAN card, and proof of address. All the partners shall be eligible to file in the name of the firm.
  • Limited Liability Partnerships (LLP's) For LLPs, a partnership deed along with an incorporation certificate is mandatory. Valid bank account and business address proof for the firm is also required.
  • Private Limited Companies A private limited company needs to provide a certificate of incorporation, PAN card with an address proof of the business. The firm has to get registered under Indian law.
  • Public Limited Companies In addition to private limited companies, public limited companies also make use of these documents wherein they use a certificate of incorporation, PAN card, and address proof.
  • Societies, Trusts, and HUFs Societies, trusts, and even Hindu Undivided Families or HUFs can also apply for an IEC. The documents they require are a registration certificate, PAN card, and address proof, for which they would have to produce.

Document Required for IEC Registration

To get an Import Export Code (IEC) in India, you need to submit some key documents. This registration is a one-time process and doesn't require yearly filings, but it’s important to keep your information up to date.

  • PAN Card: A Permanent Account Number (PAN) card for the business or individual applying for the IEC.
  • Identity Proof: This can be an Aadhaar card, passport, or voter ID.
  • Address Proof: Documents like an electricity bill, rent agreement, or property papers can be used as address proof.
  • Bank Certificate or Canceled Cheque: You’ll need a bank certificate confirming your account details or a canceled cheque with the business name.
  • Digital Signature Certificate (DSC): If you are applying online, you may need a DSC for submitting the application.
  • Passport-sized Photograph: A recent photograph of the applicant is required.
  • Certificate of Incorporation or Partnership Deed: If you are a company or partnership, you need to provide these documents to prove the legal status of your business.
  • One-Time Registration: The IEC is a one-time registration with no annual filings. However, it’s important to keep your information updated to avoid any issues.
  • Bank Requirements: Banks often need the IEC when handling foreign currency transactions for imports and exports.
  • Annual Updates: While not required, it’s a good idea to update your IEC yearly if anything changes. You can do this by logging into the IEC portal and submitting the updated details with your Digital Signature.

Timelines

A sole import export code firm registration can normally be done in India through Compliance Gurukul in max 2 weeks. However, the timelines for registration will vary from case to case, depending on the government and bank processing timelines.

Import Export Code FAQ's

IEC registration typically takes 2 to 5 working days after submitting the application, provided all the documents are accurate and complete.

No, each business entity needs its own unique IEC. You cannot use the same IEC for multiple businesses, even if you own them all.

You can check the status of your IEC application by logging into the DGFT website using your credentials. The portal provides updates on the progress of your application.

The fee for IEC registration is minimal, typically around INR 500. Additional fees may apply if you use professional services to help with the process.

IEC Code Full Form is Importer Exporter Code. An Importer -Exporter Code (IEC) is crucial business identification number which mandatory for export from India or Import to India. Unless specifically exempted, any person shall make no export or import without obtaining an IEC.

For the question of what is IEC number, it is the mandatory requirement to conduct the import and export operations in IndiaAll importers must mention their IE Code while clearing customs when their goods arrive in India. All exporters must mention their IE Code while exporting their goods from India. Additionally, RBI now requests persons importing or exporting services mention IE Code in foreign remittances in a bank account. Therefore, IE Code is required for anyone involved in import or export in India.

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