What is IEC code?

IEC code stands for Import Export Code, which is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) to businesses or individuals involved in import or export of goods and services from India. The code is mandatory for any business or individual seeking to engage in import or export activities and is valid for the lifetime of the entity or individual. The IEC code is used as a unique identification number for tracking the movement of goods and services across the border and is required for customs clearance.

Who Need to Register for IEC code?

Any business or individual involved in the import or export of goods or services from India is required to obtain the Import Export Code (IEC) registration. This includes manufacturers, traders, exporters, importers, service providers, and other entities involved in cross-border trade.

The IEC code is mandatory for all entities or individuals who engage in import or export activities, irrespective of their turnover or size of the business. The registration process is simple and can be done online through the DGFT website or through authorized agencies.

Therefore, if you are planning to engage in import or export activities from India, it is essential to obtain the IEC registration to ensure legal compliance and smooth operations.

Procedure of Online IEC code Registration through LegalHisaab

Legalhisaab is the most famous IEC registration service provider in India. We process IEC registration Application within same days. Legalhisaab IEC experts will assist you in getting the IEC registration and also provide free consultation.

• Get Free Consult with our Experts
• Provide Documents and Details
• Our Exports will process your application in same day
• Application number shall be shared for your reference
• IEC Department will issue Certificate in within 1-2 working days*
• As soon as we will get your IEC Registration Certificate, we will send you by E-mail.

Benefits of IEC Registration

The Import Export Code (IEC) registration provides various benefits to businesses and individuals involved in import or export activities from India. Some of the key benefits are:

• Legal Compliance: The IEC registration ensures that the business or individual is operating legally and complies with the regulations and rules of the government.

• Global Recognition: The IEC code is a unique identification number that is recognized worldwide, which provides credibility and authenticity to the business or individual.

• Facilitates International Trade: The IEC code facilitates smooth and hassle-free international trade by enabling the business or individual to obtain various benefits, such as subsidies, benefits, and incentives provided by the government.

• Access to International Markets: The IEC registration enables the business or individual to explore new international markets and expand their customer base, thereby increasing profitability and growth.

• Easy to Obtain: The IEC registration process is simple, and it can be done online through the DGFT website or authorized agencies.

• Lifetime Validity: The IEC code has lifetime validity, which eliminates the need for renewal or reapplication, thereby saving time and resources.

In summary, obtaining the IEC registration is essential for businesses and individuals involved in import or export activities to operate legally, gain global recognition, facilitate international trade, and access new markets.

Steps after Obtaining IEC Registration

After obtaining the Import Export Code (IEC) registration, businesses or individuals involved in import or export activities need to follow certain steps to ensure compliance with the regulations and smooth operations. Here are some of the essential steps to follow:

• Use the IEC Code: The IEC code needs to be used in all export and import transactions, including customs clearance, shipments, and other relevant documents.

• Comply with the Regulations: The business or individual needs to comply with the regulations specified by the government, such as customs regulations, foreign trade policy, and other relevant rules.

• Maintain Records: The business or individual needs to maintain records of export and import transactions, invoices, shipping documents, and other relevant information as per the government regulations.

• File Periodic Returns: The business or individual needs to file periodic returns with the concerned authorities, which provide details of the export and import transactions.

• Renew the Registration: The IEC registration is valid for the lifetime of the entity or individual, and there is no need for renewal. However, in case of any changes, such as change in address or constitution, the registration needs to be updated with the DGFT.

• Seek Professional Help: The business or individual can seek professional help from customs brokers, freight forwarders, and other agencies to ensure compliance with the regulations and smooth operations.

By following these steps, businesses or individuals involved in import or export activities can ensure compliance with the regulations, use the IEC code effectively, and operate smoothly with the IEC registration.