Quick Checklist
- Photograph of all the applicant
- PAN Card of all the applicant
- ID Proof of all the applicant (Driving License/Passport/Voter ID)
- Entity Pan Card (If Any)
- Cancelled Cheque or Banker Certified for IEC.
IEC Registration
All you need to know
All businesses which are engaged in Import and Export of goods compulsorily require Import Export Code / IEC Registration.
What is Import Export Code?
Import Export Code (in short IEC Code) is a ten digit number with permanent validity granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/ company for carrying out import/export. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
When will there be requirement of IE code?
At following instances the IE Code would be required:
- When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
- When an importer sends money abroad through banks then it’s needed by the bank.
- When an exporter has to send his shipments then it’s needed by the customs port.
- When an exporter receives money in foreign currency directly into his bank account then submission of IEC is required by the bank.
One doesn’t need to be a registered entity to apply for import export code; you can apply even as an individual. IEC Certificate is also known as Export License, Import License, IE Code, IEC code, EXIM License. All have the same meaning.
Important Note: As per the recent notification from the GDFT, One needs to renew / update the IEC License every year during April to June.
caagrawalkanhere is a group of intellectuals. The entire team of caagrawalkanhere consists of Highly qualified CA, CS, Lawyers and business administrators. caagrawalkanhere would be a one stop destination for your Import Export code registration registration in Mumbai. We also provide services like Start up advisory, Secretarial compliance services, PAN / TAN application, DIN registration, GST registration, Trademark registration, GST / Income tax return filing and many more. You may get in touch with our compliance manager on 07552761432 or email at info@caagrawalkanhere.com for free query and to know more about the services provided by us.
Benefits of IEC Registration in India
Points to make your decision easy
IEC is valid for lifetime
An online Import Export Certificate once issued is valid for lifetime and has no expiry date. However, it requires to be renewed / updated online every year. IE code is valid nationwide and across all factories or branches of the organization.
Required by Importers
All importers who wish to import goods in India need to have a valid IE Code. IE Code must be mentioned in all relevant customs documents. Bankers would require you to have valid IEC registration for making payments abroad.
Required by Exporters
All exporters who export goods out of India need to have a valid IE Code. It must be quoted in relevant customs documents. Bankers would require you to have an IEC registration while receiving money from abroad from your customers.
Global market reach
An Import Export registration unlocks the opportunities to reach in the Global / International Business Market.
IEC For Individuals
An individual may also apply for Import Export Code registration There is no restriction on you to have a business registered.
Quick Processing
You need not submit any proof for import or exports for applying for IEC Code. IEC Application is online process.
Documents Required for IEC Registration
How to get IEC Registration
5 easy steps
1
Complete a Simple Form
2
Submit Documents
3
Verification of Documents
4
Application for IEC Registration
5
IE Code Allotted
Fill a Simple Checklist
A Compliance Manager from team CA Agrawal Kanhere will get in touch with you to obtain your documents along with a simple checklist for Import Export Code registration. You need to fill up that checklist and submit along with all the required documents for processing.
Application
After verifying the documents, we would proceed with IEC registration formalities. We will apply for the same online in Aayaat Niryaat Form 2A (ANF 2A). All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of the same
IEC Allotment
Once the application for IEC registration and the attached supporting documents for the Import Export Code are verified by the concerned Government Officer, the Directorate General of Foreign Trade will allow an Import Export Code registered for your business.
FAQs On IEC Registration
Get answers to all your queries
Any bonafide person/ company starting a venture for International trade.
Application for obtaining IEC Number in made online at DGFT website https://dgft.gov.in in the prescribed form ANF 2A.
Yes, PAN is mandatory. Self-Certified Photocopy of PAN card of the Applicant has to be submitted along with the application.
All applications will be processed and disposed within 5-6 working days of their receipt.
• Notification No. 20/2000/RBI dated. 3rd May 2000. Applicants are also required to furnish
i. Copy of Money invested report filed before the Regional Office of RBI.
ii. Copy of Report filed in Form FC-GPR, Part A for the issuance of shares to Regional Office of the Reserve Bank of India.
iii. If specific permission has been granted by RBI regarding Non-Resident Interest, then copy of that permission to be furnished with Application form ANF-2A.
Reviews
Surabhi Rajput
I did my import export certificate from CA Agrawal Kanhere india private limited thank you so much anitha for reaching out to us before we need to pay the penalty.. And thank you caagrawalkanhere for making my work done on time? would recommend to others.
