Obtaining an Import Export Code (IEC Code) is simple. PennBase offers IEC Code Online Registration Services. Our clients may rely on us for a comprehensive range of import and export licensing services. Continue reading...
The Import-Export Code (also known as the IEC code) is a ten-digit identifying number provided by the Department of Commerce, Government of India's DGFT (Director General of Foreign Trade). It is also referred to as the Importer-Exporter Code. Without this IEC code, it is impossible to do export or import transactions. The IEC code is used by customs officers to identify exporters and importers.
An IEC code must be quoted when filing an entry in the Customs Declaration page. If you fail to quote an IEC code, the system will reject your entry.
The IEC should be included in the header section of the Customs Declaration page. If not, we will have to print the declaration form again before filling it in.
You can find the IEC code on the header page of the Customs Declaration form. This code appears after the word "Declaration" and before the word "Signature".
You can also search for the IEC code on our website using the Search function. Just enter the relevant information and click "Search". A list of results will appear. Select the appropriate result and click on "View Detail". You will see the IEC code along with other information about that particular shipment.
The IEC code is also required when making a request for a Packing Slip. This document is used by customs officers to identify the contents of your shipment.
Number of the Import-Export Code
An Importer-Exporter Code (IEC) is a crucial corporate identifying number required for export from or import into India. No one may export or import without first obtaining an IEC, unless explicitly exempted. The IEC should be displayed on the packaging of any commodity that is to be exported from India.
An IEC can be obtained by filing an application with the Customs Department. The application should be filed at the customs office in the place where the exporter has its head office or principal place of business as stated in the declaration form. The application should be supported by two recent passport-sized photographs of the applicant. It takes about 15 days to get an IEC after an application has been filed.
The IEC must be displayed on the outside packaging of the goods being exported from India. It can also be displayed on the bill of lading or other shipping documents used by the exporter to ship the goods to their destination countries. However, it cannot be written over the net weight or volume limits set by the government for specific products. For example, you cannot write "tea" as the IEC when exporting tea leaves because Indian tea exports are limited to $20 million per year. You should only use the IEC for products that fall within this limit.
Importers must also comply with certain restrictions when using the IEC.
Anyone wishing to launch an import/export company in the country must have the International Electrotechnical Commission (IEC)IEC (Import Export Code). The DGFT is in charge of issuing it (Director General of Foreign Trade). IEC is a 10-digit code that is valid for a lifetime. It is necessary for all companies involved in import or export activities.
There are three types of IEC codes: national, regional and international. A national code is required by any company planning to engage in foreign trade within the country. A regional code is required for companies trading in more than one country but within a single region (for example, Europe). An international code is required for companies wanting to trade abroad.
A company cannot start importing or exporting without an IEC code. However, they can change their code at any time by applying for an update. The process requires proof of identity and citizenship, as well as payment of a fee.
Companies can also apply for a temporary IEC code while their main office is being set up. This can be done at the DGFT office in Delhi. There is no charge for this service.
It is important to note that the IEC code is different from the ECLatent number. The ECLatent number is issued by the government department in charge of patents and trademarks. It is necessary for registering products as well as obtaining a patent or trademark.
To begin the procedure, you must perform the following steps:
What is the difference between an Import and Export Code and an Import License? Unless it is revoked or relinquished, an IEC code is always valid. While a "License for Export or Import" is authorisation from the central government to engage in any limited import or export of products. These can be granted for specific periods or indefinitely.
An IEC code is generally issued by a customs office to traders who need to file declarations when importing goods into India. These codes are necessary because there is no system of automated identification and tagging of goods with electronic data sheets as in some other countries. The IEC number is used instead. Each product imported into India needs to be declared on a form called an Import Declaration (ID). The ID must be filed with the appropriate customs office before the import can take place. A copy of the ID should also be sent to the regulatory body responsible for monitoring imports - the Central Goods and Services Tax (CGST) Cell at [email protected]
The process of filing an ID requires you to provide information about your company, its employees, their qualifications, their contact details etc. This is done during the registration process of the IEC code.
An IEC code is valid for a specific period. It can be renewed once if not expired. However, the registration process might get complicated if it has been a while since the previous registration was done.
An import-export code is a one-of-a-kind number assigned to an applicant by the regional office of the Director General of Foreign Trade (DGFT) who intends to engage in any export or import transaction. In the business world, it is referred to as "Import-Export Code, IE Code, or IEC."
An applicant can be an individual or company that wants to sell products in foreign markets. The DGFT issues an IE code after verifying their credentials as a legitimate trader. An applicant has to register with the DGFT to obtain an IE code. There are two ways to do this: through a state-level trade agency or directly with the DGFT. Only those agencies registered with the government can grant registration certificates.
The registration process involves several documents being submitted to the trade agency for verification. These include proof of identity, address, and payment of fees. The applicant also has to provide details about themselves such as their background, experience, and location of operations. Based on all this information, the agency will decide whether to issue a certificate of registration. If so, the applicant will then receive a copy of their registration certificate from the agency.
There are two types of IE codes: provisional and permanent. A provisional IE code is valid for a year and can be renewed once. It can be used by the same applicant for importing goods into India. A permanent IE code is valid for five years and cannot be renewed.