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IE Code Registration
IE Code Registration
IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code that has lifetime validity. Predominantly importers merchants cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.
Where IEC is required?
- When an importer sends money abroad through banks then it’s needed by the bank.
- When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
- 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 it’s required by the bank.
Documents required for IEC (Import Export Code) Registration
For IEC Code Registration, the following documents are required:
- Individual’s or Firm’s or Company’s copy of PAN Card.
- Individual’s voter id or Aadhaar card or passport copy.
- Individual’s or company’s or firm’s cancel cheque copies of current bank accounts.
- Copy of Rent Agreement or Electricity Bill Copy of the premise.
- A self-addressed envelope for delivery of IEC certificate by registered post.