IMPORT-EXPORT CODE LICENSE
What is Import-Export Code (IEC) License?
Import Export Code (also known as IEC) is a 10 digit identification number that is issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is also known as Importer Exporter Code.
It is mandatory for companies and businesses to obtain this code to start a business that deals with import and export in the Indian Territory. It is not possible to deal with export or import business without this code.
There are certain processes and conditions that you need to fulfill in order to obtain the Import Export Code. You also need to adhere to certain regulations. Once you fulfill the conditions, you can get the IEC code from the DGFT offices. It has several regional offices throughout the country.
Why this License is Required?
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.
Who can get a Import-Export Code License?
Agriculture Forestry & Fishing
Basic Metal & Fabricated Metal
Chemical Products and Fibers
Coke & Refined Petroleum Products
Mining & Quarrying
Document Required for Import-Export Code License
For Company Pvt. Ltd. Or Ltd.
For Partnership Firm
For Proprietorship Firm
Role of Shamkris and Process of Import-Export Code License
Shamkris adopts a results-oriented approach to compliance with mandatory licence requirements in the organization. A simple and guidance methodology help organisation to achieve licence in a timely manner and cost-effective. Shamkris support 100% in advisory, Guidance, Compliance with respect to license requirements to obtain approval.
The License process described below:
Advisory for the document required
Preparation of documents as per application & list of documents.
Verification of Application by the Department
License issued for Life Time
Yearly Compliance if Applicable
Who can issue the Import-Export Code License?
- Step 1: Go to the DGFT Website.
- Step 2: Then You need to Go to the Services tab.
- Step 3: Enter your PAN number (A Person/if any Company PAN Card)
- Step 4: Enter your details (As Mentioned on PAN Card)
- Step 5: Enter your mobile number to get the (OTP) verification process.
To check whether your IE code has reached DGFT head quarters and the correctness of your IE code details, Click IE Code @ DGFT button.
IEC Code stands for the Import Export Code which is mainly required for the person who wants to export the goods or services to other countries from India. its has been allotted by the DGFT. … IEC Code is required only in the case of “specified” service or “specified” technology.