Shamkris Group came into existence in the year 2004 with the motto to facilitate businesses seeking single-point solutions for its regulatory and statutory compliance services. Since then Shamkris has become a pioneer in providing compliance services. Read More
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
Aerospace
Basic Metal & Fabricated Metal
Chemical Products and Fibers
Coke & Refined Petroleum Products
Automotive Industry
Shipbuilding
Pharmaceuticals
Nuclear Fuel
Mining & Quarrying
Machinery
Construction
Document Required for Import-Export Code License
For Company Pvt. Ltd. Or Ltd.
- PAN Card Copy of company
- Director list including email id, contact number and resident address
- PAN Card Copy & Aadhar card copy of all director
- MOA & AOA of the Company
- Proof of Address Can be any one of the following documents: Electricity bill, Telephone Bill, Mobile postpaid bill, Sale Deed, Rent Agreement,)
- Proof of Firm’s Bank accounts i) Cancel Cheque ii) Bank Certificate (any one)
- DSC Should be of class III Individual and Organisation Based Tokens
For Partnership Firm
- PAN Card Copy of firm
- PAN Card Copy & Aadhar card of all the partners
- Partners list including email id, contact number and resident address
- Partnership Deed copy
- Proof of Address Can be any one of the following documents: Electricity bill, Telephone Bill, Mobile postpaid bill, Sale Deed, Rent Agreement,)
- Proof of Firm’s Bank accounts i) Cancel Cheque ii) Bank Certificate (any one)
- DSC Should be of class III Individual and Organisation Based Tokens
For Proprietorship Firm
- PAN Card Copy & Aadhar card copy of Proprietor
- Proof of Address Can be any one of the following documents: Electricity bill, Telephone Bill, Mobile postpaid bill, Sale Deed, Rent Agreement, Passport Copy / Voter id/ Driving License Copy (Any one) etc.
- Proof of Firm’s Bank accounts i) Cancel Cheque ii) Bank Certificate (any one)
- DSC Should be of class III Individual and Organisation Based Tokens
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:
- Advertising for the document required
- Preparation of documents as per application & list of documents.
- Application File
- Verification of Application by the Department
- Liaison department
- License issued
- Yearly compliance if applicable
Advisory for the document required
Preparation of documents as per application & list of documents.
Application File
Verification of Application by the Department
Liason department
License issued for Life Time
Yearly Compliance if Applicable
Who can issue the Import-Export Code License?
FAQ
An Importer –Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted.
Steps for IEC Registration Process:
- 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.