Get Import Export Code
All businesses which are engaged in Import and Export of goods require getting registered under Import Export Code. IE Codes when issued can be used by the entity throughout its existence and doesn’t require any renewal or filing. Therefore, it is recommended for most organizations to obtain IE Code, irrespective of if they need it at the moment.
IEC is issued by the Directorate General of Foreign Trade (DGFT), DGFT. Once the application is submitted, DGFT will issue the IE Code for the entity in 15 – 20 working days or less.
Features of Import/Export Code
Importer and Exporter
Any person who intends to import or export goods and services from or to India must obtain Import export Code.
Lifetime - NO Renewal
IE Codes when issued can be used by the entity throughout its existence and doesn’t require any renewal or filing.
Proprietors can have IE Code
Even individuals who are proprietors can obtain the code in their name. It is not necessary to setup a business for the same.
No Return Filing
IEC is only a license permitting the import and export of goods. Therefore, no return is required to be filed under IEC code.
IE Code can easily be obtained from DGFT within 10-15 working days after submission of the application along with all the necessary information. It is not necessary to show proof of any import or export to obtain IE Code.
IEC, once issued, is valid throughout the county, in all your branches or factories. It needs to be quoted while your goods go through customs and while sending money abroad or receiving money from abroad.
Procedure for Import/Export Code
Mybizaid will prepare your IE Code Application in the prescribed format along with the necessary supporting documents and obtain your signature in the application.
Once the application is prepared; Mybizaid will submit the IE Code Application to the Directorate General of Foreign Trade for further processing and allotment of IE Code.
IE Code Allotment
Once your IEC registration is completed we will send IEC number to you by courier.