{"id":945,"date":"2019-11-05T12:44:28","date_gmt":"2019-11-05T12:44:28","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=945"},"modified":"2021-03-22T12:42:25","modified_gmt":"2021-03-22T07:12:25","slug":"how-to-get-iec-code-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/","title":{"rendered":"How to obtain IEC Code in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">IEC stands for Importer and Exporter code. If any individual or company is indulged in the business of import and export, obtaining IEC code is mandatory. It\u2019s a unique ten-digit code issued by Director General of Foreign Trade, Ministry of Commerce (DGFT). In this article, we shall solve the query on how to obtain IEC Code in India.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#What_is_IEC_Code_in_India\" >What is IEC Code in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#When_is_IEC_Code_Required\" >When is IEC Code Required?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#When_is_The_IEC_Code_Not_Required\" >When is The IEC Code Not Required?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#What_are_The_Documents_Required_For_Registration_of_IEC\" >What are The Documents Required For Registration of IEC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#What_are_the_Benefits_of_Registering_IEC_Code\" >What are the Benefits of Registering IEC Code?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#Exemptions\" >Exemptions&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#How_to_Apply_For_IEC_Code_Online\" >How to Apply For IEC Code Online?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#What_are_The_Documents_Required_During_the_Online_Filling_Of_IEC_Code\" >What are The Documents Required During the Online Filling\nOf IEC Code?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#What_are_The_Precautions_to_be_taken_while_filling_For_IEC\" >What are The Precautions to be taken while filling For\nIEC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-iec-code-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_IEC_Code_in_India\"><\/span>What is IEC Code in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>According to the Foreign Trade (Development &amp; Regulation) Act, 1992,<\/strong><\/p>\n\n\n\n<div class=\"shadow1\"><strong>Note:<\/strong> \u201cNo person shall make any import or export except under an Importer \u2013 Exporter Code Number granted by the Director-General or the officer authorized by the Director-General in this behalf, in accordance with the procedure specified in this behalf by the director-general.\u201d<\/div>\n\n\n\n<p>The process of integrating trade and commerce throughout the globe is called globalization. It is a process of expansion of business, services, and even technologies around the globe. Before expanding the business outside India, one should research the government policies for import and export. One of the related policies for export and import business is obtaining the license from Director General of Foreign Trade. It is a unique ten-digit number, mandatory for bona fide individual or for any company commencing export and import business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_is_IEC_Code_Required\"><\/span>When is IEC Code Required?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>When a shipment needs to get the clearance from custom, the customs authorities will demand the same from an importer.<\/li><li>During remitting from foreigner creditors, banks also ask for IEC for smooth money transfer.<\/li><li>Even for receiving the direct foreign currency into bank account exporter needs to provide the IEC to the bank. <\/li><\/ul>\n\n\n\n<p>(a)\nA modification application\nin IEC shall be\nfiled with the RA from where IEC was issued originally.<\/p>\n\n\n\n<p>(b) For modification of IEC details, ANF2A shall be used for modification in the name, address, etc. The modification application must be filed within the time period of 90 days, after which a penalty shall be charged as an additional application fees.<\/p>\n\n\n\n<p>(c) If an IEC has been issued to the proprietor-firm ownership and it has undergoes any change by reason of sale, inheritance, gift or any other reason but even after the change it continues to be a proprietor-firm, then the application by the owner for incorporating such details in the change together with the PAN details of the ownership that is for the new change shall be made before the respective RA. If the nature of firm has changed then the owner will have to comply with the necessary application to incorporate the changes with the concerned RA.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_is_The_IEC_Code_Not_Required\"><\/span>When is The IEC Code Not Required?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>There are circumstances when you export or import outside India IEC code\nis not required:<\/em><\/strong><\/p>\n\n\n\n<ul><li>At the time when government departments are importing or exporting.<\/li><li>Import and Export by certain notified charitable NGOs.<\/li><li>If a person Export or Import products for his\/her personal use.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_The_Documents_Required_For_Registration_of_IEC\"><\/span>What are The Documents Required For Registration of IEC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Checklist of documents required for<\/strong>\u00a0<a href=\"https:\/\/corpbiz.io\/iec-registration\"><strong>IEC Registration<\/strong><\/a>;<\/p>\n\n\n\n<ul><li>Self- attested copy of PAN card<\/li><li>Two copies of passport size photograph duly attested by the respective banker of individual<\/li><li>Individual Voter Id or Aadhar card<\/li><li>Cancelled copy of cheque of individual\u2019s \/Firm\/Company\u2019s Bank Certificate<\/li><li>Copy of rent agreement or electricity bill of the company<\/li><li>Board Resolution<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Benefits_of_Registering_IEC_Code\"><\/span>What are the Benefits of Registering IEC Code?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Import Export Code is popularly known as IEC Code, a ten-digit number unique number issued by DGFT<\/li><li>A person registered with IEC code even can register his \/her business for an International online market like Amazon, Alibaba etc.<\/li><li>Registering for IEC code will help in the expansion of business, and help to reach out to the largest global market.<\/li><li>There is no such requirement for renewal of IEC, as it last until the entity exists.<\/li><li>It provides other benefits given by customs, by the Export Promotion Council and Director General of\u00a0<strong>Foreign Trade<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Foreign_trade_of_India\"><strong>[1]<\/strong><\/a><\/sup>.<\/li><li>The process of acquiring the IEC code is very easy and smooth. After filing the application, only the wait time required is for around 10 to 15 days.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exemptions\"><\/span>Exemptions&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign\ntrade policy of India exempts certain categories of importer and exporter from\nobtaining IEC Code.<\/p>\n\n\n\n<ul><li>Central Ministries or Departments and State government.<\/li><li>Those export and import items which are not related to the trade, agriculture or it can be manufacturing items. In other words, we can say personal use products are exempted from acquiring IEC code.<\/li><li>Those persons who are importing or exporting from and to border areas like Nepal, Myanmar, through Indo \u2013 Myanmar border areas and China, provided CIF value of Rs \u2014 not exceeding above 25,000 for a single consignment.<\/li><li>In the case where the consignment is getting imported or exported from Nathula port, the exemption ceiling is Rs.1 lakh.\u00a0 Here this is      important to mention that exemption from obtaining IE code is applicable in a case where the products getting imported or exported are Special Chemicals, Organisms, material, types of equipment, and technologies listed in appendix 3 of schedule 2 of ITC HS.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Apply_For_IEC_Code_Online\"><\/span>How to Apply For IEC Code Online?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>For applying the IEC code, applications are submitted on DGFT Website.<\/em><\/strong><\/p>\n\n\n\n<p>The\nwebsite provides full information about the list of documents required. The\napplicant has to follow these steps while making applying online for IEC code.<\/p>\n\n\n\n<ul><li>The very first information asked is to fill the details of applicant pan card.<\/li><li>Secondly, enter the applicant name, date of birth\/incorporation details against the submitted PAN card.<\/li><li>Once the PAN card is verified, the next step is to provide applicant\u2019s phone number and email \u2013id for the OTP.<\/li><li>Further, the applicant will be provided 20 digit ECOM(e-commerce) reference number, as the unique identifier for the application.<\/li><li>Thereafter, the applicant has to provide information related to the export-import business entity.<\/li><li>The last is to make the payment, which can be made through any card      debit\/credit or through net banking.<\/li><li>Now, the applicant can proceed toward uploading supporting document. The previous information provided the applicant will appear on the window in ANF-2A form.<\/li><\/ul>\n\n\n\n<p>After the completion of this process applicant will receive an e-IEC certificate. The applicant will receive an Import Export License within 15 days from the date of application.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_The_Documents_Required_During_the_Online_Filling_Of_IEC_Code\"><\/span>What are The Documents Required During the Online Filling\nOf IEC Code?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>For filling application online soft copy\/ scanned copy of the following\ndocuments are required in the format of GIF\/PDF<\/em><\/strong><\/p>\n\n\n\n<ul><li>Photograph, PAN Card and Passport<\/li><li>Bank Certificate,\u00a0Sale Deed, <a href=\"https:\/\/corpbiz.io\/company-registration\"><strong>Company incorporation<\/strong><\/a> certificate<\/li><li>MOM, AOA, Partnership Deed<\/li><li>Govt. ID, (voter ID, Adhaar Card, Driving License and cancelled a cheque<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_The_Precautions_to_be_taken_while_filling_For_IEC\"><\/span>What are The Precautions to be taken while filling For\nIEC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>It\u2019s suggested to not apply for more than one IEC code in India against the same PAN and business.<\/li><li>Be very specific while providing the information about you and business. The applicant could be punished for providing unlawful and incomplete information.<\/li><li>It is important to updated business information (if any) once in every year after receiving e-IEC. The update shall be provided via the\u00a0DGFT\u00a0website.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Once the IEC code is registered with the government, there is no need to file for its renewal. Owner\u2019s brand receives global exposure and increases product market.\u00a0For applying IEC code, DGFT has several regional offices in whole of India. The applicant can visit the nearest office and by fulfilling the various conditions for obtaining a license, can apply for the same.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/importance-of-proper-documentation-before-submitting-iec-application\/\">\nImportance of Proper Documentation before Submitting IEC Application\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IEC stands for Importer and Exporter code. If any individual or company is indulged in the business of import and export, obtaining IEC code is mandatory. It\u2019s a unique ten-digit code issued by Director General of Foreign Trade, Ministry of Commerce (DGFT). In this article, we shall solve the query on how to obtain IEC [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":27939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[166,167],"acf":{"service_id":"16"},"authorName":"Shailza Sharma","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/10\/IMG-20190927-WA0001-150x150-22.jpg","authorDescription":"Miss Shailza Sharma, BA. LLB graduate from Himachal Pradesh University. She holds an experience of 2.5 years in various Legal companies and organizations.","postViews":6280,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/945"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=945"}],"version-history":[{"count":25,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/945\/revisions"}],"predecessor-version":[{"id":27940,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/945\/revisions\/27940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/27939"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}