An Importer and Exporter code is the 10 digit code, which is unique code. Who is engaging with the Import & Export business in India, need the Importer and Exporter code.
An Importer and Exporter code is the 10 digit code, which is unique code. Who is engaging with the Import & Export business in India, need the Importer and Exporter code. The Director General of Foreign Trade (DGFT) is gives the code. The Ministry of Commerce and needs no filling or renewal. IEC is needed by importers to clear customs & shipment and money transfer to the foreign banks. Exporters needs the IEC to send shipments & receive money from foreign banks. Mainly, without getting of IEC, should not operate the importer & Exporter business in India.
• The person can use the Importer and Exporter code for the personal use, but, which is not connected to the trade, manufacture and agriculture. • The single person is export/import goods with the Nepal and Myanmar through Indo-Myanmar border area & China (through Gunji, Namgaya, Shipkila, Nathula ports) with one load doesn't above Indian Rs.25000. • From the given IEC, the Special Chemicals, Materials, Organisms, Equipment & Technologies (SCOMET) is listed in Appendix-3, Schedule 2 of ITC (HS) are not applicable for the Import and Export code. Exports by category (which is in the 2nd) has the exception. • Central & State government of Ministry/departments Here is the list of the permanent IEC numbers shall be used by non-commercial PSUs & importer/Exporter categories of mentioned oppose them for IE (Importer/Exporter) purpose. S.No Code Number Categories of Importer & Exporter 1 0100000011 All Ministries/Department of Central Government agencies fully/Partially withhold by them. 2 0100000029 All Ministries/Department of State Government agencies fully/Partially withhold by them. 3 0100000037 Diplomatic personnel/Counselor office in India & UNO officials and its expertised agencies. 4 0100000045 Indians returning or going to foreign & Below the baggage rules get benefits. 5 0100000053 For personal use, Importing/Exporting goods used by Persons/Hospital/Institution, don't connected with trade/manufacture/agriculture. 6 0100000061 Persons Importing/Exporting goods to or from Nepal 7 0100000070 Persons Importing/Exporting goods to or from Myanmar through Indo-Myanmar border areas. 8 0100000088 Ford Foundation 9 0100000096 Importers importing goods for display or under provisions of ATA carnet. Under the Para 2.29 of HBPv1, the IEC number also be used by importers importing to the display. 10 0100000100 Director, Reference laboratory of National Blood Group, Bombay or their authorized offices. 11 0100000126 Individuals/Registered NGOs/Charitable institution importing goods, these all are except in the custom duty as per Ministry of Finance for bonafide use by victims affected by natural calamity. 12 0100000134 Persons importing/exporting allowable goods as in the allocated time from China through Gunji, Namgaya, Shipkila, Nathula ports, subjected to high for the one consignment. 13 0100000169 The firm have authorized by RBI (reserve Bank of India) for the non commercial imports/exports by firm. The PSU (Public sector Undertaking) have withhold the PAN, so the Importer Exporter code number is also required. The Non Commercial PSUs used the above given Permanent IEC number.
The comparison of the LEC registration documents requirements are less for the IEC registration. Get the list of IEC registration
To get the IEC registration, should fill the online application form in the format of Aayaat Niryaat From no.2A. It should filled by the Director General of Foreign Trade (DGFT), and also filled at offline by the DGFT at regional office.
Submit all the documents, also the DSC and bank details.
After that, allot the Importer Exporter code (IEC) & will continue the process.
After the verification of the documents & application, getting the IEC license in the form of soft copy in the firm address.
• Registration of IEC helps to traders will produce the product to the Venture to global market, including registration in online e-commerce operators. • The government schemes of the business is Merchandise Export from India Scheme (MEIS), Service Export from India Scheme (SEIS) and other scheme is in customs & Export promotion. • For registration, no compliance needed, so business maintaining is very easy. • IEC process is not hard but it requires minimum effort, basic documents.
Each and every type of business registration, should get register the Importer Exporter Goods. such as Sole Proprietorship, Private Limited Company, Partnership and Charitable organization of the export & import of Goods. In all the type of company registration of the export & import Goods should register for Importer & Exporter Code, which is vary in the size. So, IE code is no need for Import & Export of Goods for an individual use. It is unconnected to the Manufacture, trade, agriculture. In that sector don't require the business set up.
If you have register Import Export code once, it will be valid for whole lifetime, however, IEC code number is permanent one, no need to renewal. when the business ceases to exist, the IEC code number will lost or your registration is ceased. The monthly or annual fillings such as GST, PF, etc., are shouldn't need for this business.
The Export Promotion Council body under the Government of India given the RCMC Registration cum Membership Certificate. It should have in the export of restricted things business dealings and looking for allowance under Foreign Trade Policy as duty withdraw.
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