[vc_row full_width=”stretch_row” bg_type=”image” parallax_style=”vcpb-vz-jquery” bg_image_new=”id^8379|url^http://localhost/bthawk/wp-content/uploads/2017/05/2-1.jpg|caption^null|alt^null|title^2-1|description^null” enable_overlay=”enable_overlay_value” overlay_color=”rgba(255,255,255,0.99)” el_class=”section38″ css=”.vc_custom_1496391664219{padding-top: 4% !important;}”][vc_column width=”2/3″][vc_custom_heading text=”Import Export Code” font_container=”tag:h2|font_size:34|text_align:left” use_theme_fonts=”yes” el_class=”vcr_heading-right” css=”.vc_custom_1554887169496{margin-bottom: 0px !important;}”][vc_column_text][dt_sc_separator][/vc_column_text][vc_column_text css=”.vc_custom_1554909824959{padding-right: 10% !important;}”]All businesses engaged in importing and exporting goods must have an Importer Exporter Code.[/vc_column_text][ultimate_spacer height=”10″][vc_row_inner][vc_column_inner width=”1/2″][bsf-info-box icon=”Defaults-group users” icon_size=”” icon_color=”” title=”Data Check” hover_effect=”style_3″ pos=”left”]We do a thorough check of the files you send in.[/bsf-info-box][/vc_column_inner][vc_column_inner width=”1/2″][bsf-info-box icon=”Defaults-thumbs-o-up” icon_size=”” icon_color=”” title=”Receipt of License” hover_effect=”style_3″ pos=”left”]The TIN will be issued within 15 days of the application.[/bsf-info-box][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″][bsf-info-box icon=”Defaults-dollar usd” icon_size=”” icon_color=”” title=”Online Application” hover_effect=”style_3″ pos=”left”]Our team will process your application online. We will also follow up with the department regularly till your code is issued.[/bsf-info-box][/vc_column_inner][vc_column_inner width=”1/2″][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/3″][ultimate_pricing design_style=”design05″ color_scheme=”custom” color_bg_main=”#54e7b3″ color_bg_highlight=”#54e7b3″ sub_heading_tag=”h2″ package_price=”₹2000″][/ultimate_pricing][contact-form-7 id=”8441″][/vc_column][/vc_row][vc_row full_width=”stretch_row_content_no_spaces” equal_height=”yes” content_placement=”top” el_class=”dt-sc-dark-bg” css=”.vc_custom_1554802605034{padding-top: 5% !important;}”][vc_column width=”1/2″ el_class=”rs_col-sm-12 dt-sc-dark-bg left-right-space” css=”.vc_custom_1496141359781{padding-top: 70px !important;padding-bottom: 60px !important;background-color: #202020 !important;}”][vc_custom_heading text=”Frequently Asked Questions” font_container=”tag:h2|font_size:40px|text_align:left” use_theme_fonts=”yes” el_class=”vcr_float_right”][dt_sc_accordion style=”frame” framed_accordion_type=”type3″][dt_sc_accordion_tab title=”1. What is IE Code?”][vc_column_text css=”.vc_custom_1554910125927{margin-bottom: 0px !important;}”]IEC Stands for Importer Exporter code which is a 10 digit number issued by Director General of Foreign Trade, Department of Commerce, Government of India. It is a registration required for traders importing or exporting goods and services to or from India.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”2. Why is IE Code required?”][vc_column_text css=”.vc_custom_1554910137224{margin-bottom: 0px !important;}”]Import Export Code number is a proof of a firm as an Exporter/Importer in India. IE code can be submitted with government authorities as a proof of trade to obtain various benefits on their exports / imports from DGFT, customs etc.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”3. What is Merchandise export from India (MIES) scheme?”][vc_column_text css=”.vc_custom_1554910148112{margin-bottom: 0px !important;}”]Under the MEIS Scheme, numerous rewards and incentives are provided to exporters. Such incentives are given to exporters at a prescribed rate which varies from product to product.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”4. Who requires an Importer Exporter Code?”][vc_column_text]Any person/company dealing in international trade of export and import need to register for IE code.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”5. Is there any tax levied based on IE Code?”][vc_column_text]IE Code is not a tax registration. However, certain customs duty may be levied.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”6. Can Export /Import be made without having an Importer Exporter Code?”][vc_column_text]No. IEC is a mandatory document for recognition by Govt. of India as Exporter / Importer of goods and services.. However, if value of goods is too low, the custom authorities may permit first export by imposing nominal charges.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”7. Can individuals obtain IE Code?”][vc_column_text]Anyone who is acting as sole proprietor of a business can obtain IE code Registration.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”8. What are the documents required for IEC registration?”][vc_column_text]To obtain IE code registration, a copy of PAN Card, proof of address of business and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] and a cancelled cheque is required.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”9. How long does it take to obtain IE Code registration in India?”][vc_column_text]IEC Registration can be obtained from the DGFT in 10-15 working days after submission of all required documents and application form.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”10. What is the penalty levied for not registering for IE code?”][vc_column_text]IE Code is not a mandatory registration, only importers and exporters of goods or services need to have IE Code. Therefore, there is no penalty for not having IE Code registration.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”11. Can Export /Import of good and services be made without Importer Exporter Code ?”][vc_column_text]No. IEC is a mandatory document for recognition by Govt. of India as Exporter/Importer. However, if value of goods is vey law, the concerned customs officer may permit first export (only one time) by imposing penal charges.
[/vc_column_text][/dt_sc_accordion_tab][dt_sc_accordion_tab title=”12. Does Custom department use IEC?”][vc_column_text]Yes, IEC number is reflected in all customs documents related to exports and imports.
[/vc_column_text][/dt_sc_accordion_tab][/dt_sc_accordion][/vc_column][vc_column el_align=”left” width=”1/2″ el_class=”rs_col-sm-12 aligncenter fullwidth-cover left-right-space” css=”.vc_custom_1554800772219{padding-top: 70px !important;padding-bottom: 60px !important;background: rgba(0,0,0,0.9) url(http://localhost/bthawk/wp-content/uploads/2017/05/auditingparallax1.png?id=7994) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;*background-color: rgb(0,0,0) !important;}” addstyles=”background-attachment:fixed !important;”][vc_custom_heading text=”What is a Import Export Code?” font_container=”tag:h2|font_size:40|text_align:center” use_theme_fonts=”yes” text_transform=”uppercase” css=”.vc_custom_1554909948924{margin-bottom: 0px !important;}”][dt_sc_separator class=”aligncenter”][vc_column_text]

Import Export (IE) Code is a 10 digit code issued by DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India to Indian Companies. It is a registration required for persons importing or exporting goods and services from India.

It is mandatory for all importers to mention their IE Code while clearing customs when their goods arrive in India. Similarly, all exporters must mention their IE Code while exporting their goods from India. Additionally, the Reserve Bank of India has made it compulsory for all the traders to mention IE code while making a payment transfer to a foreign bank account. Therefore, the IE Code is essentially required for anyone involved in import or export in India.

IE Code once issued can be used by the entity throughout its existence and do not 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.