Any business entity except (Ministries / Departments of Central or State Government and persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture), which imports or expors any goods or services, it needs to have Import Export Code (IEC). IEC is a 10 digit code, issued by the office of the Director General of Foreign Trade (DGFT), DGFT is set up under the Ministry of Commerce and Industry, Government of India. Each state has it's jurisdictional office.
Any business which intends to import or export goods or services for commercial purpose need to apply for it.
Ministries / Departments of Central or State Government and persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture.
The validity of IEC is permanet, no renewal is required.
ICEGATE is the Indian Customs Electronic Gateway (ICEGATE) is the national portal of Indian Customs of Central Board of Indirect Taxes and Customs (CBIC) that provides e-filing services to the Trade, Cargo Carriers and other Trading Partners electronically. To facilitate trade and to avoid separate registration of importers and exporters at various custom houses under the Indian Customs EDI system, Customs & DGFT have established connectivity through ICEGATE. Once you allpy IEC code, the DGFT will issue it and it transfers this informatoin to Customs ICEGATE. Where you can check the satus of IEC Custom BIN Status. The importer or expoerter has to check the status of correctness of IEC both at DGFT and Customs, if the data is same, it is ok otherwise, you have to contact the DGFT and make the data corrected. Plese note that if both the DGFT and Cusotms data are same, then there is no problems in importing or exporting goods or services.
For availing authorization to import or export or any other benefit or concession under Foreign Trade Policy 2023, as also to avail the services or guidance, exporters are required to obtain RCMC granted by the concerned Export Promotion Councils/FIEO/Commodity Boards/Authorities. An application for obtaining RCMC is required to be made in ANF 2C to register and becoming member of Export Promotion Council or Federation of Indian Exports Organisation (FIEO). Exporter should declare his main line of business and obtain RCMC from the Council which is concerned with the product of his main line of business. Multi-product exporters and products not covered under any EPC can obtain RCMC from FIEO. The validity of RCMC is 5 years from 1st April to 31st March. Presently DGFT is issuing e-RCMC to all the exporters through their common portal.
Now, the issuance of Import Export Code (IEC) is made easy. You can apply online and the system will generate it online. The cost of gettting Import Export Code (IEC) is cheaper. You can get IEC in Rs.500/-. IEC once issued is permanent and no renewal is required. We are not required to file any return or report with the office of Director General of Foreign Trade, Governmen of India.
Getting Import Export Code (IEC) helps you to get your business registered in International Markets.
If you have Import Export Code (IEC), you will get rebate on Import Duty, Refund of Taxes, Incentives from Customs Department. Registration cum Membership Certificate (RCMC) helps you to avail authorisation to import or export or any other benefit or concession under Foreign Trade Policy 2015-20.
When a business entity getting inward remittance from exprots and remitting for exports, the bankers insists you to provide Import Export Code (IEC) and hence Import Export Code (IEC) is mandatory for remitting money in import and export transactions.
Having Import Export Code (IEC) for a proprietorship which is into import or export business is recognised as legal entity. With this Import Export Code (IEC), a proprietor can open his/her Current Banking Account and do the import and export business.
We will apply Class-III DSCs through eMudhra Portal Online.
We will prepare the applicatoin forms and submit online application with Director General of Foreign Trade (DGFT) office and pay the requisite fee.
After Aadhar authentication or Digital Signature, the system will generate the Import Export Code (IEC) online and sent it through email to the Authorised person concerned.
Once you get the Import Export Code (IEC), you can also apply for below registrations.
There are around 26 Export Promotion Counsils, where you can apply for Registration cum Membership Certificate (RCMC) and avail authorisation to Import or Export Goods or Services.
To explore international markets, better you enlist with Amazon.com, Alibaba.com, Aliexpress.com, DHGate.com, and many more online marketplaces to connect with the global customers for your products.
If your business deals in export or import of Food, Food Items you need to apply for Food License with Food Safety and Standards Authority of India.
GST registration is Mandatory if you are a Taxable dealer in sale of Goods or supply of Services.
To get the customs clearance, a Certificate of Origin is required. Agricultural & Processed Food Products Export Development Authority (APEDA) will issue Certificate of Origin to exporter of Agricultrual and Processed Food Products. For export of Engineering goods, EEPCINDIA will issue the Certificate of Origin.
If you are exporting agri products, an APEDA License is required.
If you are exporting sea food, you need to apply for MPEDA License.
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Rambabu Director, Cybervillage Solutions Pvt ltdIEC or Importer Exporter Code is a unique 10-digit alpha numeric code issued on the basis of PAN of a business entity.
To import or export any goods or services, IEC Code is mandatory. No person or entity shall make any Import or Export without IEC Code Number, unless specifically exempted.
It is valid permanently, no renewal is required.
<Any business entity or even an individual can also get IEC.
You can get IEC with the office of the Director General of Foreign Trade (DGFT).
Now with in 10 minutes, you will get your IEC.
It is completely online, you can apply at www.dgft.gov.in.
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