Import Export Code
Dedicated CA Alloted
Time Taken 5-7 Days
Free Consultation Support
100% Online Process
Simplifying Import and Export!
2,170+
IEC Applied
14,400+
Satisfied Client
Import Export Code
Premium
₹ 9,999/-
100% Free GST Registration
01 Year GST Return Filing
Dedicated GST Expert
Documents Required
Photo
PAN Card
Aadhar Card
Email & Phone No.
Cancelled Cheque
FAQ
No, it is not necessary to register a business entity to obtain an IEC. Unregistered businesses like sole proprietorship businesses can obtain Import Export Code against their PAN Number.
It has lifetime validity. There is no renewal process for Import Export Code,
Import Export Code is used by:
- The IEC is quoted on all shipping bills, import bill of lading and customs clearance documents
- Banks needs exporters IE code for receiving remittances from abroad.
There is no penalty for not obtaining an IEC. However, without an authorized code persons/entities will not be able to import/export goods and services out of india.
The Import Export Code has national validity, Multiple IECs for different branch offices in India is not allowed, and only one IEC can be issued against a single PAN.
Once the Import Export Code is issued, no further procedures/annual fees/legal compliances are required to maintain the validity of the same.
Tax benefits under Indirect Taxation laws allow exporters to save the cost of export at a reasonable price. Various schemes like Merchandise Export from India Scheme (MEIS) or Service Export from India Scheme (SEIS) have been introduced by the government, and can only be availed if the IE Code is quoted.
With the implementation of GST, the registered GSTIN will be used for the credit flow of IGST on the import of goods, and for a rebate of IGST in relation to export of goods.