IMPORT EXPORT CODE
Doing business globally from India beyond the limits of domestic market requires you to follow several laws and procedures, and get different registration and license. Import Export Code license is one of such mandatory prerequisites for all business entities in India that are looking forward to start import/export of goods or services from India. The IE Code is issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India.
The Import Export Code is a 10-digit code and it has lifetime validity until the registration is surrendered or revoked or until the business exists. Since there is no need for renewal, filing and updating this code registration, it is recommended for all companies and LLPs to apply for and obtain Import Export Code after incorporation. Without this code, neither importer merchants can import goods nor can the exporter merchants avail benefits for the export scheme, etc. from the DGFT. The IE Code is auto-generated once you submit the online application with the DGFT.
However, a post-verification of the online Import Export Code would be conducted by the authority in accordance with certain guidelines. If any information furnished is found to be incomplete or wrong, penal action would be taken against the applicant and the allotted IE code would be either cancelled or suspended.
Documents needed for the application of Import Export Code Registration:
Copy of PAN card of the proprietor or applicant entity.
Copies of identity – Any of the following documents of the signing applicant are accepted:
Copy of the first and last pages of Passport
Voter’s I-Card
Aadhar Card
Driving License
Address Proof – Any of the following documents are accepted:
Latest electricity/landline/mobile bill copy in the name of the applicant entity
Copy of rental or lease agreement of the premise in case it is rented or leased
Copy of Sale deed if the business premises is self-owned
Cancelled cheque of operational bank account in the name of applicant or Bank Certificate as per ANF 2A.
Digital photograph (3x3cm) of the applicant.
Copy of Partnership Deed in case of Partnership Firm.
Copy of Certificate of incorporation issued by the ROC in case of private limited company or LLP or Section 8 Company.
Copy of the Trust deed or Registration Certificate of Society in case of Society or Trust.
Steps that are involved in the procedure of Import Export Code Registration:
You need to fill up the specified form ANF 2A or Aayaat Niryaat Form no. 2A online in the given format.
All the necessary supporting documents in respect of ANF 2A has to be included along with the form.
Once you complete preparing the application, you need to submit it with the Directorate General of Foreign Trade via Digital Signature Certificate (DSC) and pay the required fee for the registration.
The DGFT will approve the application and issue the Import Export code in a soft copy within 2-5 working days. The applicant will be intimated regarding the allotment of IE Code via SMS and email along with a link through which the e-IEC or the digital copy of the IE Code Certificate can be downloaded.
How Eaccountspro can help you?
Our experienced team of professionals can help you through the entire procedure for preparing the application for IE code registration. We will guide you in every step and ensure that the required supporting documents are accurate so that you have no post-verification liabilities. We can also guide and assist you in updating your profile immediately after the Import Export Code Certificate is issued digitally. You may also consult with us if you have any query or doubts regarding IE code registration.
