Import Export Code IEC

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What is Import Export Code?

Cross-selling products outside the domestic boundaries is known as Import/Export.
For doing such activities, we need to get registered and hence the code is required which is known as Import/Export code.

Why Import Export Code is required?

For your easy operation at custom and with banks. Also it helps you get subsidy as per govt. incentive and GST refund

Is it mandate to get IEC code?

Yes. Unless if your firm is registered under GST, then your PAN is your IEC. Also if you are importing / exporting for your personal use, it is not required.

Advantages of Founderscart.in

1) Quick process via FoundersCart.in,
2) Full-time support,
3) One stop for everything, PAN, GST, DSC at a cost no one can match

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Documents Required For Import Export Code IEC

Proprietor

  • PAN (Permanent Account Number) of all proposed directors (Self attested)
  • Identity Proof (Voter Id, Passport, Driving License) of all proposed Directors. (Self attested)
  • Latest passport size Photographs of all directors.
  • Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement not older than 1 Month (Self attested)

One Person Company

  • PAN (Permanent Account Number) of all proposed Share Holders (self attested)
  • Identity Proof (Voter Id, Passport, Driving License) of all proposed ShareHolders (Self attested)
  • Latest passport size Photographs of all Share Holders.
  • Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement not older than 1 month (Self attested)

Private Limited

  • Electricity Bill along with Rent Agreement OR Ownership proof and NOC

Public Limited

  • INC 14
  • INC 15
  • Projected Income and Expenditure Account
  • Grounds for making application

Partnership Firm

LLP

NGO

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Why is Import Export Code Required

Eligible for buying/selling throughout the world

Any businesses including individual that wish to deal in import and export, must have this code by Director General of Foreign Trade. It is a 10 digit code. Do it now, you may need it anytime. It costs nothing except govt. fees

What documents I need for IEC

All you need is your PAN and bank details a mobile phone and your DSC. Rest watch the video, it will teach you for free. Just in case you still need help, take a consultation from us. We can get your DSC hassle free at minimal cost

Where is IEC code needed.

Importer - for shipment clerance and to send money from bank Exporter - for sending shipment and receiving money to bank. IEC is not needed for traders registered under GST, in such case PAN of the trader will be the IEC.

Advantage of IEC for Business.

1) One time, valid for life time of the business. No annual returns 2) Simple documentation. Our video will teach you, to do yourself 3) Assist you to take your product to global market 4) Eligible for subsidy or get your GST input refund. 5) Be accountable to remove illegal trade.

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Why FoundersCart exists?

Now, more than ever, the world needs entrepreneurs. They are the ones who take risks to achieve their dreams. They have the power and courage to change lives.


But here is the biggest challenge entrepreneurs face!

It's tough to know where to start, what resources are available, and how to take the business idea from concept to reality.

The journey is full of challenges , there is a lot of competition, and the odds are stacked against survival.

Keeping entrepreneurial moral is difficult, statistics say over 80% entrepreneurs quit within the first two years.


FoundersCart was created by a team of Chartered Accountants with an Idea to help entrepreneurs overcome these challenges.
We observed over 10,000 businesses and break down the path to success into key actionable steps. We curated selection of the best tools and resources that have helped many businesses grow faster. From CRM, web design templates and branding tools, to e-commerce platforms and marketing resources, we've got everything you need to make your business successful. Plus, our community of entrepreneurs is here to support you every step of the way.

So if you have an entrepreneurial spirit, now is the time to put it to good use. The world needs your ideas, your energy, and your passion. Together, we can make a difference.

Frequently asked questions

What is IEC?

IEC Stands for IMPORTER EXPORTER CODE

Can Export/Import be made without IEC?

No. IEC forms a primary document for recognition by Govt. of India as an Exporter/ Importer

What are the benefits of IEC?

On the basis of IEC, companies can obtain various benefits on their exports/ imports from DGFT, Customs, and Export Promotion Council etc

Is PAN Number/PAN card essential / What are the alternatives?

Yes, PAN is mandatory. Self Certified Photocopy of PAN card has to be submitted along with the application.

Whether more than one IEC can be issued against one PAN?

Only one IEC would be issued against a single PAN number. Any proprietor can have only one IEC number and in case there are more than one IECs allotted to a proprietor, the same may be surrendered to the Regional Office for cancellation

NRI- How an applicant (NRI) can apply?

NRI has to follow the normal application procedure. In addition permission from RBI/ FIPB is needed in some cases.

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