Import Export Code Registration

Introduction

At TAXASTRO ADVISORS, we aim to provide services that cater not only to domestic businesses but also to those expanding into international markets. Before venturing globally, several procedures and regulations must be followed, and various registrations or licenses need to be obtained. One essential requirement for both imports and exports from India is the Import Export Code (IEC). The IEC is issued for a lifetime and does not require renewal.

Why is IEC Important?

The Import Export Code (IEC) is crucial for international trade operations for the following reasons:

For customs clearance of shipments by an importer.
For dispatching shipments from the customs port by an exporter.
For receiving payments in foreign currency directly into the exporter's bank account.
To avail benefits on imports and exports from authorities such as Customs and the Directorate General of Foreign Trade (DGFT).

Documents/Information Required for Registration

A copy of the Permanent Account Number (PAN) card (for Individuals, Firms, or Companies).
Aadhar Card, Passport, or Voter ID (for Proprietors).
Address proof of the firm. If the address is not in the name of the applicant firm, a No Objection Certificate (NOC) from the owner of the premises is required along with the address proof, submitted as a single PDF document.
A bank certificate or a pre-printed cancelled cheque.
Contact details: Mobile number and email ID for all individuals, directors, or partners.
Required documents (any one of the following):

Sale Dead.
Rent agreement.
Lease Dead.
Electricity bill
Telephone bill
Mobile postpaid bill
Memorandum of Understanding (MOU)
Partnership deed

Our Services

At TAXASTRO ADVISORS, we offer comprehensive assistance throughout the IEC registration process, ensuring a smooth and hassle-free experience for your business expansion needs.

Benefits of Having an IEC

Having an Import Export Code provides several advantages for businesses:

Legal authorization to engage in international trade activities.
Access to various export promotion schemes and benefits.
Eligibility for duty exemptions and rebates.
Recognition as a legitimate exporter/importer in the global market.
Ability to participate in international trade exhibitions and events

Frequently Asked Questions

Does an IEC require renewal?

No, the Import Export Code (IEC) is issued for a lifetime and does not require renewal.

Who can apply for an IEC?

Any individual, partnership firm, company, or other legal entity engaged in or intending to engage in import and export activities can apply for an IEC.

Is IEC mandatory for all imports and exports?

Yes, IEC is mandatory for all imports and exports in India, with few exceptions such as personal imports or exports below certain value thresholds.

How can TAXASTRO ADVISORS assist with IEC registration?

TAXASTRO ADVISORS provides end-to-end assistance for IEC registration, including document preparation, application filing, follow-ups with authorities, and resolution of any queries raised during the process.