Do I Need to Register my Small Business to Get the IEC Code?

Last Updated at: June 10, 2020
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Do I Need to Register My Small Business to Get the IEC Code

Importer Exporter Code (IEC) is mandatory for any individual or a company – who want to increase their Small Business reach internationally. IEC is issued by the office of Director-General of Foreign Trade (DGFT), Ministry of Commerce for import-export businesses in India. 

That means if you have a small business, you have to get the IEC Code. Custom authorities ask IEC at the time of clearing the consignment. Now, it is clear you need IEC. As you have to apply for this license, why not let us have a look at the Dos and Don’ts of IEC registration.

Do’s & Don’ts in IEC registration

  1. Keep the Customer and ECOM reference numbers handy. 
  2. Applicants can save a partially-completed IEC application form online and later continue. 
  3. The user cannot change the registered PAN/Mobile No./e-mail id after completing the IEC registration at the IEC system.
  4. Do check for exemption before you apply for the IEC. Some businesses don’t require an IEC.
  5. Do not apply for more than one IEC against one PAN number. 
  6. One can re-apply against a rejected IEC form
  7. Applicants can view and delete the uploaded files of supporting documents if required while going through the application process.
  8. Provide the correct information in an e-IEC form otherwise, applicants can be penalized and legal action can be taken against him for furnishing wrong or incomplete data. 
  9. The modification facility to your IEC profile is also available at the DGFT website on the online payment of fees of Rs 200/-. 
  10.  It is better to check the adaptability quality of your product in the changing factors in another market before applying for IEC.
  11.  Study about the scope of market access. 
  12.  Choose the product to import or export wisely so that you can take advantage of some exemptions on importing and incentives for exporting. 

register to get Import-export code

IEC Registration Online Process

Vakilsearch helps you avail IEC Certificate in 3 simple steps:

 

  1. We do a thorough check of all the required documents you send to us for filing an IEC
  2. Then we process your application online
  3. We also follow up with the DGFT until your code is issued. The TIN is issued within 10-15 days of the application.

 

So, it’s always better to take the help of an expert. You can apply by yourself through these methods –

Step 1

Go to DGFT Official Website

Step 2

Go to Services>IEC>Online IEC Application in the menu bar. 

Online IEC Application

Step 3

Enter your pan card. 

Enter your PAN Card Details

Step 4

Verify your phone number and Email Id. 

Step 5

  • Start filling the e-IEC application
  • Add entity Details 
  • Add firm’s Details 
  • Details of partners in case of a partnership
  • Upload files 
  • Pay Fees 
  • Preview and Print Application
  • Submit application 
  • Generate and Print IEC. 

Requisite Documents in digital format for small businesses under the Proprietorship

  1. Pan Card 
  2. Passport/Voter Id/Driving License/UID 
  3. Sale Deed, if the business is self-own
  4. Lease agreement if the business has rent option

Requisite documents in digital format for small businesses under the Partnership category

  1. Copy of partnership deed
  2. Passport/Voter Id/UID/Driving License/PAN of the managing partner 
  3. Passport/Voter Id/Driving License/UID 
  4. Sale Deed, if the business is self-own
  5. Bank certificate/canceled cheque

Around 50% of the small businesses in India are highly affected because of trade barriers. Grab opportunities to extend your business with IEC. Check exemptions and incentives for your business.

 

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Do I Need to Register my Small Business to Get the IEC Code?

220

Importer Exporter Code (IEC) is mandatory for any individual or a company – who want to increase their Small Business reach internationally. IEC is issued by the office of Director-General of Foreign Trade (DGFT), Ministry of Commerce for import-export businesses in India. 

That means if you have a small business, you have to get the IEC Code. Custom authorities ask IEC at the time of clearing the consignment. Now, it is clear you need IEC. As you have to apply for this license, why not let us have a look at the Dos and Don’ts of IEC registration.

Do’s & Don’ts in IEC registration

  1. Keep the Customer and ECOM reference numbers handy. 
  2. Applicants can save a partially-completed IEC application form online and later continue. 
  3. The user cannot change the registered PAN/Mobile No./e-mail id after completing the IEC registration at the IEC system.
  4. Do check for exemption before you apply for the IEC. Some businesses don’t require an IEC.
  5. Do not apply for more than one IEC against one PAN number. 
  6. One can re-apply against a rejected IEC form
  7. Applicants can view and delete the uploaded files of supporting documents if required while going through the application process.
  8. Provide the correct information in an e-IEC form otherwise, applicants can be penalized and legal action can be taken against him for furnishing wrong or incomplete data. 
  9. The modification facility to your IEC profile is also available at the DGFT website on the online payment of fees of Rs 200/-. 
  10.  It is better to check the adaptability quality of your product in the changing factors in another market before applying for IEC.
  11.  Study about the scope of market access. 
  12.  Choose the product to import or export wisely so that you can take advantage of some exemptions on importing and incentives for exporting. 

register to get Import-export code

IEC Registration Online Process

Vakilsearch helps you avail IEC Certificate in 3 simple steps:

 

  1. We do a thorough check of all the required documents you send to us for filing an IEC
  2. Then we process your application online
  3. We also follow up with the DGFT until your code is issued. The TIN is issued within 10-15 days of the application.

 

So, it’s always better to take the help of an expert. You can apply by yourself through these methods –

Step 1

Go to DGFT Official Website

Step 2

Go to Services>IEC>Online IEC Application in the menu bar. 

Online IEC Application

Step 3

Enter your pan card. 

Enter your PAN Card Details

Step 4

Verify your phone number and Email Id. 

Step 5

  • Start filling the e-IEC application
  • Add entity Details 
  • Add firm’s Details 
  • Details of partners in case of a partnership
  • Upload files 
  • Pay Fees 
  • Preview and Print Application
  • Submit application 
  • Generate and Print IEC. 

Requisite Documents in digital format for small businesses under the Proprietorship

  1. Pan Card 
  2. Passport/Voter Id/Driving License/UID 
  3. Sale Deed, if the business is self-own
  4. Lease agreement if the business has rent option

Requisite documents in digital format for small businesses under the Partnership category

  1. Copy of partnership deed
  2. Passport/Voter Id/UID/Driving License/PAN of the managing partner 
  3. Passport/Voter Id/Driving License/UID 
  4. Sale Deed, if the business is self-own
  5. Bank certificate/canceled cheque

Around 50% of the small businesses in India are highly affected because of trade barriers. Grab opportunities to extend your business with IEC. Check exemptions and incentives for your business.

 

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