IEC Code Registration Online – Apply Import Export License in India
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Introduction and its Compliance
In today’s globally connected economy, businesses seeking to expand their operations across the borders require legal authorization in order to trade globally. The Import Export Code (IEC) is a mandatory registration issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. Without a valid IEC, no individual or business entity can engage in the import or export of goods and services. At Professionals Law, we offer end-to-end hassle free IEC registration to enable business in initiating and developing their international trade business and to make sure they adhere to the laws.
Why It Is Needed
The Import Export Code is essential for any business intending to engage in cross-border trade activities. Without IEC, businesses cannot legally import or export goods and services. Without IEC, companies cannot import and export goods and services. Customs, bank and many other regulatory bodies ask for IEC while clearing the shipments from foreign countries and in case of sending money abroad. Professionals Law helps businesses obtain this crucial licence, allowing them to unlock global opportunities and operate with credibility in the international market.
Benefits and Advantages
Legal Authorization
IEC provides legal sanction to businesses for engaging in import-export activities, ensuring that their transactions comply with international trade regulations.
Business Expansion
With IEC, businesses can explore new global markets, expand their reach and increase revenue streams. Professionals Law assists businesses in leveraging this opportunity effectively.
Customs Clearance and Remittances
IEC is required for customs clearance of goods and receiving foreign currency payments directly into business accounts.
Lifetime Validity
Once issued, the IEC remains valid for the lifetime of the entity, eliminating the need for periodic renewals, unless surrendered or cancelled.
Simplified Process
With the expert assistance of Professionals Law, businesses can complete the entire registration process quickly and accurately, avoiding unnecessary delays.
Eligibility Criteria
Any of the following entities can apply for IEC registration through Professionals Law:
- Proprietorship Firms
- Partnership Firms
- Limited Liability Partnerships (LLPs)
- Private Limited Companies
- Public Limited Companies
- Trusts, Societies and HUFs
- Individuals intending to engage in import-export activities
There is no minimum turnover requirement to obtain IEC.
- Even newly established businesses can apply.
Book a Free Consultation with Professionals Law
Documents Required
Steps for Getting Registration
Consultation & Document Collection
Our experts understand your business requirements and collect all necessary documents.
Application Preparation
Professionals Law prepares the online IEC application in the prescribed format as per DGFT guidelines.
Submission to DGFT
The application, along with supporting documents, is submitted electronically to the DGFT portal.
Fee Payment
The statutory government fees are paid online.
Verification & Issuance
DGFT reviews the application and, upon verification, issues the IEC in electronic form.
Delivery to Client
Professionals Law shares the IEC certificate with the client and assists in any post-registration formalities.
FAQs
Is IEC registration mandatory for export of services?
Do I need to renew my IEC every year?
Can an individual apply for IEC without having a business entity?
What is the government fee for IEC registration?
Can IEC be modified after issuance?
What happens if IEC is not updated after changes in business details?
Is IEC required for importing goods for personal use?
How does Professionals Law help in IEC registration?
Can IEC be suspended or cancelled?
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