IEC Import Export Code

IEC Import Export Code Registration

A business entity is required to have an Import and Export Code for Import and exports of goods and services in India. Import Export Code (IEC) is issued by the Directorate General of Foreign Trade( DGFT) and is the same as the PAN Number of the entity. Custom Clearance, payment of customs duty on imports, and Export of goods are done through Import Export Code.

IEC Code is issued for a lifetime; it means that it doesn’t have any expiry. In short, any entity that has IE code doesn’t have to renew its license because it has lifetime validity. And there is no need to file any return.

Reasons to Register an IE Code

The following services for compliance with VAT (Value Added Tax) and CST (Central Sales Tax):

• Every importer, as well as every exporter, is required to register IEC.
• IEC holder is not required to file any returns.
• It is issued for a lifetime and needs no renewal.
• You can avail benefits on the export or import from DGFT, Custom, etc.

Documents Required For IEC for Individuals / Proprietorship

• PAN Card
• Aadhar Card / Voter ID / Passport / DL
• Cancelled Cheque of Current Account
• Passport Size Photo

Documents Required For IEC for Individuals / Proprietorship

• Pan Card of Establishment
• Pan Card of Authorized Person
• Aadhar Card / Voter ID / Passport / DL of Authorized Person
• Passport Size Photo
• Cancelled Cheque of Current Account