Import Export Code (IEC)

Obtain Your IEC License with Legal AT: Your Gateway to International Trade

Welcome to Legal AT, your trusted partner for comprehensive legal solutions in India. If you’re looking to venture into international trade, acquiring an Import Export Code (IEC) License is your first step towards seamless transactions.

Our expert team at Legal AT is here to guide you through the process, ensuring a smooth and efficient experience.

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What is an Import Export Code?

An Import Export Code (IEC) License is a mandatory requirement for businesses engaged in importing or exporting goods and services from India.

It is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. This unique code facilitates international trade and helps in tracking transactions.

Process of Obtaining an Import Export Code (IEC)

Preparation of Documents: Before applying for an IEC License, ensure you have the necessary documents ready. Our team at Legal AT will assist you in preparing and organizing these documents to streamline the application process.
Online Application Submission: Once your documents are in order, we will guide you through the online application submission process. The application is submitted through the DGFT portal, and our experts will ensure accuracy and completeness to avoid any delays.
IEC License Processing: After submission, the DGFT will review your application. Our team will keep you updated on the status of your application and address any queries or additional requirements from the authorities promptly.
Issuance of IEC License: Upon approval, you will receive your IEC License electronically via email. This license is valid for a lifetime and does not require renewal, simplifying your international trade operations.

Benefits of Import Export Code

Obtaining an Import Export Code (IEC) for your business offers several significant benefits, especially if you are involved in international trade.

Here are some key advantages:

Legal Requirement: An IEC is mandatory for importing and exporting goods and services from India. Without this code, you cannot legally carry out international trade.
Customs Clearance: An IEC simplifies the customs clearance process for imported and exported goods, ensuring smoother transactions at ports.
Availing Benefits and Subsidies: Businesses with an IEC can avail various benefits, subsidies, and schemes offered by the Directorate General of Foreign Trade (DGFT), Export Promotion Councils, and other government bodies.
Export Incentives: IEC holders can take advantage of export incentives such as duty drawbacks, Merchandise Exports from India Scheme (MEIS), and other financial assistance programs designed to promote exports.
Reduction of Trade Barriers: An IEC helps in reducing trade barriers, providing businesses with easier access to international markets and improving their competitiveness.
Access to Export Finance: IEC holders can access various export finance options, such as pre-shipment and post-shipment finance, which can improve cash flow and support business growth.
Foreign Trade Policy Benefits: IEC holders can benefit from various provisions under the Foreign Trade Policy, which may include special incentives, duty exemptions, and promotional schemes.
Simplified Documentation: An IEC simplifies the documentation process for import and export transactions, reducing the complexity and time required for compliance.

Documents Required For IEC License Registration

Proof of establishment: Incorporation or registration of the partnership, society, proprietorship firm, company, HUF, etc.
Individual’s or Firm’s or Company’s copy of PAN Card.
Individual’s voter id or Aadhar card or passport copy.
Individual’s or company’s or firm’s cancel cheque copies of current bank accounts.
Copy of Rent Agreement or Electricity Bill Copy of the premise.
A self-addressed envelope for delivery of IEC certificate by registered post.

Eligibility Criteria for IEC License

Any individual or business entity engaged in import or export activities in India is eligible to apply for an IEC License. There are no restrictions based on turnover or size of the business. Whether you’re a small-scale exporter or a large corporation, Legal AT will assist you in obtaining your IEC License hassle-free.

FAQ

Do I need an IEC License for export of goods under the Exports from India Scheme (MEIS/SEIS)?

Yes, an IEC License is mandatory for availing benefits under the MEIS/SEIS scheme.

Can I apply for multiple IECs using the same PAN card?

No, each entity is allowed only one IEC against a single PAN card.

Is there a validity period for the IEC License?

No, the IEC License is valid for a lifetime and does not require renewal.

Can I modify the details in my IEC License after issuance?

Yes, certain details can be modified online through the DGFT portal, and our team can assist you in this process.

Get your IEC at the Earliest

Acquire your IEC License with ease and embark on your journey into international trade confidently with Legal AT by your side. Contact us today to learn more about our comprehensive legal services tailored to meet your business needs.