Sage-Tips

How do I use Importer Exporter Code?

Steps for IEC Registration Process:

1. Step 1: Go to the DGFT Website.
2. Step 2: Then You need to Go on Services tab.
3. Step 3: Enter your PAN number (A Person/if any Company PAN Card)
4. Step 4: Enter the your details (As Mentioned on PAN Card)
5. Step 5: Enter your mobile number to get (OTP) verification process.

Why import export code is important?

Export import codes are important for importers at the time when shipments get cleared from customs and when funds are sent overseas. For exporters, it is essential when money is transferred to their bank accounts and when sending in their shipments.

What is importer exporter code (IEC)?

An Importer Exporter Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC. For services exports however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.

What is the import export license certificate?

Import Export Code is a ten digit code which is issued by DGFT, the purpose of Import Export License Certificate is to regulate and monitor the foreign trade activities in India. For carrying out Import Export activities in India obtaining IEC registration is compulsory, without having IEC license no business can involve in import export activity.

How to obtain the IEC code online?

To sum it up, the following is the process to obtain the IEC code online. Step 1: Obtain a digital signature (class 2 or class 3) for your self/organisation from one of the authorised agents of DGFT. Currently there are three: n-code, emudhra, and safe-script; who are authorised to issue the digital certificates.

Why is IEC Registration necessary for Indian companies?

It is necessary for Indian companies to have IEC registration if companies want to expand their business via Import and Export. Import Export Code is a ten digit code which is issued by DGFT, the purpose of Import Export License Certificate is to regulate and monitor the foreign trade activities in India.