Is IEC registration mandatory?
According to the latest circular issued by the government, IEC is not mandatory for all traders who are registered under GST. Export/ Import done by the Government of India Departments and Ministries, Notified Charitable institutions need not require getting Import Export Code.
How do I register a company for IEC code?
Steps for IEC Registration Process:
- Step 1: Go to the DGFT Website.
- Step 2: Then You need to Go on Services tab.
- Step 3: Enter your PAN number (A Person/if any Company PAN Card)
- Step 4: Enter the your details (As Mentioned on PAN Card)
- Step 5: Enter your mobile number to get (OTP) verification process.
Can I get IEC code without current account?
The bank certificate for IEC Code registration must be on a formal letterhead of the bank and must be by a Bank Manager. The bank certificate is mandatory if you do not have a copy of the Cancelled Cheque.
Can we get IEC code without GST number?
IEC Code for Person not registered under GST For persons who are not required to register under GST, the PAN number shall work as a IEC code. Further, for all new applicants who are not required to register under GST, the application shall be made to DGFT and applicant’s PAN will be authorised as IEC.
How much should I pay for IEC?
IEC code number registration fee is worth Rs. 250.00 and can be pay via EFT (Electronic Fund Transfer), and submit IEC Online Application form. For an instant, the physical application containing required documents should reach DGFT RLA concerned within 15 days of its online submission.
Can I get IEC code without registering the name of company?
Yes, one can get IEC code without registering the name of their company. This condition will be applicable only when you want IEC license under your name. But if you want IEC code in the name of company then one must get their company registered first and then Apply IEC Code Online. Q.)
How to apply for IEC code online?
Find IEC Code Online [ https://www.ieccodeonline.com/] >>> Choose the service >>> choose the type of company >>> Fill in the details of your company >>> Attach the documents [PAN, Address proof, GST certificate & Bank statement] >>> Pay the required fee. Q.) How can I register for IEC?
How do I open a company bank account for IEC?
You need a letter with the AD code from the bank to apply for IEC. Usually when you open a company account, the bank will open a current account by default. Needs of the business are different so current account features are more useful for everyday banking. Hope this helps.
Do I need an IEC code to export?
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. An individual or a business entity needs a 10 digit code to import or export products or services.