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FAQ's
What is the Full Form of IEC?
The full form of IEC is Importer-Exporter Code. IEC is regarded as a key business identification number that is compulsory for the purpose of exporting from India as well as for the purpose of importing into India. Without an IEC, no export or import can be made by any person.
How much time will take to obtain IEC?
The abbreviation of IEC is Importer-Exporter Code. IEC is regarded as a key business identification number that is compulsory for the purpose of exporting from India as well as for the purpose of importing into India. Without an IEC, no export or import can be made by any person. It is not a hard but an easy process to obtain an IEC code from the DGFT within a time span of 2–7 days after the submission of the application. After the IEC Code is obtained, the code is used for the purpose of import as well as export.
What is the validity of IEC?
An Importer Exporter Code (IEC) is valid for the lifetime of the entity that it’s issued to, and its need to be renewed every year. It’s mandatory to update or renew the IEC annually to keep it active.
Documents Required in case of Proprietor?
The documents that are required in the case of a proprietor
- (a) Pan Card
- (b) Aadhar Card
- (c) Cancelled Cheque
- (d) an electricity bill or rent agreement
Documents Required in case of Partnership?
- (a) Partnership Firm Pan Card
- (b) Partnership Deed
- (c) Cancel check of partnership firm
- (d) Aadhar Card and Pan Card of all partners
Documents Required in case of Private Limited or LLP?
The documents that are required in the case of a private limited company, or LLP, are:
- (a) Company Pan Card
- (b) Certificate of Incorporation
- (c) Aadhar Card and Pan Card of all directors
- (d) Company account cancel cheque
What is the Applicability of IEC?
An importer-exporter code is mandatory for the export as well as the import of goods. The IEC Code is necessary for those who want to start their import/export business. The IEC Code is issued by the DGFT, and it is a 10-digit code that has a lifetime validity. The IEC Code is compulsory only for the purpose of commercial and business.
Can you Apply for the Modification in IEC?
Yes, one can definitely apply for the modification of an IEC by updating their existing importer-exporter certificate.
Procedure to Apply IEC Registration?
The full form of IEC is Importer-Exporter Code. IEC is regarded as a key business identification number that is compulsory for the purpose of exporting from India as well as for the purpose of importing into India. Without an IEC, no export or import can be made by any person. The steps to apply for IEC registration are as follows:
- One should fill the online application form.
- Should upload the required documents.
- Must make an online payment.
- Then, the IEC expert will call the applicant to process his/her application.
- Finally, receive his/her certificate via mail.
How to Apply for IEC Registration?
The applicant must fill out the IEC Registration Form and make payment. Otherwise, the applicant can also send their documents to [email protected]
What if you Don’t Know How to Fill this Form?
If the applicant doesn’t know the procedures for filling out the IEC Registration Form, he or she can call the IEC executive. Only the required documents must be sent to them along with the payment. Then the IEC expert will do everything for the applicant.
Do you apply IEC earlier on same PAN?
With the introduction of GST, the IEC code that is issued is the same as the PAN of the firm. The IEC Code is applied on behalf of a firm that may be a partnership, LLP, limited company, proprietorship, trust, or HUF. The firm should have a PAN, or bank account, in the name of the firm along with a valid address before applyin
