The Import and export code is a registration that is a compulsory license which an importer and an exporter must have for their business of import and export of goods.
After the complete registration of the business, a ten digit code use to be provided by the Directorate General of Foreign Trade, Ministry of Commerce and Industries, India. The Import and export code can be used till and throughout the existence of the business as it does not need to renew the code after any certain of time. Without getting or obtaining this code the importers are not allowed to import their product and if the exporters do not have this code then they cannot take the benefits of the Export promotion council, of the DGFT customs. During the process of clearing the customs the importers are needed to be quoted the IE code, in order to send the money abroad and in the case of the exporters the IE code is needed while shipping the products and the banks also need to have this code in order to recieve the money from abroad.
You can do the Import and Export Code registration through the Tradenfill.
List of Documents, which are needed for the Import and Export Code (If you are owner)
- Photocopy of PAN card.
- Photocopy of Aadhar Card.
- Passport size photograph.
- Driver License.
- Voter ID card.
- Authorization Letter.
- Copy of partnership, In case of the partnership.
- The board resolution.
- Telephonic bills in the name of the individuals.
- The Authority from the directors in case of the company on the letter head.
- Cancelled cheque.
List of Documents that are required for the Import and export Code license (In case of the company)
- Photocopy of the PAN card of the company or firm.
- Photocopy of the property papers of the company.
- Photocopy of the papers of the rent agreement, if it is rented.
- Requirement of the NOC by the Landlord. (We will provide the valid template or format).
- The photocopy of service tax returns.
- The electricity and the telephonic bills.
- The bank statement of the firm is required.
- Article of Association.
- Memorandum of Association.
- The letter head of the company.
- The cancelled cheque.
Steps to carry out, to apply for the Import and Exports code
- The Application Preparation
In the first step to get the Import and Export code, an application must be prepared in the Aayaat and Niryaat form 2A format to the DGFT in the respected region the office of the company is located.
- The processing of the Application
All the documents related to the business like the copy of the property paper of the company, the cancelled cheque, the bank account statement, copy of the service tax returns, and all the other documents are need to be submitted with the ANF 2A form in which the digital signature is required of the applicant.
- The fee payment
After the completion of the application form processing, it needs to be filed with the Directorate general of the foreign Trade with which the fee is needed to be get paid by the applicant.
After the successful completion of above three steps. The department of the IEC reviews the application form and the attached documents with it, they will make the needed changes and edits if they are required in the form and after that it would be send to the applicant. You have to then give the reply to the DGFT in 15 days neither the application would get rejected.
- The issuance of the Import and Export Code
After the successful completion of the above four steps, the IE code is given to the applicant. You would get the soft and the hard copy of the code.