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IEC Code (Import Export) Registration

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 unless specifically exempted/personal use.

Import Export Code is also known as IEC Code, Import Export license. In this world of Competition among business entities, every organisation wants to expand their business across the globe. IEC Code is mandatory for every business organisation which is planning to engage themselves in Import Export activities with any Foreign country.

Top reasons to get IEC Code

IEC (Import Export Code) is required by anyone who is looking to kick-start import/export business in the country.
It is mandatory to take IEC Code from the DGFT (Director General of Foreign Trade) which has a lifetime validity.
With the implementation of GST, PAN of an entity will be used for the purpose of IEC, it will be alpha numeric (instead of 10 digits numeric at present) and will be same as PAN of an entity.

Benefits of IEC Code (Import Export) Registration

Import Export 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. Below are some important benefits for your understanding:

Global Presence

IEC Code helps to bring your business at Global Platform. It is mandatory for export or import of Business and Services.

No Compliance

Once you have IEC Code Certificate, there is no need of filing any periodic returns or compliance. This is rare in any registration that a business gets in the course of business.

No Annual Maintenance

As there is no compliance listed, there is no requirement of annual maintenance fees to be paid after obtaining this code. There is no requirement of filings or renewal of the registration for each Financial Year or otherwise.

Custom Clearance

IEC Code helps your business to have smooth and hassle-free import export transactions.

PAN Based Registration

The IEC Code is provided based on the Permanent Account Number of the business organisation instead of erstwhile 10-digits number.

GST Refund Benefits

With IEC Code one can file claim for refund of Goods & Service Tax paid by its business. The exporter can make exports without payment of taxes or claim refund if tax is already paid.

Life Time Validity

IEC registration is permanent registration which is valid for life time. Hence there will be no hassles for updating, filing and renewal the IEC registration. It is valid till the business exists or the registration is not revoked or surrendered.

Ease of international Banking transactions

IEC Code helps you to have smooth and hassle-free business transactions with international entities, Bankers will credit your inward remittance with very less documentation.

Reduces the risk of Illegal transportation

IEC helps to eradicate the illegal transportation or illegal exports and imports. The centralised registration helps the officials to supervise and better administer the transactions undertaken as a part of cross border business. The accountability of prohibited or restricted transactions is apportioned well.

Eligibility of IEC Code (Import Export) Registration

Every business whether Sole Proprietorship firm, Partnership Firm, Company, Society, Trust, HUF or any other form of business in India are eligible to apply for IEC Code. The State government or Central government departments are not required to take IEC registration. They are allotted a fixed number which is quoted for any such transactions.

Documents Required for IEC Code (Import Export) Registration

If you are looking for IEC Code Registration with the help of Compliance Calendar LLP, you need not worry on the checklist as we look after end to end service delivery and help you compile all the documents and information required in the processing of IEC Application.

Go through the below documents list:

Proprietorship firms	Partnership firm	LLP firm/ Government Undertaking/ Public Limited Company/ Private Limited Company/ Section 25 Company	Registered Society/ Trust	HUF
Photograph of Proprietor	Photograph of any one authorised partner	Photograph of Authorised Director/Designated Partner	Photograph of Authorised Person i.e. Secretary/President	Photograph of Karta
PAN of Proprietor	Pan of Firm	PAN of entity	PAN of entity	PAN of HUF
Copy of Passport/Voter’s I-Card/ Driving Licence/Aadhar card.	Copy of Passport/Voter’s I-Card/ Driving Licence/Aadhar card of Authorised Partner	Copy of Passport/Voter’s I-Card/ Driving Licence/Aadhar card of Authorised Designated Partner/Director	Copy of Passport/Voter’s I-Card/ Driving Licence/Aadhar card of Authorised Secretary/President	Copy of Passport/Voter’s I-Card/ Driving Licence/Aadhar card of Karta
Address Proof	Address Proof	Address Proof	Address Proof	Address Proof
Cancelled Cheque	Cancelled Cheque	Cancelled Cheque	Cancelled Cheque	Cancelled Cheque
Mobile No., Email Id	Mobile No., Email Id	Mobile No., Email Id	Mobile No., Email Id	Mobile No., Email Id

Legal Procedures for IEC Code (Import Export) Registration

GST Application is completely an online process at www.gst.gov.in. However, it can be summed up in below 4 steps:

Arrangements of all documents as mentioned above
Authorisation to Compliance Calendar or its representative to file the Registration form
Filing of Application form for Registration
Obtaining certificate of Registration of GST

Let us Know in Detail

After receiving the Documents and required information depending on the type of sales and/or services, the GST Application Process starts on the GST Portal. We will file your application online and provide you ARN number immediately. Once the GST application and the attached supporting documents are verified by the backend Officer of the GST Portal, GSTIN and GST Certificate is generated which is sent to you by CCL Team.

Downloads

This section is to help you download some important documents that will help you to move GST Application Faster.

Details Required for GST Application
Letter of Authorization
Board Resolution for GST
GST Invoice Formats

Frequently Asked Questions

How to do IEC Code (Import Export)?

IEC Code (Import Export) is completely an online process at www.gst.gov.in and you can do the same yourself if you have the knowledge about it. However, it is recommended to consult a professional who can help you in entire process of obtaining IEC Code (Import Export). Know that if your details and documents are found inconsistent, the application will get rejected.

How to know my Jurisdiction while applying for IEC Code (Import Export)?

Selecting the right jurisdiction is the first most important task while applying for GSTIN. You can use this link https://cbic-gst.gov.in/know-your-jurisdiction.html to locate your right jurisdiction or get in touch with CCL Team to help you file your GST Application.

Is there any Govt FAQs to get answers to all my queries for new IEC Code (Import Export)?

Thankfully Yes! You can find answers to all your general queries regarding new IEC Code (Import Export) at https://cbic-gst.gov.in/faqs-user-manual-new-gst-registration.html

Can we use provisional GSTIN or do we get new GSTIN? Can we start using provisional GSTIN till new one is issued?

Provisional GSTIN (PID) should be converted into final GSTIN within 90 days. Yes, provisional GSTIN can be used till final GSTIN is issued. PID & final GSTIN would be same.

Whether a separate GSTIN would be allotted to a registered person for deducting TDS (he has PAN and TAN as well)?

Separate registration as tax deductor is required.

How long can I wait to register in GST?

An unregistered person has 30 days to complete its registration formalities from its date of liability to obtain registration.

If I am not an existing taxpayer and wish to newly register under GST, when can I do so?

You would be able to apply for new registration at the GST Portal www.gst.gov.in

Can an unregistered dealer supply goods to other States if his turnover is below Rs. 20 lakhs?

No. The supplier would be liable to obtain registration in case of inter-State supplies irrespective of his turnover.

Is registration necessary if only interstate supply of Nil rated goods is being made?

If exclusively making supplies of Nil rated supplies, registration is not compulsory. Kindly refer section 23 of CGST Act.

If I’m starting new business today, still need to get TIN and then apply for GST? Or can I directly register with GST?

You may directly take IEC Code (Import Export) on www.gst.gov.in

I have not received ARN or have received ARN but not GSTIN, how do I supply goods or services or both?

You can supply goods or services or both on bill of supply without mentioning GSTIN and/or ARN. On receipt of GSTIN, you will need to issue revised invoice mentioning GSTIN. You are required to reflect this supply in your return and also pay tax thereon.

Is IEC Code (Import Export) mandatory for small retailers to buy from dealers/wholesalers?

There is no such requirement under GST law.

How can Compliance Calendar LLP can help you in IEC Code (Import Export)?

We are the market experts in registration and compliance. We can help you with end to end services in IEC Code (Import Export). It is a legal process so it is prudent to assign the work to a professionally managed firm.

Any confusion or query bothering you?

Not to worry at all! Someone from our experienced team will resolve all your queries. Our GST Experts will help you to give you the best advice without any consultancy fees. Get in touch with us. Write to us at info@ccoffice.in or WhatsApp/Call us +91-9988424211.

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