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An import export code is a unique 10-digit code that is required for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require their IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.
When starting an import and export company in India’s Indian Territory, firms and businesses must have this code as per government rules and regulations. Without this code, it is impossible to conduct export or import transactions.
Import & Export (IEC) is mandatory for everyone who wants to start an import-export business in the country.
The Import-Export (IEC) is primarily used by importers and exporters, and without it, they are unable to take advantage of the DGFT’s export schemes and other benefits.
Furthermore, the requirement of Import Export Code Registration becomes even more important in the following cases:
Importers and Exporters can apply for Import Export Code Online. Thus, the need for Digital Signature of business owner / director for Import Export Code arises.
Digital Signatures [DSC] are the most preferred way to apply for the online IEC code application.
The DGFT also has a one-of-a-kind Digital Signature Certificate that it issues to organisations who already have an IEC code for export and import. Using this one-of-a-kind DSC, applicants can save up to 50% on License Fees.
CA-Support India can help arranging digital signature [DSC] for the applicant
The procedure to get the Importer Exporter Code Certificate is explained in detail below:
Step1: Visit the official DGFT website. Click on the ‘Services’ tab on the homepage and Select the ‘IEC Profile Management’ option from the drop-down list.
Step2: A new page will open. Click on the ‘Apply for IEC’ option on the Page.
Step3: Click on the ‘Register’ option. Enter the required details and click on the ‘Sent OTP’ button.
Step4: Enter the OTP and click on the ‘Register’ button.
Step5: Upon successfully validating the OTP, the User will receive a notification containing the temporary password, which can change after logging into the DGFT website.
Step6: After registering on the DGFT website, log in to the website by entering the user name and password.
Step7: Post login, click on “Apply for IEC” on the Dashboard. Click on the “Start Fresh Application” button or the “Proceed with Existing Application” button if the User has already saved a draft application.
Step8: Fill out the application form (ANF 2A format), and Enter the details in the General Information Section:
Step9: Under the declaration, accept the terms and conditions by clicking on the check box.
Step10: Check the Application Summary and click on the Sign button to sign the Application using a digital signature certificate or Aadhaar.
Note: These details will be verified in real-time from the CBDT database.
Step11: Confirm and proceed to make the payment against the Application.
Step12: After Successful Payment, the Page shall be redirected to the DGFT Website, and the receipt shall be displayed; the User can also download the ticket.
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