Import Export (IE) registration, also known as Importer Exporter Code (IEC) registration, is a mandatory requirement for businesses involved in international trade in India. Here's an overview:
1. Importer Exporter Code (IEC): A unique 10-digit code issued by the
Directorate General of Foreign Trade (DGFT) for import and export
activities.
2. Export Import License: Required for specific products, such as textiles,
handicrafts, and chemicals.
1. Legality: Mandatory for import and export activities in India.
2. Unique Identification: IEC code serves as a unique identifier for
businesses.
3. Simplified Procedures: IE registration simplifies import and export
procedures.
4. Government Benefits: Eligibility for government schemes, subsidies,
and incentives.
1. PAN Card: Permanent Account Number (PAN) card of the business or
individual.
2. Identity Proof: Identity proof of the business owner or authorized
signatory (Aadhaar card, driving license, etc.).
3. Address Proof: Address proof of the business (rent agreement, utility
bills, etc.).
4. Bank Account Details: Bank account details of the business.
1. Online Application: Submit the application on the DGFT website.
2. Document Upload: Upload the required documents.
3. Payment: Pay the registration fee (currently ₹500).
4. Verification: Verify the application and documents.
5. IEC Code Generation: Receive the IEC code.
1. Application Submission: 1-2 days.
2. Verification: 2-5 days.
3. IEC Code Generation: 1-2 days.
