Import and Export

If you are thinking of starting a business of Import and Export of goods and services from India, then you have to comply with rules and regulation of DGFT. You need to obtain Import and Export code (IEC) from DGFT. IEC means Import and export code. It is a 10 digit number issued by Director General of Foreign Trade, Department of Commerce, Government of India. Financial institutions such as banks require the IEC of importing or exporting party in order to approve payment to and from other countries. This code allows you to expand your business on an international scale.

It also allows you the benefit of gaining profits from importing or exporting goods courtesy of the customs and export promotion council as well as the DGFT.

Frequently Asked Questions

How to apply for Import and Export Code?

An application to the Regional Authority of the Directorate General of Foreign Trade (DGFT) to be made in the Aayaat Niryaat Form 2A (ANF 2A) format in the region where the registered office of the company is situated.

What are the details required for Import and Export Code?

The Application Form ANF 2A entrains the General details of the business and its proprietors, partners or directors, Bank account detail and bank certificate from the period where it has an account the bank.

What are the documents required for IEC ?

The following documents are required for IEC registration:

• PAN card of all Members
• Aadhar card of all members
• Business place electricity bill
• Passport size photo
• Bank certificate

What is the validity of the IEC Code ?

The IEC code is valid for lifetime, that is, there is no need to renew it. This code is generated within 8-10 working days after the documents are submitted and all the corrections required are made.

How much time does it take to get a IEC registration ?

Its take 3-4 working days from the date of application to obtain IEC registration