Import Export Code Registration

 An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. 

Import Export Code is required in the following situations

  1. When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
  2. When an importer sends money abroad through banks then it’s needed by the bank.
  3. When an exporter has to send his shipments then its needed by the customs port.
  4. When an exporter receives money in foreign currency directly into his bank account then its required by the bank.


Validity of Import Export Code:

Import Export Code Registration is permanent registration which is valid for a lifetime. Hence, there will be no hassles for updating, filing and renewal of Import Export Code registration. It is valid until the business exists or the registration is revoked or surrendered. Further, unlike tax registrations like GST registration or PF registration, the importer or exporter does not require to file any filings or follow any other compliance requirement like annual filing.

As Import Export code registration is one-time and requires no additional compliance, it is recommended for all companies and LLPs to obtain IE code after incorporation.

IE Code Exemption

An Import Export Code is required for import of any type of goods by a business. However, the following category of persons are exempted from obtaining an IE Code:

  • Importer and export by central Government or agencies or undertakings for defence purpose or other specified lists under Foreign Trade (exemption from the application of Rules in certain cases) Order, 1993.
  • Import or Export of Goods for personal use.

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