IE Code stands for Import Export Code, which is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT) to Indian businesses involved in the import or export of goods and services. It is mandatory for all businesses engaged in import or export activities to obtain an IE Code from the DGFT.
The IE Code is valid for the lifetime of the business and does not require any renewal. It is issued for the purpose of facilitating international trade and does not confer any exemption or benefits to the business.
The IE Code can be used by businesses to clear customs, obtain export benefits, and avail of certain schemes and incentives provided by the government. It is also required to open a bank account, file tax returns, and obtain various licenses and permits related to import-export activities.
To obtain an IE Code, businesses must submit an online application to the DGFT, along with the necessary documents and fees. The process for obtaining an IE Code is relatively straightforward and can be completed within a few days.
📖 Go to the Directorate General of Foreign Trade (DGFT) website and create an account.
📖 Once you have created an account, log in and click on the 'Services' tab.
📖 Under the 'Services' tab, click on 'IEC' and then click on 'Online IEC Application'.
📖 Fill out the online application form with your personal and business details, including your name, address, contact information, and business type.
📖 Upload the required documents, such as your PAN card, proof of address, and bank statement.
📖 Pay the application fee, which can be done online through various payment modes.
📖 Once the application is submitted, you will receive an Application ID number. You can use this number to track the status of your application.
📖 After the application is processed, the IE Code will be issued to you and sent to your registered email address.
It is important to note that certain types of businesses, such as those involved in restricted or prohibited goods, require additional approvals and documentation to obtain an IE Code. You should check with the DGFT or a professional consultant to ensure that you have all the necessary documentation and approvals for your business.