What is the Validity of IEC?

The full form of IEC is Importer- Exporter Code. IEC is regarded as a key business identification number that is compulsory for the purpose of export from India as well for the purpose of import to India. Without having an IEC no export, as well as import, must be made by any person. The IEC was founded in London and held its first meeting on 26th and 27th June in the year 1906.IEC is regarded as a key business identification number that is compulsory for the purpose of export from India as well for the purpose of import to India. Without having an IEC no export, as well as import, must be made by any person.

It is not a hard process but an easy process to obtain IEC Code from the DGFT within a time span of 10-15 days after the submission of the application. After the IEC Code is obtained, the code is used for the purpose of import as well as export. The validity of the IEC Code remains for its lifetime unless and until one’s canceled it.

IEC Code is regarded as a key business identification number that is compulsory for the purpose of export from India as well for the purpose of import to India. Without having an IEC no export, as well as import, must be made by any person. The following documents required in the case of the proprietor are:

  1. Pan Card.
  2. Aadhar Card.
  3. Electricity Bill or Rent Deed.
  4. Cancel Cheque.

Without having an IEC no export, as well as import, must be made by any person. The documents required in case of Partnership are as follows:

  1. Partnership Firm Pan Card.
  2. Partnership Deed.
  3. Aadhar Card and Pan Card of all partners.
  4. Cancel Cheque of Partnership Firm.

An Importer Exporter Code is mandatory for the export as well as the import of goods.  IEC Code is necessary for those who want to start their import/export business. The IEC Code is issued by the DGFT and it is a 10-digit code that has validity for a lifetime. The IEC Code is compulsory only for the purpose of commercial and business.

The Procedure to apply for IEC Registration are as follows:

  1. One should fill the online application form.
  2. Should upload the required documents.
  3. Must make an online payment.
  4. Then, the IEC expert will call the applicant to process his/her application.
  5. Finally, receive his/her certificate via mail.

The applicant must fill the IEC Registration form and make payment. Otherwise, the applicant can also send their documents at iecgstport@gmail.com

 

 

 

 

 

 

 

 

About the Author

You may also like these