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Import Export Code or IEC also known sometimes as IE Code is a unique 10-digit code issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industries, Government of India. This Import Export Code is required to conduct any import export related activity within the Territory of India. Without obtaining this code, an individual cannot conduct import export business in Jaipur. Therefore, for a person to be involved in import and export business it is necessary to obtain the Import Export Code.
It is necessary to obtain this IEC code in order to be able to do the import export business. Without the IE Code it is not possible to carry out any form of import or export. The process of acquiring an IE Code is pretty easy and the code can be acquired by applying for it with the Directorate General of Foreign Trade (DGFT).
In cases where the international trade falls under the category of services or exchange of technology, the IE Code is not required except in certain special instances. In transactions such as these, the IE Code is required only in those cases where the trade is restricted by the government of India, such as automatic guns and nuclear weapons. IE Code registration in Jaipur is also not needed in the cases where the goods imported or exported are for personal use of the importer/ exporter or the trade is carried out by some government ministry or department.
We at Company vakil help you register for Import Export Code or IE Code (IEC) from Jaipur. Jaipur aka India’s ‘pink city’ is the capital of Rajasthan. It houses the world famous Amer Fort. It is one of the most famous tourist spots in Jaipur. It is also one of the UNESCO world heritage sites. It is made of marble and sandstone. This fort derives its name from a nearby temple- Ambikeshwar Temple (devoted to lord Shiva). On the contrary, according to other theories, it derives its name from Amba or Goddess Durga. Amer was initially ruled by the Meenas, but this fort was constructed by a Kachwaha ruler, Raja Man Singh.
There are a number of reasons for IE Code registration in Jaipur. They are as follows:
Now, the process of obtaining an Import Export Code has been provided an online platform and thus can be done easily. In case a person fills an offline application, it has to be submitted in the nearest zonal office. The procedure is:
All the documents are required only in the scanned form. You can attach the document in the form after the payment or e-mail it to us on firstname.lastname@example.org. Feel free to get in touch for any query.
Following documents need to be submitted by the applicant for IE code registration in Jaipur:
A 10 Digit Code issued by the Directorate General of Foreign Trade to facilitate Import and Export in businesses is known as an Import Export Code.
No, a Single person cannot obtain more than one Import Export Code Registration in India
All Exporters are required to mention IE Code to the customs while exporting their goods out of India and All Importers are required to mention IE Code while clearing the customs.
IE Code is not a mandatory registration, only importers and exporters of goods or services must have IE Code. Therefore, there is no penalty for not having IE Code; however, import / export will not be possible without an IE Code.
No. IE Code is not a tax registration. So no tax is levied based on IE Code during import or export of goods or services. However, customs duty maybe levied.
If you have taken IEC Certificate in new process e-IEC online, then you can download your certificate any time by login into the IEC portal with your username details. But if you had taken your IEC in physical process, you have to re-apply for e-IEC with all the documents and DGFT will provide you certificate in new online format.
IEC is only a license permitting the import and export of goods. Therefore, no return is required to be filed under IEC code.
In IEC license if you and your company wants any modification in details, then you can do it online through your IEC application. IEC modification required resubmitting the application with the DGFT once again with all the required documents. Also, IEC modification fee needs to be submitted with the department.
The total cost of registration of IE Code online in Jaipur with Company vakil is INR 1899.