Import Export Code or IE Code is required for undertaking import of export transactions and availing benefits under schemes like SEIS or MEIS. Jltriangle offers IE Code registration from Rs.4899/- all inclusive fee.

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Eligibility

All entities in India involved in the import or export of goods/services from India would be required to obtain IE Code from the Director General of Foreign Trade.

Requirements

To obtain IE Code from the DGFT, the applicant must submit copies of identity and address proof along with a proof of operational bank account in the name of the applicant.

Importer Exporter Code

Import Export (IE) Code is a registration required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IE Code application must be made to the Directorate General of Foreign Trade along with the necessary supporting documents. Once, the application is submitted, DGFT will issue the IE Code for the entity in 15 – 20 working days or less.

Validity of IE Code

IE Code registration is permanent registration which is valid for life time. Hence, there will be no hassles for updating, filing and renewal of IE Code registration. It is valid till 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 IE code registration is one-time and require 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 are category of persons are exempted from obtaining an IE Code:

  • Importer and export by central government or agencies or undertakings for defense purpose or other specified list under Foreign Trade (exemption from application of rules in certain cases) Order, 1993.
  • Import or Export of Goods for personal use.

RCMC Registration

Persons having import export code can apply for and obtain RCMC registration. Registration-Cum-Membership Certificate (RCMC) is a certificate that validates an exporter dealing with products registered with an agency/ organization that are authorized by the Indian Government. The certificate is issued for five years by the Export Promotional Councils or commodity board in India. An exporter desiring to obtain an RCMC has to declare his mainstream business in the application. This application would be submitted to the Export Promotion Council/ Commodity Board relating to that line of business.

9 Articles to Read Before Obtaining IE Code

Documents Required

Procedure for submitting IE code application along with the documents required for obtaining IE code. Any business in India that imports or exports goods and/or services would be required to submit an IE code application with the DGFT.

Application Process

Procedure and documents required for obtaining IE Code. ‘Import Export Code’, most popularly known as IE Code, is a 10 digit number issued by the Director General of Foreign Trade. ‘Import Export Code’ is the mandatory requirement for all the persons who are engaged in either importing and/ or exporting goods or services from India.

RCMC Registration

Registration-Cum-Membership Certificate (RCMC) is a certificate that validates an exporter dealing with products registered with an agency/ organization that are authorized by the Indian Government.

Shipping Bill Format

Exporters are required to file shipping bill for obtaining customs clearance. Recently, vide notification dated 25th March, 2019, the shipping bill format has been amended.

Import through Courier

The facility of imports and exports by courier mode is permitted to only those courier companies that are registered under Customs. These courier companies are called ‘Authorized Couriers’.

DGFT Overview

Directorate General of Foreign Trade (DGFT), formerly known as the Chief Controller of Imports and Exports (CCI&E), is India’s official administrating body for imports and exports. It is an attached office of the Department of Ministry and Commerce and is headquartered in New Delhi.

Foreign Trade Policy

The Foreign Trade Policy (FTP) was introduced by the Government to grow the Indian export of goods and services, generating employment and increasing value addition in the country. The Government, through the implementation of the policy, seeks to develop the manufacturing and service sectors.

Export Inspection Agency

Export Inspection Agency is an entity approved and administered by the Export Inspection Council for the purpose of inspecting the commodities that are meant to be exported, as well as to co-ordinate with the council in its various endeavours. List of all export inspection agency in India categorized by state and city.

Customs Duty

Self-assessment is one of the pivotal clearance methods which was brought in by customs authorities to ease import procedures and expedite its clearance. Self-assessment formalities and procedures are applicable in large customs base locations.