Import Export Code Registration FAQ in Coimbatore

a) What is Import Export Code (IEC) Registration?

Import Export Code (IEC) is a unique code issued by the Directorate General of Foreign Trade (DGFT) for businesses and persons engaged in eligible import or export activities. An IEC is generally required for importing or exporting goods from India, subject to applicable exemptions.

b) Who needs Import Export Code Registration?

Businesses and persons intending to import or export goods generally need an IEC. Certain categories of importers or exporters may be exempt under the applicable foreign trade regulations.

c) How can I apply for IEC Registration in Coimbatore?

IEC registration is applied for online through the DGFT portal. The applicant needs to create or use a DGFT account, provide the required business and applicant details, upload applicable documents, complete verification and submit the application with the prescribed fee.

d) What documents are required for IEC Registration?

The documents and information required can depend on the applicant and entity type. Common requirements include PAN details, address information, bank account details and other documents or declarations requested through the DGFT application.

e) Is IEC Registration mandatory for import and export?

An IEC is generally required for import or export of goods from India, although DGFT provides exemptions for certain categories. The requirement should be checked based on the nature of the proposed transaction and applicable rules.

f) Can I apply for IEC Registration online?

Yes. IEC applications are submitted online through the DGFT system. Applicants can register on the DGFT portal, complete the IEC application, submit the required information and documents, and track the application online.

g) How much does IEC Registration cost?

The DGFT application fee for a new IEC is prescribed by the government. Applicants should check the current DGFT fee applicable at the time of filing, in addition to any professional service charges if a consultant is engaged.

h) How long does IEC Registration take?

Processing time can vary depending on the accuracy of the application, verification requirements and whether DGFT raises any deficiency. Correctly submitted applications can generally be processed without unnecessary delays.

i) Is GST Registration required for IEC Registration?

GST and IEC are separate registrations. Whether GST registration is required depends on the nature of the business and its applicable GST obligations. IEC eligibility should be assessed separately based on the import or export activity.

j) Can a Proprietorship Firm get IEC Registration?

Yes. A proprietorship business engaged in eligible import or export activity can apply for an IEC, subject to the applicable DGFT requirements and verification of the proprietor and business details.

k) Can a Partnership Firm get IEC Registration?

Yes. A partnership firm can apply for an IEC when it intends to undertake eligible import or export activities. The application must contain the required firm, partner, PAN, address and banking details as applicable.

l) Can an LLP get IEC Registration?

Yes. An LLP can obtain an IEC for eligible import and export activities by submitting the required entity information and documents through the DGFT portal.

m) Can a Private Limited Company get IEC Registration?

Yes. A Private Limited Company can apply for an IEC through DGFT when it intends to conduct eligible import or export transactions. The company must provide the required corporate and authorised-person details.

n) Is a bank account required for IEC Registration?

Valid bank account details are part of the IEC application requirements. The account information should correspond with the IEC holder and satisfy the applicable DGFT verification requirements.

o) Can I get IEC Registration without a current account?

IEC applications require valid banking details as prescribed by DGFT. Whether a particular type of bank account is acceptable can depend on the current DGFT requirements and the applicant's entity structure.

p) Does IEC Registration have lifetime validity?

IEC is generally issued as a permanent identification for import and export purposes, subject to compliance with applicable DGFT requirements. IEC holders may also need to update or confirm their details when required by DGFT.

q) Does IEC need to be updated every year?

IEC holders should comply with the applicable annual update or confirmation requirements prescribed by DGFT. Businesses should review their IEC profile and complete required updates within the prescribed period.

r) Can I modify details in my IEC?

Yes. Eligible IEC details can be modified through the DGFT portal when there is a change in information such as address, bank details or other registered particulars. Supporting documents may be required depending on the modification.

s) Can IEC be used for both import and export?

Yes. The IEC is used for eligible import and export activities associated with the registered entity or person. Additional licences, registrations or approvals may be required depending on the product and type of international trade.

t) Can I import goods without IEC Registration?

Importing goods generally requires an IEC unless the transaction falls within an applicable exemption. Product-specific permissions or other regulatory requirements may also apply to certain imports.

u) Can I export goods without IEC Registration?

Exporters generally require an IEC unless they fall within an applicable exemption. The exporter must also comply with product-specific export requirements, customs procedures and other applicable regulations.

v) Can I get IEC Registration for an online business?

Yes. An online business can apply for IEC if it intends to undertake eligible import or export activities. The business must meet the applicable DGFT requirements and provide valid registration, address and banking information.

w) Can an IEC holder apply for an Import Export Code for another business?

IEC is linked to the eligible person or entity for which it is issued. A separate eligible business or entity generally needs its own IEC rather than using another entity's code.

x) Can a consultant help with IEC Registration in Coimbatore?

Yes. An IEC registration consultant in Coimbatore can help with document preparation, DGFT application filing, application review and follow-up for deficiencies. Professional assistance can help reduce errors during the registration process.