The Import Export Code (IEC): What Is It?

In India, importers and exporters are given a unique identification number called the Import Export Code (IEC).If you want to trade goods and services with other nations, you must keep your IEC registration with the Central Board of Excise and Customs (CBEC).

Use these methods to update your IEC registration:

  1. Sign in to the corporate website.
  2. Tap the “Registrations” tab..
  3. From the main menu, choose “Import/Export.” From the submenu, choose “Registration Details.”.
  4. You can update your IEC registration form by clicking the link under “Import Export Code (IEC)” on the “Registration Details” page. To access the form, click on this link.
  5. Fill out the form completely, then press the “Submit” button to send it.
  6. After you submit the form, your IEC registration will be automatically updated.

IEC Registration in India: Why Do I Need to Update It?

A company’s Import Export Code (IEC) is a special code that enables the Customs authorities of various nations to trace the imports and exports of that company. All businesses that trade goods or services internationally are required to abide with the code. An annual update application must be submitted to Indian Customs in order to maintain your IEC registration. If you don’t, there may be fines and delays in customs processing.

The advantages of maintaining your IEC registration include:

  • shortened time spent on customs paperwork¬†
  • improved customs declaration accuracy
  • improved safety when conducting overseas business

Complete the New Information Form

You may make sure that your company is in compliance with current laws and that it lives up to the expectations of clients and business partners by upgrading your IEC registration.

  • You must submit the following data to update your IEC registration:
  • Your business name
  • Your business’s address
  • Your business’s phone number
  • Your business’s email address
  • URL of your company’s website (if applicable)
  • The nature of your business (import/export)

What to Do If My IEC Registration Certificate Has Expired There Are a Few Things You Can Do To Update Your Registration If Your IEC Registration Certificate Has ExpiredYou can submit the renewal application by mail or in person at an authorized IEC agent.

Your registration can be updated for you by going to an authorized IEC agent.You’ll need to bring the renewal application and your expired certificate.

Include your expired certificate and the renewal application form with your mail-in renewal application.In addition, you will be required to provide your full name, birth date, business name, address, and phone number.

Where Can I Find More Information About Registrations for the Import Export Code (IEC)?

Registrations under the Import Export Code (IEC) are a requirement for conducting business in India.You can get a few resources to help you register for the IEC. A step-by-step guide to registering your IEC is available on the Department of Industrial Policy and Promotion’s official website.The website also has a database of registered IECs that can be searched.

The Indian Chamber of Commerce and Industry can be contacted if you require additional assistance beyond that provided by online resources.They can guide you through the registration process for your IEC and provide additional member support services.

Alternately, you can get in touch with Vakilsearch right away to update your IEC without any problems.

How many IEC codes can India use?

The Export Promotion Council of India allows for a maximum of ten IEC codes to be registered in India.India is interested in promoting particular export categories represented by these codes.You must first get in touch with the Export Promotion Council of India and fill out a registration application before you can register an IEC code.You can use your code to apply for Indian government support and export promotion programs once it has been registered.

Conclusion

It is critical that you update your IEC registration if you are an Indian exporter or importer.A number of penalties and restrictions, including the inability to export certain goods and the refusal of customs clearance for imports, can result from this failure.It’s time to update your code if you haven’t done so in at least two years.

Leave a Reply

Your email address will not be published. Required fields are marked *