Updated on July 06, 2024 11:51:28 PM
Exporters and Importers in India must obtain an Import Export Code to operate their business legally. Having an IEC certificate allows you to sell your product in the international market as a registered Exporter. You are not allowed to import or export goods without IEC code registration. Once the IEC code is issued, an exporter can apply for port registration on the ICEGATE portal with the help of AD Code Registration.
You must know the import export license fees before you apply for IEC Code Registration. This article will cover the Government fees, professional fees, market price and the requirements of IEC registration.
IEC certificate is a must-have document for the importers and exporters of India. It is required at almost every step of the import-export process. IEC code is a 10-digit alphanumeric code, the same as your PAN number, issued by the Directorate General of Foreign Trade(DGFT).
Getting an IEC code is the first step of your import/export business. No matter what products you are exporting, you will need an import-export license at every step.
For instance - If you are a tea exporter, you need an import-export license to get a Tea board Registration Certificate. Similarly, If you wish to export food products from India, you will need an IEC certificate to register for FSSAI license.
Government Fee: According to the DGFT's latest notification, The government fee for an IEC code application is ₹500 , which needs to be paid by the applicant entity at the time of application. The payment can be done online via Credit/Debit Cards, UPI or Net banking.
Professional Fees: The professional fees for the Import export code is ₹999 only at Professional Utilities. Professional Fees include:
Market Price: Most of the Import export code agents charge a professional fee of around ₹2000 to ₹3500 on average for IEC code registration, which makes the total cost go upto ₹4000. It is advised to find a suitable service provider by comparing the prices before applying for an importer exporter license.
Total Cost: The total cost of getting an Import Export Code is ₹1499. This means you don't need to pay any extra amount other than that mentioned above. Many online portals and offline agents charge an incredibly high amount in the name of hidden charges and other additional costs. But there are no hidden charges other than government fees and professional fees.
As per the latest Notification of DGFT, an applicant entity can access the DGFT portal by Aadhaar Authentication; hence, DSC is no longer necessary for accessing the portal. The government has taken a significant move to simplify the IEC Code procedure.
The following documents are required for Import Export license registration:
The IEC certificate is valid for one year only. You must renew the Import export license before its expiry. The renewal fee for the IEC code is ₹1499.
Unlike other government licenses, The Import Export Code was valid for a lifetime. However, the import-export code must now be updated annually as a result of changes to the Foreign Trade Policy that took effect on February 12, 2021.
Register your import and export business with Professional Utilities to get your IEC Certificate . You get the free consultations and quick service at lowest Price with us.
Apply for IEC code Now
The complications in understanding the process and uploading appropriate documents are very hectic. It takes a lot of time and effort. There is a high chance of rejection at each step of document uploading.
We at Professional Utilities understand that completely. That's why we come forward to help you avoid the hassle and get your Import Export Code registered at the minimum price guaranteed so that you can concentrate on running your business and leave the legal formalities to us.
You can apply for the IEC registration with us in just three simple steps.
Step 1:
Get in touch via call
Step 2:
Submit documents
Step 3:
Your Import export code will be delivered to you.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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DGFT(Directorate General of Foreign Trade) issues and updates the Import Export code.
At professional Utilities, It takes less than 3 days for the complete procedure of obtaining an IEC code.
To become a registered exporter, you need to get an IEC registration. Once you obtain the I importer Exporter code, you are allowed to export goods from India. The code is also valid for importing goods in India.
Documents required for Import Export Code registration in Belagavi are as follows :
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