Import Export Code Online Registration Process, fee in India [2020] - Onfiling

Import Export Code






When importing or exporting from India, an IEC licence is one of the requirements. Importer-Exporter Code is another name for it. Anyone who wants to start an import/export firm in the nation, the person need an IEC (Import Export Code). The Director General of Foreign Trade (DGFT) is the one who issues it. IEC is a 10-digit code that is valid for a lifetime. Generally, importers merchants cannot import products without an Import Export Code, and exporters merchants cannot take advantage of DGFT incentives such as the export plan, etc., without an IEC. 

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The government charge for requesting a DGFT Import Export Code is Rs. 500, and it must be paid online at the same time the application is submitted.
Import Export Code Details may be changed without a fee as long as the application for the adjustment is submitted within 90 days after the change. However, the government cost for a tardy application is Rs. 1000.
No, there is no renewal fee for IEC registration.
There is no compliance requirement for IEC and no need to file any periodical returns.
The advantages for businesses with an import-export code are numerous. A business can benefit from the Directorate General of Foreign Trade Customs and Export Promotion Council on its exports and imports with the help of IEC.

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