How to obtain IE Code in Jaipur?

Are you looking to expand your business internationally to the global market? Registration of Import Export Code or IE Code is required for all persons engaged in activities like the import or export of goods and services from India. IE code in Jaipur can be obtained just by submitting the relevant documents online. All importers and exporters who wish to import or export goods/services from India must have a valid IE code. Jaipur, or the ‘Pink City’ of India, is the capital of Rajasthan. Jaipur is the most famous tourist place, included as one of the UNESCO World Heritage Sites. Our team of experts at Legal Window will help you get IE code registration in Jaipur easily and hassle-free by guiding you through the entire process. In this article, we will discuss how to obtain the Import Export code In Jaipur.

What is IEC?

Import Export Code or IEC or IE Code is a unique 10-digit code. It is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. This Import and Export Code is required to carry out any activity related to import and export within the territory of India. Without obtaining this code, an individual cannot carry out import and export in Jaipur. Therefore, for a person to deal with imports and exports, it is necessary to obtain an import and export code.

This IE code is required to obtain to carry out import and export business. No form of import or export is possible without IE Code. The process of getting an IE code is quite easy and the code can be obtained by applying to the Directorate General of Foreign Trade (DGFT).

Reasons for Import Export Code Registration in Jaipur

There are several reasons for registering an IE code in Jaipur. They are as follows:

• Mandatory Compliance: It is mandatory for any business entity that can carry out any form of import and export business to obtain and register an IEC in Jaipur.
• No need for renewal: Import Export Code is issued to any person for a lifetime and there is no need to apply for IEC renewal again. Once the IE code is obtained, all the import and export transactions can be made.
• Low cost: Getting the import and export code is very economical as the IE code can be obtained at a very low cost.
• Credibility: Since the IE code establishes the business as an importer and exporter, this status increases the credibility of the business in the market as it means that the business is also involved in international transactions.
• Necessary for International Trades: An IEC code is required to conduct international transactions related to trade and business.
• Online Application: Instead of making many trips to different offices and submitting a lot of documents, one can apply for IEC online and also register easily online.

Documents required for IEC Registration in Jaipur

All documents are required in scanned form only. For any query, have a look at the FAQs about IEC. Applicants for IE Code Registration in Jaipur must submit the following documents:

• Own attested copies of the applicant’s PAN card
• Passport-size photograph of the applicant
• Certificate issued by the applicant’s banker
• Details of the applicant’s bank account
• Application form with each page duly signed by the applicant
• Date of establishment of the business
• Articles of association (ZZ), articles of association (ZOZ), or partnership agreement
• A list of all directors or partners along with their addresses and contact details
• Copy of company letterhead
• Canceled check
• For a company, Incorporation Certificate
• A copy of the property documents of the company headquarters
• Copy of utility bills from the company headquarters.

How to obtain IEC Code in Jaipur? – Registration Process

Now the process of getting an Import Export Code has been provided the online platform and hence it can be done easily. In case the person fills out the offline application, he has to submit it at the nearest zonal branch. The procedure is:

• The application is submitted to the DGFT regional office (General Directorate of Foreign Trade) according to the company’s registered office. Application is made in Aayaat Niryaat Form 2A (ANF 2A).
• Form 2A Aayaat Niryaat should contain details of ownership, directors, and partners along with bank details and a certificate provided by the bank.
• To apply for an import and export code, you must have a bank account and Permanent Account Number (PAN).
• If corrections or changes are needed in the application, it is sent back. In such a case, a reply must be given back to the DGFT within 15 days.
• After the application is approved, allotted IECs are sent to online applicants through emails and to offline applicants through IEC allotment letters.

When IE code is required?

The IE code is required in the following situations-

• The IE code is needed by customs authorities to clear shipments in case of any importation.
• The bank also needs to remit the amount in case of any export/import.
• In case the exporter needs to send shipments, then it is required.
• When the exporter is to receive money in foreign currency and it is transferred directly to his bank account.

Situations when IEC registration is not required

Import Export Code is required for the import or export of any kind of goods by a business. However, the following category of persons is exempted from obtaining an IE code:

• Importers and Exporters by Central Government or Agencies or Undertakings for Defense Purposes or Other Specified Lists under the Foreign Trade (Exemption from Application of Rules in Certain Cases) Regulations, 1993.
• If the import or export of goods is done for personal use.

Penalty

Import Export Code registration is not mandatory, only persons who import and export goods or services must have an Import Export Code. Therefore, there is no penalty for not having a Code; however, import/export will not be possible if you do not have an Import Export code.

Final words

Import-Export in India is developing rapidly and helping businesses and manufacturers to expand their business and develop. Import Export helps businesses compete in the global market and allows them to profit from the many benefits of import trade. The government supplies energy to businesses that deal with imports and exports.

In case of any query regarding how to obtain IEC in Jaipur, a team of expert advisors from Legal Window are here to assist you at every step. Feel free to reach us at