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What is Import Export License renewal?

All importers who wish to import or export goods / services from India need to have a valid IEC Code / License. Import Export Code must be mentioned in all relevant customs documents. Bankers would require you to have valid IEC registration for making payments abroad.

What is an Import Export Code?

Import Export Code (in short IEC Code) is a ten-digit number granted by the Directorate General of Foreign Trade under the Ministry of Commerce and Industry, to any bonafide person/ company for carrying out import/export operations.

Renewal of an IEC registration

This has been recently updated by the DGFT that every IEC holder will require to ensure that the details of his/her Import Export code needs to be updated electronically every year during April to June.

Even when there are no changes during a year, the same needs to be confirmed online every year.

 

Procedure

Procedure for Import Export License renewal


01
IEC
Tell us about your company

You need to fill our simple IEC Renewal questionnaire

02
Renewal of an IEC
Verification

After submitting your IEC Renewal documents, details provided by you will be verified.

03
IEC registration
Application for IEC Renewal

There are different application forms to be filled and submitted. We will fill the these forms using the information provided by you.

04
IEC Code
Congratulations

IEC Code is Renewed

Documents required

Documents Required


Quick Checklist

  • 14 Digit IEC license number
  • PAN card details of all the directors/partners/proprietor
  • Residential Address details of all directors/partners/proprietor
  • Entity Pan Card (if any)

Important Note: All of the above details must be the same as the registered IEC License.

FAQ

Read Most
Frequent Questions


Q.Who needs to renew the IEC License?
Ans:

Each and every IEC license holder will require to renew the license till the time they are in to Import Export business.

Q.Is it mandatory to renew license every year?
Ans:

Yes, It is mandatory to update the IEC license every year during April to June.

Q.What are the consequences of not renewing the IEC license?
Ans:

If you do not renew the IEC license, it may get de-activated.

Q.Is PAN or PAN card essential or what are the alternatives for IE code renewal?
Ans:

Yes, for IEC Code renewal, The same PAN card Number that you mentioned at the time of the registration is mandatory.

Q.What are the benefits of IEC?
Ans:

On the basis of IEC, companies can obtain various benefits on their exports/ imports from DGFT, Customs, and Export Promotion Council etc.

Q.Which Cities do you provide your services?
Ans:

RapportHR provides IEC Registration and Renewal all across India.

Q.Have some queries?
Ans:

Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at support@rapporthr.in or call us @ +91 9599553911.