Import Export Code Registration in Maharashtra

Import Export Code (IEC) registration is mandatory for businesses involved in importing or exporting goods in Maharashtra. Issued by the Directorate General of Foreign Trade (DGFT), the IEC is a ten-digit unique code required for customs clearance, availing export benefits, and maintaining import-export records. The Import Export Code Registration in Maharashtra process involves an online application, document submission, and fee payment.

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Importance of Import Export Code Registration in Maharashtra:

As we all know, the full form of the IEC Code, however, it is very important for import export code registration in Maharashtra, which is not only important but also mandatory if we do any business of import and export of goods & services rendered in Maharashtra. If you don’t have any import and export codes with yourself, you will not be eligible to allow the clearance of your goods from the port, whether it is the ship port, the air port, or any other port.

Documents Required for Import Export Code Registration in Maharashtra:

(1) Photo ID.

(2) Pan Card.

(3) Address proof.

(4) A cancelled check with a printed name or banker certificate.

(5) Other documents depend on whether you are a sole proprietorship, partnership, company, or other entity.

Documents Required for Import Export Code Registration in Maharashtra (Proprietorship or Individual):

(1) One Recent Photograph of the Proprietor.

(2) Copy of the Pan Card of the Proprietor.

(3) Copy of the Aadhaar Card of the Proprietor.

(4) Copy of the Cancel Cheque in the Name of the Proprietor.

(5) Email and Contact Number.

Documents Required for Import Export Code Registration in Maharashtra for Partnership Firms:

(1) One recent photograph of all.

(2) Copy of Pan Card of Partnership Firm.

(3) Copy of the Pan Card of All Partners.

(4) Copy of Aadhaar Card of All Partners.

(5) Copy of the Cancel Cheque in the Name of All Partners.

(6) Email and Contact Number of All.

Documents Required for Import Export Code Registration in Maharashtra for Private Limited Company, Public Limited Company, Limited Liability Partnership, and One Person Company:

(1) One Recent Photograph of All Directors.

(2) Copy of the Pan Card of a Company.

(3) Copy of the Pan Card of All Directors.

(4) Copy of Aadhaar Card of All Directors.

(5) Copy of the Cancel Cheque in the Name of All Directors.

(6) Copy of the electricity bill where the registered office of the company is situated.

(7) Rent Agreement (if any) or NOC.

(8) Email and Contact Number of All.

Documents Required for Import Export Code Registration in Maharashtra for Society/NGO:

(1) One recent photograph of all.

(2) Copy of the Pan Card of the Society or NGO.

(3) Copy of the Pan Card of All Members.

(4) Copy of the Aadhaar Card of All Members.

(5) Copy of Cancel Cheque in the Name of All Members.

(6) A copy of the electricity bill from the registered office of the company.

(7) Rent Agreement (if any) or NOC.

(8) Email and Contact Number of All.

Meaning of the import and export code registration in a layman’s language:

IEC means import export code, and earlier it was a 10-digit numeric number that was issued by the department, namely the Director General of Foreign Trade, which comes under the Ministry of Commerce.

IEC Code Circular Number:

DGFT issued a circular number 15 for the issuance of IEC code. Notice No. 23/2018-2019 Maharashtra, Dated August 8, 2018.

What to do for Issue of IEC Code and License Number with the DGFT Department

Ealier, there is a different process for applying for the Import Export Code Registration in Maharashtra license. We apply to the DGFT Department by filling out the Ayat Niryat Form, “ANF2A,” with all the required documents, and submit them to the head office or regional office of the DGFT (Director General of Foreign Trade). The IEC number is allotted against the Pan number issued to the assessee by the income tax department. You cannot take more than one IEC; if you have more than one IEC, it will be considered illegal, and you have to surrender or cancel the additional iec code or license with the payment of the penalty imposed by the customs department.

Apply for the IEC code online application with the director general of foreign trade, i.e., the DGFT Department.

Today, you cannot apply for the iec code at the office; you have to apply for the iec code online. Therefore, if any person wants to take the Import Export Code Registration in Maharashtra in there state, they have to apply for the FSSAI license.

What is the Validity of this import and Export License?

The validity of this license is lifetime; you have to take the license only once. After that, this IEC license or code is valid for life. There is no need to pay the renewal fees, and we don’t need to get the GST license renewed. It will be valid for a lifetime.

What are the government fees for obtaining the IEC license?

Today, the Government fees for taking the IEC License is Rs. 500/- However, it may vary from time to time. For Modification of application and for the migration of IEC certificate, the Government fees is Rs. 200/-

Whether we need to take two License for Import or for Export?

No, only one license is sufficient, and this license allows you to export and import any goods from or to Maharashtra.

What is the Time Frame in which we will get our License?

Normally, it will take 2-4 days to get the license.

Can we take two import and export codes at a single point in time?

No, we cannot apply for two IEC licenses at a single point in time because it is illegal to take two IEC licenses at a single point in time. If you take the two licenses by mistake, then there is a penalty of Rs. 50,000/-; therefore, you need to surrender the additional license as soon as possible.

Surrender of an IEC additional license or unused license?

When you have the additional license or when there is no additional need for the existing license, you can surrender the license online. You cannot surrender your IEC license online; you have to surrender your license offline by submitting the physical application to the regional DGFT department.

Persons and cases where an import-export license is not required?

(1) The state government, the central government, and the local bodies of government are not required to follow the IEC code. They come under the exempt category.

(2) Any person or individual importing any goods for personal use, not for manufacturing, trading, or business purposes. They are also exempt from the IEC code.

(3) Persons importing or exporting goods from Nepal are exempt from the export or import if the consignment is less than Rs. 25,000/-.

(4) Persons importing or exporting goods from Myanmar are exempt from the export or import if the consignment is less than Rs. 25,000/-.

Latest Updates in Import Export Code Registration in Maharashtra by the Director General of Foreign Trade, i.e., DGFT:

(1) The latest online application procedure for Import Export Code Registration in Maharashtra was introduced on August 8, 2018, and as per that, the requirement of the List of Mandatory Documents has been changed now.

(2) Bank Certificate / cancelled check with pre-printed name

(3) Address proof of the Firm copy of Aadhaar card, Voter ID card, or passport.

Not Required:

(1) Nowadays, digital signatures are not required.

(2) Photo is also not required

(3) A copy of the Pan card is not required. (because pan is validated with CBDT before proceeding.)