If you're planning to do business involving the import or export of goods, you'll need to obtain an Import Export Code (IEC) certificate. First, you should know that the IEC is valid for a period of one year and must be renewed annually. You can apply for a renewal up to six months before the expiration date.
If you are looking up how to renew your Import export code certification, this blog helps you to clear all your doubts. Here's what you need to know about renewing your IEC certificate.
It is important to note that the IEC certificate cannot be transferred to another person or entity. If you wish to do so, you will need to cancel your current IEC and apply for a new one.
What is IEC?
IEC is an abbreviation for Import Export Code. It's a 10-digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. IEC license is required for every importer or exporter in India, except those who are importing or exporting under special circumstances.
The IEC is issued by the Directorate General of Foreign Trade (DGFT) and is valid for a period of one year. It can be renewed annually, and there is no limit on the number of times it can be renewed.
Why is a renewal of the IEC crucial for my trade?
If you're planning to do business involving the import or export of goods, you'll need to obtain an IEC certificate in India. Import and Export Code is required for every importer or exporter in India, except those who are importing or exporting under special circumstances.
The IEC is issued by the Directorate General of Foreign Trade (DGFT), and is valid for a period of one year. It can be renewed annually, and there is no limit on the number of times it can be renewed.
What are the documents required for IEC renewal?
To renew your IEC certificate, you will need to submit the following documents are as follows:
· Completed application form
· Copy of your current IEC certificate
· PAN card copy
· Identity proof (Aadhar card/ passport/ driving license)
· Address Proof (Aadhar card/ passport/ driving license/ utility bill)
Read More: Top 10 Benefits of Having Import Export Code
How to Renew an Import Export Code Certificate?
You can renew your IEC by logging into the DGFT website and submitting the required documents. The renewal process is simple and can be completed within a few minutes. Below steps will help you to get IEC certification.
1. You will need to submit a duly completed application form along with the required documents. These include a self-declaration form, a copy of your PAN card, and a bank draft for the application fee. These documents can be submitted online or offline. If you're submitting the documents offline, you'll need to send them to the nearest DGFT office.
2. The application fee for renewing an IEC certificate is Rs. 500, and the bank draft should be made payable to the "Authorized Dealer" where you are submitting your application.
3. Once your application is received, the issuing authority will verify the information and documents submitted. If everything is in order, they will issue a renewed IEC certificate to you. The processing time for the renewal is typically around 15 days.
What is the application fee for IEC renewal?
The application fee for IEC renewal is Rs. 500. This can be paid online or offline. If you're paying offline, you'll need to send a demand draft (DD) or pay order (PO) in favor of "DGFT, Mumbai" to the nearest DGFT office.
If you have any questions about renewing your IEC certificate registration, please contact the Expertbells team or visit IEC office in your region.
