Import Export (IE) Code is a registration needed for people from India who import or export products and services. The IE Code is published by the DGFT, Ministry of Commerce and Industry, Government of India. The request for the IE Code must be submitted with the required supporting papers to the Directorate-General for Foreign Trade. Once the request is submitted, in 15-20 working days or less, DGFT will issue the entity's IE code.
IE Code IE Registration Validity is a continuous registration valid for life. There will therefore be no difficulty in updating, filing and renewing the registration of IE Code. It is valid until the company exists or you cancel or surrender the registration. Furthermore, unlike tax registrations such as GST registration or PF registration, importers or exporters do not require filings or any other requirements for compliance such as annual filings.
Since IE code registration is one-time and requires no extra adherence, IE code after incorporation is suggested for all businesses and LLPs.
IE Code Exemption An Import Export Code is needed for an enterprise to import any kind of products. However, the following are categories of individuals exempted from acquiring an IE Code: Importer and export by central government or defense organizations or undertakings or other designated list under Foreign Trade (exemption from applying regulations in certain instances) Order, 1993. Import or export for private use of goods.
RCMC Registration Individuals with import code may apply for RCMC registration and receive it. Registration-Cum-Certificate of Membership (RCMC) is a certificate validating an exporter dealing with products registered with an agency / organization authorized by the Indian Government. Export Promotional Councils or Commodity Board in India issue the certificate for five years. An exporter wishing to acquire an RCMC must declare in the application its mainstream company. This request would be presented in relation to that line of company to the Export Promotion Council / Commodity Board.
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