The IEC number has lifelong validity.
IEC code is a 10-digit code based on a PAN number.
Like PAN, you need not file any return only because you have been allotted this code.
The government application fee for the IEC number is just Rs.500.
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The import-export code or IEC code is required to start an import or export business. Moreover, it is a PAN-based 10-digit code. Further, this code has lifetime validity, and no return or compliance is needed to maintain this code.
For IEC Code Registration, the following documents are required:
1. PAN Card.
2. Voter id or Aadhar card or passport copy.
3. Cancel cheque copy of bank account.
4. Address proof such as a Copy of the Rent Agreement or Electricity Bill Copy of the premise.
5. Digital Photograph
The fee for import export code registration is Rs.500 only.
To do the import-export code registration, we need to perform the following steps:
1: Visit the website www.dgft.gov.in
2: Then go to the “Services” tab> Dropdown menu> “IEC” tab> select “Online IEC Application”.
3: Enter the PAN number of the applicant and then click the “Search” button.
4: A new page will open. Fill in all the required self-explanatory details and proceed by doing OTP validation.
5: Upload the scanned copy of the required documents.
6: Make an online payment of Rs.500
7: After this, check the application under Preview made and take a printout.
8: Now click the final submission button.