Import Export Code (IEC) Registration in India

What is Import Export Code (IEC Code)?

The Importer-Exporter Code (IEC) is a key business identification number which is mandatory for exports or imports. No person shall make any import or export except under an IEC Number granted by the DGFT. In case of import or export of services or technology, the IEC shall be required only when the service or technology provider is taking benefits under the Foreign Trade Policy or is dealing with specified services or technologies.

Importance of Import Export Code (IEC) in India

• Legal Requirement: Mandatory for import/export, ensuring compliance.
• Facilitates International Trade: Necessary for customs clearance and documentation.
• Access to Government Benefits: Enables access to schemes and incentives.
• Expansion of Business: Allows exploration of global markets and partnerships.
• Credibility and Trust: Enhances business legitimacy in the international market.
• Compliance with Regulations: Ensures adherence to international trade policies.
• Ease of Transactions: Streamlines documentation and expedites customs clearance.

Documents Required for IEC Code Registration

• PAN Card of applicant
• Certificate of incorporation (in case of company or LLP) or partnership deed (in case of partnership firm)
• Copy of cancelled cheque or one page of bank statement
• Address proof of business
• KYC of authorized signatory
• Digital Signature Certificate (DSC): Not required if Aadhaar holder can verify with OTP.

Why Choose Us?

• Expert Assistance: Personalized support for your import-export needs.
• Efficient Process: We manage the entire application process for you.
• Global Reach: Open up new markets with ease and confidence.

FAQ

1. What is an Import Export Code (IEC)?

   An Import Export Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT) to businesses engaged in international trade. It is mandatory for all importers and exporters to conduct cross-border transactions.

2. Who needs an Import Export Code (IEC)?

   Any business or individual involved in the import or export of goods must obtain an IEC. This includes manufacturers, traders, service providers, and professionals engaged in international trade.

3. What are the benefits of having an Import Export Code (IEC)?

   An IEC is essential for availing various benefits such as accessing customs procedures, availing government schemes, obtaining financial assistance, and ensuring smooth trade operations with foreign countries.

4. What is the process for obtaining an Import Export Code (IEC)?

   The process involves submitting an application along with necessary documents such as PAN, business registration details, bank account information, and proof of business activities to the DGFT.

5. Is there any validity period for the Import Export Code (IEC)?

   No, once issued, the IEC is valid for the lifetime of the business. However, it must be updated in case of changes in business details such as address, directors, or business nature.