Import Export Code (IEC)

Introduction

The Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Government of India. It is mandatory for any individual or business engaged in the import or export of goods or services from India.

---

Is IEC Code Imperative? Who Needs It?

Yes, the IEC code is compulsory for:

• All importers and exporters operating in India.
• Proprietors or businesses involved in international trade of goods and services.

Individuals can obtain IEC in their personal name if they run a proprietorship business.

---

Validity of Import Export Code

• IEC is valid for the lifetime of the entity and does not require renewal.
• The same IEC applies across all branches or units of the importing/exporting entity.
• It is advisable for all businesses likely to engage in import/export activities to obtain IEC proactively.

---

Purpose of IEC

• IEC is mandatory to participate in international trade from India.
• It must be quoted in all shipments and customs documentation for imports and exports.
• Banks require the IEC for processing payments related to cross-border transactions.

Without IEC, importers/exporters cannot legally conduct international trade or receive payments from abroad.

---

Documents Required for IEC Application

• Copy of the entity’s PAN Card
• Proof of Business Address
• Photograph and KYC documents (Identity and address proof) of Directors, Partners, or Proprietor
• Valid Indian mobile number of authorized signatories
• Charter documents of the entity (e.g., Partnership deed, Certificate of Incorporation)
• Letter of Authorized Signatory or Board Resolution
• Email ID of Directors, Partners, or Proprietor
• Cancelled cheque, bank passbook, or bank statement for bank details

---

IEC Registration Process (Step-by-Step)

1. Visit the DGFT website (https://www.dgft.gov.in)
2. Navigate to Services > IEC > Online IEC Application
3. Enter your PAN Number and verify your details
4. Fill in personal and business details as prompted:
   • Name, Date of Birth/Incorporation, Captcha code
5. Submit the form to verify PAN details
6. Once verified, proceed to fill:
   • Entity name, address, contact details
   • Nature of business (Proprietorship, LLP, Pvt Ltd, etc.)
   • Type of activity (Manufacturer exporter, merchant exporter, service provider, etc.)
   • Bank account details
7. Upload required documents in PDF or GIF format (max 5 MB):
   • Address proof (Sale deed, rent agreement, electricity bill, etc.)
   • Cancelled cheque or bank certificate
8. Review the application details and submit online
9. Make the application fee payment of Rs. 500 via Electronic Fund Transfer (EFT)
10. On successful submission, the IEC code is issued within 1-2 working days and dispatched to your registered address

---

Government Fee for IEC Registration

• The fee for IEC registration is Rs. 500 only.
• Payment is made online during the application process via electronic fund transfer.

---

Summary

Having an IEC code is essential for any entity engaged in import/export activities from India. It is a simple, online registration that provides you the legal authority to conduct international trade and receive payments. Professional IEC registration services can assist you to streamline the process and avoid common mistakes that lead to application rejections.

---