Import Export Code

Import Export Code (IEC) is a registration required for any business involved in importing or exporting goods and services from India. An IEC is issued by the Directorate General of Foreign Trade (DGFT). It is a 10-digit code that has a lifetime validity and does not require any renewal.

An Import Export Code gives international options and exposure to a domestic business in India. Having an IEC can also make a business eligible for numerous export scheme benefits offered by the DGFT and Customs and Export Promotion Council. An individual can also obtain an IEC as there is no legal requirement of having a separate business to get IEC registration in India.

Import Export Code Registration

Documents required for IEC Registration

  1. PAN Card
  2. ID Proof like Aadhaar Card, Voter ID card or driving license
  3. Address Proof like electricity bill, rent agreement or house tax receipt
  4. Bank Account Details
  5. Certificate from Bank
  6. Digital Signature Certificate
  7. Board Resolution, in case of company
  8. Copy of Partnership deed, in case of Partnership

Process of IEC Registration

The first step to get an Import Export Code is to submit the relevant documents for the preparation of registration application. The IEC application is prepared and submitted for approval from the Directorate General of Foreign Trade. The IEC fee is paid to the authority, after which the application is processed. The Import Export Code is issued by DGFT within 5-7 days.

FAQs

When is an IEC needed?
An Import Export Code is required by an individual or business engaged in export or import of goods and services in India.
Which authority issues IEC in India?
The Import Export Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India.
Is renewal required for an IEC?
An IEC is valid for lifetime and does not require any renewal.
Is there a need to file a return for IE Code?
IE Code does not require any return filing or procedural compliances.
Is DSC required to obtain IEC Registration?
Yes, DSC is mandatory to apply for an IEC online.
Who can apply for IEC online?
Any individual or business can apply for IEC online if it is engaged in export and import of goods and services in India.
Is there any penalty on not having an IE code?
There is no penalty for not having an IE code but importing and exporting are not possible without an Import Export Code.
Who is not required to obtain an IEC?
The following persons or businesses do not need an IEC: 1. A person exporting or importing goods for personal use and not for activities related to business. 2. A person exporting or importing goods to/from Nepal or Myanmar through Indo-Myanmar border areas, a value of which does not exceed Rs.25,000/- in a single assignment. 3. Ministries or departments of central government.
Can an IEC License be modified?
IEC can be modified by re-submitting the IEC registration application with the DGFT along with the requisite documents. A fee needs to be paid along with the re-submitted application.
How much time is taken for IEC registration?
The DGFT usually allots an IEC certificate within 5-10 days.