Import/ Export Code (IEC) Registration

Advantages of IEC

  • Global Market Reach – Enables businesses to expand internationally.
  • Lifetime Validity – No need for renewal.
  • No Annual Maintenance – No recurring fees or maintenance requirements.
  • Reduces the Risk of Illegal Transportation – Ensures compliance with legal trade regulations.
  • No Compliance – Simplifies the import/export process.

Who Requires IEC Code?

  • To Clear Shipments – Required for customs clearance.
  • For Imports – Mandatory for businesses importing goods or services.
  • For Receiving Foreign Currency – Essential for businesses receiving international payments.
  • For Goods and Services – Required for both product and service-based exports/imports.

Introduction to IEC

The Import Export Code (IEC) is a 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. It is mandatory for individuals or businesses engaged in importing or exporting goods and services from India.

Is IEC Code Imperative? Who Needs It?

Yes, IEC is crucial for importers and exporters in India. Any individual or business organization engaged in foreign trade needs to obtain an IEC. Even sole proprietors can apply for IEC under their name.

Validity of Import Export Code

IEC is permanently valid and does not require renewal. The same IEC is applicable across all branches or factories of the applicant, making it essential for all organizations, even if they don’t immediately require it.

Purpose of IEC

  • Required by exporters for shipping goods/services internationally.
  • Enables seamless import/export transactions.
  • Mandatory for banks to process foreign payments.

Application for IEC

IEC application is submitted to DGFT along with necessary documents. The IEC is issued within 1-2 working days after submission.

Documents Required for IEC Application

  • Copy of Entity’s PAN Card
  • Business Address Proof
  • Photograph & KYC of Directors/Partners/Proprietor
  • Valid Indian Mobile Number & Email ID of the applicant
  • Charter Documents (MOA, AOA, Partnership Deed, etc.)
  • Letter of Authorized Signatory/Board Resolution
  • Cancelled Cheque / Passbook / Bank Statement

To simplify the process, applicants can avail IEC registration services, where they only need to submit scanned copies of required documents, and the rest is managed by the service provider.

IEC Registration Process

IEC registration is a completely online process that can be completed in a few simple steps:

Step-by-Step Guide

  1. Visit the DGFT website.
  2. Navigate to Services → IEC → Online IEC Application.
  3. Enter PAN to proceed.
  4. Verify PAN details and click on “Search”.
  5. Enter Business Details for PAN verification:
    • Name (as per PAN)
    • Date of Birth/Incorporation
    • Captcha Code
  6. Click Submit (Incorrect details will lead to authentication failure).
  7. Upon successful PAN verification, click on Proceed.
  8. Register with email and mobile number, then Generate OTP.
  9. Enter OTP received via email and SMS, then click Submit.
  10. Enter Entity Details:
    • Business Name & Address
    • Contact Details
    • PAN, Date of Incorporation
    • Business Type (Proprietorship, LLP, Pvt Ltd, etc.)
    • Nature of Business (Manufacturer, Exporter, Service Provider, etc.)
    • Bank Account Details
  11. Click Update & Save.
  12. Enter Bank Details:
    • Bank Branch Address
    • 6-digit PIN Code
  13. Click Add and proceed to enter details of Directors/Proprietors.
  14. Provide Director/Proprietor Information:
    • Name, PAN, Date of Birth
    • Address & Mobile Number
    • Aadhaar Card Number
  15. Click ADD, then Upload Documents:
    • Address Proof (Rent Agreement, Electricity Bill, etc.)
    • Cancelled Cheque/Bank Certificate
  16. Pay the Government Fee (₹500 via Electronic Fund Transfer).
  17. Review & Submit the Application using Digital Signature or Without Digital Signature.
  18. Upon approval, IEC is issued and sent to the applicant’s address.

Accepted Address Proof Documents

  • Sale Deed / Rent Agreement / Lease Deed
  • MoU (Memorandum of Understanding)
  • Electricity Bill / Landline Bill
  • Partnership Deed
  • Passport, Voter ID, Aadhaar Card (only for proprietorship)

If the applicant’s firm name isn’t present in the address proof, a No-Objection Certificate (NOC) along with valid proof must be submitted.

Government Fee for IEC Registration

  • ₹500 (paid online via Electronic Fund Transfer - EFT).
  • Upon payment, a 10-digit IEC Code is issued and sent via post.

Once an IEC is obtained, the applicant is eligible to conduct import/export business legally and efficiently.

Conclusion

IEC registration is an essential requirement for businesses engaging in international trade. The process is straightforward, and with the right documents, it can be completed quickly. Applying for an IEC Code ensures smooth, legal, and hassle-free import/export operations.

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