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Import & Export Code (IEC)

IEC (Import Export Code) is a ten-digit number, which also contains alphabets and numbers.
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Special Entities

Import & Export Code (IEC)

IEC (Import Export Code) is a ten-digit number, which also contains alphabets and numbers. IEC is a mandatory prerequisite to starting a business of Import and Export in India which is issued by the Directorate General of Foreign Trade (DGFT). All kinds of businesses which are engaged in Import and Export of goods require registering for Import Export Code. It has a validity of a lifetime. There are different uses of this code for Importers and Exporters. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT customs, Export Promotion Council if they don’t have this code.

This Import and Export Code Registration is mandatory for Sole Proprietors, Partnerships or Private Limited Companies which are dealing in Import and Export of goods.

Here are the main traits of Import Export Code like;

→ This Import Export Code is mandatory for any person involved in the business of Import & Export Business.

→ The holder of this Import Export Code does not require filing any returns.

→ This Import Export Code is issued for a lifetime so that’s why there is no required any kind of renewal of this code.

→ Those people who are proprietors they can obtain this code in their name then after that, it’s not necessary to set up a business for the same.

These are the advantages of the Import Export Code like;

  1. Business Growth
  2. Export Subsidies
  3. Lifetime Validity
  4. No Return Filing
  5. Individuals can have IE codea

There are the following documents which are must for making the application to getting the Import Export Code:

→ PAN Card.

→ Photocopy of the Government identity proof.

→ Incorporation Certificate / Partnership Deed.

→ Copy of the cheque of the current bank account of the personal/company/firm.

→ Address Proof.

This is a procedure to register and getting IE Code;

→ To getting an IE code registration an online application has to be made to the directorate general of foreign trade along with the required supporting documents.

→ Once, the application is submitted, the department will issue the IE Code for the entity within 10-15 business days.

→ One important thing to be kept in mind is that the Permanent Account Number (PAN) is pre-requisite for grant of an IEC. The Department issues one IEC against a particular PAN only.

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