Easily Apply IEC (Import Export Code) Online
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Apply IEC (Import Export Code) Online In India With Advisource
Don’t let the lack of an IEC hold you back. Apply now and start reaping the rewards of international trade!
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IEC (Import Export Code)
What is IEC (Import Export Code)
IEC (Import Export Code) is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) in India. It is required for any business or individual that wants to import or export goods or services from or to India. The IEC is a unique identification number that is mandatory for any company or individual that wants to engage in international trade in India.
The IEC is required for compliance with Indian customs regulations and is a pre-requisite for availing benefits under various government schemes and procedures. It’s a one-time registration and once obtained it remains valid for lifetime.
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Circumstances in which an IEC is required
An IEC is required by customs when an importer is clearing their shipments. Banks also require an IEC when an importer is sending money abroad. Additionally, an IEC is needed by customs ports when an exporter is sending shipments and by banks when an exporter is receiving foreign currency directly into their bank account.
Documents required for IEC (Import Export Code) Registration
The following documents are necessary for obtaining an IEC registration:
- A copy of PAN Card for the individual, firm or company
- A copy of voter ID, Aadhar card or passport for the individual
- Copies of current bank account’s canceled cheque for the individual, firm or company
- A copy of the rental agreement or electricity bill for the premise
- An self-addressed envelope for the delivery of IEC certificate through registered post.
Benefits of IEC Registration
Expanding Your Business Horizons
Obtaining an IEC code allows you to take your products or services to a global market and grow your business.
Accessing Various Perks
Companies can take advantage of various benefits offered by the DGFT, Export Promotion Council, Customs, and more, based on their IEC registration.
No Maintenance Required
There is no need to file returns for an IEC code, and it does not need to be renewed throughout the lifetime of the entity. It can be used for all import and export transactions without any additional process required.
Simple Application Process
The process of obtaining an IEC code from the DGFT is straightforward and can be completed within 10-15 days after submitting the application. No proof of import or export is required.
Permanent Validity
Once obtained, an IEC code is valid for the lifetime of the entity and does not require renewal.
Where Import-Export Code (IEC) is Not Mandatory
The government’s latest directive states that obtaining an Import Export Code (IEC) is not necessary for all traders registered under the Goods and Services Tax. In these cases, the trader’s PAN number can be used as an alternative IEC for importing and exporting. Additionally, obtaining an IEC is not necessary for individuals importing or exporting goods for personal use or for import and export carried out by government departments, ministries, and designated charitable organizations.