Import-Export Code
An Import Export Code (IEC), also known as Importer-Exporter Code, is a crucial business identification number for anyone involved in international trade in India. It acts like a passport for your import and export activities.
₹ 2000/- ₹ 5000 60% Off (Excluding government fees)
Documents Required
- PAN Card of the applicant (individual or company)
- Cancelled cheque of the bank account used for international transactions
- Address proof of the registered office or principal place of business
Import-Export Code Details
Mandatory for:
- Importing goods into India
- Exporting goods from India
Validity:
Lifetime
Benefits of IEC:
- Streamlined Trade
- Government Benefits
- Trustworthiness
Eligibility for IEC:
- Any individual, proprietorship firm, partnership firm, Limited Liability Partnership (LLP), or company can apply for an IEC.
- No specific turnover or business experience is required.
FAQs
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Import Export Code (IEC) is a 10-digit registration number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It is mandatory for businesses or individuals involved in importing or exporting goods and services from India.
Any person or entity engaged in importing or exporting goods and services from India needs to obtain an IEC. This includes individuals, firms, companies, LLPs, NGOs, and others.
No, IEC is issued to a specific entity or individual and is not transferable. If there is a change in ownership or constitution of the business, a fresh application for IEC is required.
Yes, IEC is mandatory for both goods and services. Any person or entity exporting services from India also needs to obtain an IEC.
Typically, the processing time for issuing an IEC is 1 to 2 working days from the date of submission of a complete application along with supporting documents.
Yes, businesses holding an IEC must comply with the provisions of the Foreign Trade (Development and Regulation) Act, 1992 and the Rules and Orders made thereunder.
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