Import Export Code

What is Import Export Code (IEC)?

The Import Export Code (IEC) is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. It is mandatory for any business or individual engaged in import or export of goods and services.

 

Why is IEC Registration Important?

IEC registration is crucial for businesses dealing in international trade. Here’s why:

  • Legal Requirement: IEC is mandatory for customs clearance, shipment, and foreign remittances.
  • Global Market Access: Enables businesses to expand internationally.
  • Government Benefits: Avail export incentives, duty exemptions, and subsidies.
  • Bank Transactions: Essential for receiving foreign currency payments.
  • Ease of Compliance: IEC has lifetime validity, requiring no periodic renewal.

 

When Do You Need an Import Export Code?

IEC is required in the following scenarios:

  • When importing goods/services from other countries.
  • When exporting goods/services to foreign clients.
  • For customs clearance of imported/exported goods.
  • When businesses want to apply for export benefits under government schemes.

 

Benefits of IEC Registration

Benefit

Description

Global Expansion

Helps businesses enter international markets.

Customs Clearance

Required for smooth import/export operations.

Government Schemes

Avail incentives under MEIS, SEIS, and RoDTEP.

Foreign Payments

Enables businesses to receive foreign currency remittances.

No Compliance Burden

Lifetime validity with no annual filings required.

 

How to Register for Import Export Code (IEC)?

Step-by-Step IEC Registration Process

Step 1: Visit DGFT Portal

Go to the official DGFT website (www.dgft.gov.in).

Step 2: Create a User Account

  • Register on the portal using your PAN, email, and mobile number.

Step 3: Fill in the IEC Application (Form ANF-2A)

  • Provide business details, nature of activity, and bank details.

Step 4: Upload Required Documents

  • Attach the necessary supporting documents (see the list below).

Step 5: Pay the Government Fee

  • Current government fee for IEC registration is ₹500.

Step 6: Submit the Application

  • Once submitted, the application is processed within 2-3 working days.
  • IEC certificate is issued electronically and can be downloaded from the portal.

 

Documents Required for IEC Registration

  • PAN Card of the business entity or individual.
  • Aadhar Card/Voter ID/Passport of the applicant.
  • Business Address Proof (Utility bill, Rent Agreement, or Incorporation Certificate).
  • Bank Certificate or Cancelled Cheque.
  • Digital Signature Certificate (DSC) (if required for firms/companies).

 

Government Fees for Import Export Code (IEC)

  • New IEC Application: ₹500
  • Modification of IEC: ₹200
  • IEC Surrender or Cancellation: Free of cost

 

Acts, Rules, and Notifications Relevant to IEC

  • Foreign Trade (Development & Regulation) Act, 1992 – Governs IEC regulations.
  • Foreign Trade Policy (FTP) 2015-20 – Provides guidelines for import/export businesses.
  • Customs Act, 1962 – Regulates customs duties and clearances.
  • DGFT Notification No. 58/2015-20 – Governs IEC modifications and updates.

 

State-Wise IEC Conditions (If Any)

Certain states may have additional regulations for specific industries. For instance:

  • Maharashtra & Gujarat: Special incentives for export-oriented units.
  • Tamil Nadu & Karnataka: Additional clearances for pharmaceutical and IT exports.
  • West Bengal: Special IEC norms for handicrafts and textile exporters.

 

Frequently Asked Questions (FAQs)

1. Who needs IEC registration?

Any business or individual engaging in import/export of goods or services must obtain IEC.

2. Is IEC mandatory for service exporters?

Yes, service providers receiving foreign remittances must obtain IEC.

3. Can an individual get an IEC?

Yes, individuals engaged in international trade can apply for IEC using their PAN and personal bank details.

4. Is there any renewal requirement for IEC?

No, IEC is valid for a lifetime and does not require renewal.

5. Can I modify my IEC details later?

Yes, modifications can be made online through the DGFT portal with a nominal fee of ₹200.

6. How long does it take to get IEC?

IEC is generally issued within 2-3 working days of application submission.

7. What happens if I import/export without an IEC?

Without IEC, you cannot clear goods through customs, and foreign payments may be rejected.

 

How Chhabria Associates Can Help You?

At Chhabria Associates, we simplify the IEC registration process for you. Our experts will: ✅ Guide you through eligibility and documentation. ✅ Handle IEC application and modifications. ✅ Assist in customs and DGFT compliance. ✅ Provide support for government incentives and funding.

📞 Call: 9289521162
📱 WhatsApp: 9289521162
📧 Email: chhabriaca@gmail.com
📍 Address: K-149, Main Road, Karawal Nagar, Delhi-110090