What is IEC (Import Export Code)?
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What is IEC (Import Export Code)?
Import Export License (Import Export Code) IEC Registration
An Import Export Code (IEC) is a 10 digit unique code required by anyone, who is looking to forward to start an export/import business in the country. It is issued by the DGFT (Director General of Foreign Trade) which has a validity of lifetime. Considering the recent business trends it shows a gradual shift on growth from local market to International Market. Registration of Import Export Code (IEC) online is a one-time process. Registration for IEC online has become simple, supported with a few documents.
Benefits of Import Export Code
Global Markets at Fingertips
Only the business with IEC is allowed to import or export goods/services in to foreign markets. IEC is a key to expand market for your goods/services from the local market to international hence to achieve huge growth in your business.
Easy Processing
The process of applying for Import Export Code (IEC) is simple and hassle-free with BookMyTM. It normally takes merely 4 – 5 working days for obtaining Import Export Code.
Compliance free
There are no adaptation formalities after obtaining Import Export Code, unlike other tax registrations, the IE Code holder does not need to comply with any kind of annual filing or return filing.
Government Benefits
The businesses with IEC are eligible for the schemes under DGFT on their foreign trade as well they can avail subsidies from Export Promotion Council and Customs or similar government organizations.
Documents Required for Register for IEC Online
PAN Card
PAN card of the applicant or the Company
Address Proof
Rent Agreement/ Latest Electricity Bill/Telephone Bill/Sale Deed in the name of Applicant
Cancelled Cheque
A cancelled cheque of current account bearing entity’s pre-printed name or Bank Certificate
PAN card of Director or Partner
For a Partnership/Company, PAN card of the Director/Partner is a must
Certificate of Registration
The Entity should provide registration certificate with MoA- AoA / LLP Agreement, or a Partnership Deed as applicable
When is IEC code required?
- For Import and Export of Goods from India
- For Import and Export of Services from India
- To clear the shipment while making an Import or Export
Register for IEC in 3 Easy Steps
Fill up the registration form
- Select any package suits your requirement. Fill up the form which will take less than 10 minutes.
Make payment
- Make payment through secure payment gateway.
BookMyTM is Here to Help
- Your queries will be answered quickly and effectively. We handle application prep, filing, and allotment. All it takes 4 – 5 working days*.
The Process of Registering for IEC Online
- 1
Day 1 – 2
- Collection of Information
- Collection of required documents (Scanned copies)
- Review of documents and information provided
- 2
Day 3 – 4
- Drafting and preparation of Application
- 3
Day 5 Onward
- Filing online IE Code registration application with DGFT
- Your IE Code Generated*
- *Subjected to Government Processing Time.
Frequently Asked Questions
IEC stands for Importer Exporter Code.
Yes, it is mandatory for a trader to obtain the 10-digit unique IEC code to carry out any import or export from India.
An IEC has lifetime validity. It does not require any renewal.
No, you cannot import or export any goods or services from India without obtaining a valid IEC.
A person can obtain only one IEC against a single PAN card. If you have more than one IEC, you must surrender the other and keep only one.
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