Director General of Foreign Trade (DGFT), Ministry of Commerce, Government of India issues a unique 10 digit code known as IEC (Import Export Code) Code to Indian Companies. To import or export in India, IEC Code is mandatory. However for Import/export of goods for personal use, which is not connected with trade, manufacture or agriculture & Import/export by government ministries and departments, and certain notified charitable organizations IEC code is not required.
IEC code is the first requirement before anyone starts an import- export business. IEC number is to be submitted with government authorities as a proof of exporter/importer in order to obtain various benefits on their exports / imports from DGFT, customs, Export Promotion Council etc. Besides this MSME registration is something which is gaining importance these days.
A proprietor can have only one IEC number. In case there is more than one IEC allotted to a proprietor, the same can be surrendered to the Regional Office for cancellation. IEC code online application form can also be obtained in PDF or Doc format. Besides this MSME registration is something which is gaining importance these days. Various documents are required for Import- Export Code Application to be submitted online
Importer exporter code (IEC) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/company for carrying out import export.
Any bonafide person/company starting a venture for International Trade.
On the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, customs and export promotion council etc.
a. Current bank account details.
b. Self-attested copy of the PAN (permanent account number) card
c. Bankers certificate
d. Two copies of the passport size photograph of the applicant, which is duly attested by the banker of the applicant.
No, IEC issued or dispatched by Speed Post to the address mentioned on the self-addressed envelope enclosed with the application
An IEC application can be made manually as well as online.
Only one IEC would be issued against a single PAN number. Any owner can have only one IEC number.
IEC code is one time license and valid for lifetime.