IEC Code Registration
Ready to expand your business internationally? Get your Import Export Code (IEC) and start importing and exporting goods with ease. Essential for global trade, the IEC helps streamline customs procedures and opens doors to new markets. Apply today for IEC Code and take your business global!
Pricing Summary
(Prof. Fee Rs. 1,499 + Govt fee Rs.500)
- Documents preparation
- Application filing for IEC
- Issuance of IEC Code Certificate
- All India Service
- Easy Onlie Process
- 24*7 Hours Customer Support
IEC Code Registration: Overview
The Import-Export Code (IEC) is a unique 10-digit alphanumeric identification number mandated by Section 7 of the Foreign Trade (1992 Act) in India. . It is essential for anyone looking to start an import-export business in India, as it helps the government monitor and prevent illegal trade activities. . The Import export License application process has been simplified and can now be completed online on the Directorate General of Foreign Trade (DGFT) portal.
What is IEC Code?
The IEC Code is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce & Industry, Government of India. It is required for any business or individual engaged in importing or exporting goods and services in and out of India. Essentially, this code functions as an identity for your business in the international trade ecosystem. The IEC Code is a one-time registration, and it remains valid for life unless the business is closed or the registration is revoked.
IEC Code Registration Fees
(Professional Fee Rs. 1,499+ Govt fee Rs.500)
- Get IEC Certificate within 1 day.
Required Documents for IEC Code Registration
- PAN card of the applicant or business entity
- Proof of business address (e.g., rent agreement, utility bills)
- Bank account details (bank statement or cancelled cheque)
- Passport-sized photographs of the applicants (if applicable)
- Identity proof of the applicant (Aadhaar, Passport, Voter ID, etc.)
- Partnership deed or Certificate of Incorporation (for companies/LLPs)
- Authorisation letter (for third-party signatories)
- GST Registration Certificate (if applicable)
What is Validity of Import Export License
The IEC is issued as a 10-digit code by the Directorate General of Foreign Trade (DGFT) and is valid for the lifetime of the business entity. Once obtained, it does not require renewal in the traditional sense.
Although the IEC itself does not need to be renewed, it must be updated annually between April and June each years. This update is mandatory to ensure that all information associated with the IEC is correct.
Failure to update the IEC within the stipulated timeframe can lead to deactivation. A deactivated IEC prevents businesses from conducting import or export activities until it is reactivated through the update process.
Why is IEC Code Registration Important?
IEC (Importer Exporter Code) Registration plays a critical role in facilitating international trade. Whether you’re a small business or a large enterprise, having an IEC Code opens up numerous opportunities for global expansion and ensures compliance with legal regulations. Here are some key reasons why IEC Code Registration is important:
1. Legal Requirement for International Trade
If you wish to import or export goods and services, obtaining an IEC Code is a mandatory requirement by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, India. Without it, you cannot legally carry out international trade, and your shipments may be halted at customs.
2. Streamlined Customs Clearance
The IEC Code acts as a business’s unique identifier in the international trade system. When you import or export goods, customs authorities require your IEC Code to verify the legitimacy of the shipment. It ensures smooth processing at customs and avoids unnecessary delays or penalties, speeding up the entire logistics process.
3. Eligibility for Export Benefits and Incentives
Registered businesses can take advantage of various government schemes and benefits designed to promote exports, such as duty exemptions, tax rebates, and financial assistance. These incentives can significantly reduce operational costs and make international business more profitable.
4. Builds Credibility in Global Markets
Having an IEC Code enhances your business’s credibility, signaling to foreign suppliers, customers, and partners that you are a legitimate and reliable player in the global market. This recognition can help you establish trust with international clients, which is essential for successful cross-border trade.
5. Facilitates Financial Transactions
An IEC Code is required for conducting international financial transactions, including the transfer of payments for imports and exports. You will need it to open a bank account for international trade purposes, ensuring smoother and faster payment processing.
6. Prevents Legal Issues
Without an IEC Code, your business could face legal issues, such as fines or even the suspension of trading privileges. It’s a safeguard against non-compliance with government regulations and provides you with the legal backing necessary to operate internationally.
7. Enhances Business Opportunities
With an IEC Code, your business has the potential to expand beyond local markets, reaching international customers and suppliers. It opens the door to new business opportunities, helping your company grow and become more competitive on the global stage.
8. No Expiry or Renewal Required
One of the significant advantages of the IEC Code is that it has a lifetime validity, so once you’re registered, you don’t need to worry about renewals. However, it’s important to update your details with the DGFT if there are any changes to your business address or bank details.
Important Points to Remember
Validity of IEC Code: The IEC Code is valid for a lifetime and does not require renewal. However, if there are any changes in your business details (such as name, address, or bank account), you must update the information with DGFT.
Non-transferable: The IEC Code is specific to the entity to which it is issued. It cannot be transferred or shared.
No requirement for small businesses: If your business is involved in domestic trade only and doesn’t plan to engage in any import or export activities, IEC Code registration is not necessary.
Get Your IEC Code Registration Today!Unlock global trade opportunities—apply for your IEC Code now and expand your business internationally with ease!
Frequently Asked Questions (FAQs)
An Importer-Exporter Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT) in India, required for anyone engaging in import or export activities.
The IEC Code is mandatory for legal import and export operations in India. It facilitates international trade and is required for financial transactions with banks.
You typically need:
- PAN card of the applicant
- Proof of business (like a Certificate of Incorporation)
- Bank account details (cancelled cheque)
- Identity and address proof
The registration process is usually completed within 1-2 days, provided all documents are in order.
No, the IEC Code does not expire. However, you must update it if there are changes in your business structure or ownership.
Yes, there is a nominal fee for IEC registration, which may vary depending on the service provider, however government fee for IEC Code Registration is Rs. 500/-.
Yes, individuals, sole proprietors, partnerships, and companies can apply for an IEC Code to conduct import-export activities.
Without an IEC Code, you cannot legally import or export goods, and financial institutions may refuse to process your transactions.