What is IEC registration?
IEC (Importer Exporter Code) is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT), required by any person or business importing or exporting goods and services from India.
Is IEC mandatory for import/export?
Yes, IEC is mandatory for carrying out import and export activities in India, except in specific exempted cases like personal use items or exports/imports by government departments.
Who needs IEC registration?
Any individual, business, partnership firm, LLP, or company planning to start import or export operations in India needs to obtain an IEC.
How to apply for IEC registration?
IEC registration can be applied online through the DGFT website by filling Form ANF-2A, uploading required documents, and paying the applicable fee.
What documents are required for IEC registration?
PAN Card of the applicant
Address proof of business
Bank certificate or cancelled cheque
Digital Signature (DSC) for company/LLP
Entity incorporation documents (for firms/companies)
How much does IEC registration cost?
The government fee for IEC registration is ₹500 (as per current DGFT norms). Additional professional charges may apply if taken through consultants.
How long does it take to get IEC?
IEC is usually issued within 1 to 3 working days after successful submission of application and documents.
Is IEC registration valid for a lifetime?
Yes, once issued, the IEC is valid for a lifetime unless it is surrendered or cancelled by DGFT. However, annual updation is mandatory even if no changes occur.
Can IEC be modified or updated?
Yes, IEC details such as address, contact information, or entity name can be updated online through the DGFT portal.
Is DSC (Digital Signature Certificate) mandatory for IEC registration?
DSC is mandatory for companies and LLPs. For proprietors or individuals, Aadhaar-based e-sign can be used alternatively.
Can one IEC be used for multiple businesses?
No, one IEC is applicable to only one entity (based on PAN). Separate PAN-based businesses must obtain separate IECs.
Do service exporters also need IEC?
Yes, service exporters (especially in IT and consultancy sectors) also require IEC, particularly when receiving payments in foreign currency.
What is the penalty for not having an IEC?
Import/export without IEC can lead to seizure of goods, penalties, and inability to clear shipments through customs.
Can IEC be surrendered?
Yes, IEC can be voluntarily surrendered through the DGFT portal if the entity discontinues its import/export operations.
Do I need to renew my IEC every year?
While the IEC is valid for life, you must confirm and update the IEC details online every year between April and June. Failing to do so may deactivate your IEC.