The Import Export Code (IEC) is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, Government of India. It is a prerequisite for any entity—be it an individual, partnership, company, or other business forms—engaged in importing or exporting goods and services in India.

The IEC serves as a business identification number for international trade, enabling:

• Customs Clearance: Facilitates the import and export of goods through customs.
• Bank Transactions: Required for receiving or making payments in foreign currency.
• Export Benefits: Eligibility for government schemes and incentives under the Foreign Trade Policy.
• Global Market Access: Opens avenues for businesses to expand internationally.

Once issued, the IEC is valid for the lifetime of the entity and does not require renewal. However, it is mandatory to update the IEC annually between April and June to keep it active. Failure to do so may result in deactivation of the IEC

Who Needs an IEC?

An IEC is Mandatory for:

• Businesses engaged in the import or export of goods and services.
• Entities seeking to avail benefits under the Foreign Trade Policy.

EXCEPT the Following:

• Importers and exporters registered under GST, as their PAN serves as the IEC.
• Imports or exports for personal use.
• Government departments and ministries.
• Notified charitable institutions.
• Small-value consignments (up to ₹25,000) from/to Nepal and Myanmar.

Application for IEC:

1. Visit the DGFT Website: Navigate to the DGFT portal and register/login.
2. Fill Application Form: Complete the ANF 2A form under IEC Profile Management.
3. Upload Documents: Provide necessary documents such as PAN card, proof of establishment, identity proof, address proof, and bank details.
4. Pay Fees: A nominal fee of ₹500 is required.
5. Submit Application: After submission, the IEC is typically issued within 10-15 working days

For businesses looking to venture into the global market, obtaining an IEC is a crucial step. The process is straightforward and can be completed online through the DGFT portal. Ensuring timely updates and compliance with regulations will pave the way for successful international trade endeavors.

Documents required for IEC (Import Export Code) registration:

For IEC Code Registration, the following documents are required:

• Individual’s, firm’s or company’s copy of PAN Card.
• Proprietor’s voter ID, Aadhaar card or passport copy.
• Proof of establishment, incorporation or registration of the partnership, society, proprietorship firm, company, HUF, etc.
• Proof of address of business premise, such as sale deed, lease deed, rent agreement or utility bills (electricity bill, telephone bill or mobile bill).
• Individual’s or company’s or firm’s cancel cheque copies of current bank accounts.
• A self-addressed envelope for delivery of IEC certificate by registered post.