What is Import Export Code (IEC)?

The Import Export Code (IEC) is a unique 10-digit number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Government of India. This code is mandatory for anyone wishing to import or export goods or services from India. The IEC is essentially a business identity for foreign trade transactions and is a prerequisite for dealing with customs, banks, and other government agencies involved in international trade.

Who Needs an Import Export Code (IEC)?

The following entities are required to obtain the IEC:

• Importers: Businesses intending to bring goods into India.
• Exporters: Businesses wishing to send goods or services out of India.
• Freight Forwarders and Customs Brokers: Businesses involved in handling logistics and facilitating trade.
• Manufacturers: Those who wish to sell products internationally.

Benefits of IEC Registration

1. International Trade Facilitation: The IEC enables your business to carry out import and export activities across borders.
2. Required for Customs Clearance: Without an IEC, your goods cannot be cleared through Indian customs.
3. Access to Export Benefits: Companies with IEC are eligible for various export promotion schemes and government incentives.
4. Easy Banking Transactions: IEC is necessary to open an account with a bank for foreign exchange transactions.
5. Establishes Credibility: IEC registration gives your business a formal identity, making it easier to deal with foreign clients and partners.

How to Apply for Import Export Code (IEC)?

1. Step 1: Create a Login
   Visit the official DGFT website and create an account to access the IEC registration portal.
2. Step 2: Submit Application
   Complete the application form and upload the required documents, including:
   • PAN Card of the business entity or individual.
   • Proof of Address: Office or business address proof (e.g., utility bill, rent agreement).
   • Bank Details: A copy of the cancelled cheque or bank statement.
3. Step 3: Pay Application Fee
   The application fee for IEC registration can be paid online using a debit/credit card or net banking.
4. Step 4: Obtain IEC
   After the documents are verified and the application is approved, the IEC is issued. It will be sent to the registered email address, and the code is valid for a lifetime.