Import Export Code (IEC)
What is Import Export Code (IEC)?
Import Export Code (IEC) is necessary for import/export of goods. The first requirement before you start an import/ export business in India is to obtain an IEC. IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India. An IEC Number allotted to an applicant shall be valid for all its branches/divisions/units/factories as indicated on the IEC number.
However, under the following circumstances IEC code is not required:
1. Import/export of goods for personal use, which is not connected with trade, manufacture or agriculture.
2. Import/export by government ministries and departments, and certain notified charitable organizations.
Step 1: Applicant can apply for online Registration at DGFT Site(http://dgft.gov.in)
Step 2: Click on Importer Exporter Code (IEC) and select Online IEC Application.
Step 3: Login ID by entering PAN details of the Entity.
Step 4: Complete all details by filling relevant information online like:
• IEC Master
• Pay Fee through any designated bank online
• Attach Documents
Step 5: After the requisite procedure, the applicant will sign the Application and submit the same
Step 6: After the whole submission, a Customer Reference Number is generated.
Digital Photograph of the Signatory Applicant
Copy of PAN Card
Bank certificate or cancelled cheque bearing the entire name.
Letter from the banker
It is the primary proof for a firm as an Importer/ Exporter in India
It is submitted to various government authorities to obtain benefits in respect of their export and import from customs, DGFT, Export Promotion Council etc.
It acts as a license for Importing and Exporting of goods.
Through IEC number, Goods are cleared from the custom authorities.
It provides dealer code details along with the details of the port from which goods are being imported and export.
IEC reduces the transport of illegal goods.
IEC number shall be valid for all the divisions / units and factories indicated on the IEC number