Import Export Code (IEC) Registration in India
What is an IEC?
An Import Export Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. It is mandatory for any business involved in importing goods or services into India or exporting from India. Without an IEC, businesses cannot clear shipments through customs.
IEC plays a critical role in simplifying customs procedures, enhancing export-import compliance, and facilitating international trade.
Legal Framework & Governing Laws
- Foreign Trade (Development & Regulation) Act, 1992
- Provides the legal basis for issuance, regulation, and cancellation of IEC.
- Section 7: DGFT may grant an IEC to any person who applies in the prescribed form.
- Foreign Trade (Regulation) Rules, 1993
- Prescribe the application procedure, documents required, and eligibility criteria for IEC.
- DGFT Public Notices and Notifications
- DGFT frequently updates guidelines for IEC issuance, modification, and renewal.
- Notably, Public Notice 7/2015-2020 mandates that IEC is linked with PAN for identification and authentication.
Who Requires an IEC?
- Businesses or individuals intending to import goods/services into India.
- Businesses or individuals intending to export goods/services from India.
- Entities requiring IEC for banking purposes, such as remittance for imports or receipt of export proceeds.
IEC is not required for imports/exports under customs exemptions for personal use, sample shipments, or for imports under certain government schemes.
Documents Required for IEC Registration
- PAN Card of the Applicant (mandatory for both individuals and companies)
- Business Registration Proof:
- Private/Public/LLP: Certificate of Incorporation
- Partnership: Partnership Deed
- Proprietorship: Registration certificate or GST registration
- Bank Account Proof: Cancelled cheque or bank certificate
- Address Proof: Utility bills, rent agreement, or registered office certificate
- Digital Signature Certificate (DSC) for online filing (if applicable)
Procedure for IEC Registration
- Online Application: Submit the application through the DGFT portal (https://www.dgft.gov.in).
- Document Upload: Upload PAN, business registration proof, address proof, and bank details.
- Verification: DGFT verifies the application electronically.
- Issuance of IEC: Upon successful verification, a 10-digit IEC code is issued digitally.
- No Renewal Required: IEC is valid lifetime, but updates must be filed if there are changes in the business or banking details.
Advantages of IEC Registration
- Mandatory for Trade: Enables import/export legally and smoothly.
- Customs Clearance: Required for customs documentation and shipment clearance.
- Banking Transactions: Needed for receiving export proceeds and making import payments.
- Participation in Schemes: Access to government export incentives, duty exemptions, and subsidies.
- Business Credibility: Enhances trust with international partners and customs authorities.
Common Compliance Notes
- IEC is linked to PAN; one PAN → one IEC.
- Changes in entity name, constitution, or bank details require filing for IEC modification through DGFT.
- DGFT may cancel IEC if the holder is found violating trade rules or misusing the code.
Our IEC Registration Services
At India Stat Filing, we provide end-to-end support for IEC registration:
- Eligibility Assessment: Check if your business requires an IEC.
- Document Guidance: Assistance in preparing and verifying required documents.
- Application Filing: Complete submission on DGFT portal with follow-ups.
- Modification/Update Services: Help update banking, business, or address details.
- Export Compliance Advisory: Guidance on utilizing IEC for government schemes and regulatory compliance.
📞 Get Started Today
Secure your Import Export Code (IEC) and expand your business globally with India Stat Filing, ensuring smooth regulatory compliance and hassle-free trade operations.