Import Export Code
What Is Import Export Code
The Import Export Code (IEC) is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. It is mandatory for businesses and individuals engaged in the import or export of goods and services in India.
Who Needs an IEC?
Businesses or individuals involved in importing goods into India.
Exporters of goods or services from India.
Freelancers or companies providing services outside India and receiving payments in foreign currency.
E-commerce sellers shipping products internationally.
Benefits of IEC Registration
Legal Requirement for International Trade:
Mandatory for customs clearance and foreign exchange transactions.
Global Market Expansion:
Enables businesses to engage in international trade.
Access to Government Benefits & Incentives:
Eligible for export promotion schemes like MEIS, SEIS, duty drawbacks, etc.
No Renewal Required:
IEC is valid for a lifetime and does not need renewal (only updates when necessary).
Ease of Transactions:
Required by banks for international money transfers and transactions.
Documents Required for IEC Registration
PAN Card of the applicant (Individual or Business).
Aadhaar Card/Voter ID/Passport (for individual applicants).
Business Registration Certificate (for companies, LLPs, etc.).
Bank Account Details (Cancelled cheque or bank certificate).
Address Proof (Electricity bill, Rent agreement, etc.).