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Import Export Code (IEC)
The Import Export Code (IEC) is a mandatory 10-digit business identification number issued by the Directorate General of Foreign Trade (DGFT) for businesses involved in importing or exporting goods and services from India. Without IEC, businesses cannot engage in cross-border trade.
Compliances for IEC Registration
GST Filing – Ensure regular GST compliance for seamless trade.
Correct Documentation – Maintain accurate invoices and shipping details.
Customs Compliance – Follow customs regulations and trade policies.
Annual KYC Update – Update business details periodically on the DGFT portal.
Foreign Trade Policy Adherence – Align with import-export policies and international trade laws.
Advantages of IEC Registration
Legal Requirement – IEC is mandatory for import-export activities.
Global Market Access – Enables businesses to trade internationally.
Government Benefits – Avail export incentives, subsidies, and schemes.
No Renewal Needed – IEC is valid for a lifetime without the need for renewal.
Easy Online Registration – Simplified application through the DGFT portal.
Documentation Required for IEC Registration
PAN Card of Business Entity
Aadhaar Card/Passport/Voter ID of the Proprietor/Partners/Directors
GST Registration Certificate (if applicable)
Bank Certificate or Cancelled Cheque
Business Address Proof (Electricity Bill/Rental Agreement)
Digital Signature Certificate (DSC) (if applicable)