Import Export Code

An Import Export Code (IEC) is a unique 10-digit 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 and export of goods and services. Obtaining an IEC is the first step for anyone looking to expand their business into international markets.

Why is IEC Important?

IEC is a critical document for facilitating international trade. Without it, businesses cannot:

• Import goods into India.
• Export goods from India.
• Avail benefits under export-import schemes like MEIS, SEIS, and duty drawbacks.
• Clear shipments through customs or receive payments from foreign entities.

Features and Benefits of IEC

1. Legal Requirement: IEC is mandatory for conducting import-export activities under Indian law.
2. No Renewal Needed: Once issued, IEC has lifetime validity and requires no periodic renewal.
3. Access to International Markets: Enables businesses to expand beyond domestic boundaries.
4. Government Benefits: Facilitates access to government export schemes, subsidies, and tax rebates.
5. Global Recognition: Boosts the credibility of businesses in international markets.
6. Simplified Process: The process of obtaining IEC is straightforward and entirely online.

Who Needs an IEC?

IEC is mandatory for:

• Importers to clear shipments through customs.
• Exporters to send shipments and receive foreign currency payments.
• Businesses looking to avail benefits from DGFT’s foreign trade policies.

However, individuals or entities dealing in goods and services exempted under specific trade policies may not need an IEC.

How to Apply for IEC

1. Register on the DGFT Portal
   • Visit https://www.dgft.gov.in and create a profile.
2. Submit the Application
   • Fill out the online application form ANF 2A with business and bank details.
3. Upload Required Documents
   • Submit the necessary documents, including proof of identity, address, and business.
4. Pay the Fee
   • Make the prescribed online payment.
5. Receive IEC
   • Upon successful verification, IEC will be issued digitally and emailed to the registered address.

Documents Required for IEC

1. For Proprietorship:
   • PAN card of the proprietor.
   • Aadhaar card/Passport/Driving License for identity proof.
   • Address proof of the business.
2. For Partnership Firm/Company:
   • PAN card of the firm or company.
   • Partnership deed or Certificate of Incorporation.
   • Bank account details (cancelled cheque or bank statement).
   • Address proof of the registered office.

Why Choose Soshniti for IEC Registration?

At Soshniti, we make the IEC registration process hassle-free by providing:

• Guidance on eligibility and documentation.
• Expert assistance in filling the online application.
• Real-time updates on application status.
• Comprehensive support for resolving queries and errors.
• Advisory services for trade compliance and government schemes.