IEC Registration is a mandatory license issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India, for businesses involved in importing or exporting goods and services across Indian borders. Without an IEC code, no individual or business can legally import or export goods.
Import Export Code Registration – an Overview.
An import export code is a unique 10-digit code that is required for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require their IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC
What is Import Export Code?
IEC registration is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods require registering Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad. The IEC does not apply to technology and services.
Documents Required for IEC Registration
- PAN Card of the individual or business entity.
- Identity Proof (Aadhaar card, Passport, Voter ID) of the applicant.
- Address Proof of the business (Utility bill/Rent agreement/Ownership documents).
- Bank Account Details (Cancelled Cheque or Bank Certificate).
- Digital Signature (DSC) for companies and LLPs.
- Business Registration Certificate (in case of company, partnership, LLP).
Step-by-Step Process for IEC Registration
- Visit DGFT Portal:
Go to https://www.dgft.gov.in. - Create Login Credentials:
Register as a new user. - Fill Online Application (ANF-2A Form):
Provide details like PAN, business address, and bank details. - Upload Documents:
Attach required documents as per format. - Pay Fees:
Government fee (approximately ₹500). - Get IEC Certificate:
Once verified, the IEC code is issued electronically within 1-2 working days.