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WHAT IS IMPORT EXPORT (IEC) CODE

WHAT IS THE IMPORT-EXPORT (IEC) CODE 

An Importer - Exporter Code (IEC) is a key business distinguishing proof number required for trade from India or Import to India. No product or import will be made by any individual without getting an IEC except if explicitly absolved. For administrations sends out notwithstanding, IEC will not be essential except when the specialist organization is taking advantage under the Foreign Trade Policy.

The result upon presentation of GST, IEC being given is equivalent to the PAN of the firm. Be that as it may, the IEC will in any case be independently given by DGFT because of an application. The idea of the firm getting an IEC might be any of the follows-Proprietorship, Partnership, LLP, Limited Company, Trust, HUF, and Society.

The principal necessity before you start an import/trade business in India is to get an IEC. An IEC is essential for the import/commodity of products. On the off chance that the import/send out is of administrations or innovation, IEC is expected in just restricted conditions, when import/trade is in 'indicated administrations' or 'determined advancements', for example, administrations or advancements in which global exchange is limited by the Government of India as they relate to public safety, like managing in atomic weapons, programmed firearms, and so forth.

What is the Import-Export (IEC) code?

Import Export Code (otherwise called IEC) is a 10-digit distinguishing proof number that is given by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is otherwise called Importer Exporter Code. It is required for organizations and organizations to acquire this code to begin a business that arrangements with imports and products in the Indian Territory. It is unimaginable to expect to manage commodity or import business without this code.

There are sure cycles and conditions that you really want to satisfy to get the Import Export Code. You likewise need to comply with specific guidelines. When you satisfy the circumstances, you can get the IEC code from the DGFT workplaces. It has a few local workplaces all through the country.

When is IEC used?

  • When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
  • When an importer sends money abroad through banks then it’s needed by the bank.
  • When an exporter has to send his shipments then it’s needed by the customs port.
  • When an exporter receives money in foreign currency directly into his bank account then it’s required by the bank.

Benefits of IEC Registration

  • Expansion of Business

 IEC assists you in taking your services or products to the global market and growing your businesses.

  • Availing Several Benefits

Companies could avail several benefits of their imports/ exports from the DGFT, Export Promotion Council, Customs, etc., based on their IEC registration. 

  • No Filing of Returns

IEC does not require the filing of any returns. Once allotted, there isn’t any requirement to follow any sort of process for sustaining its validity. Even for export transactions, there isn’t any requirement for filing any returns with DGFT.

  • Easy Processing

It is fairly easy to obtain the IEC code from the DGFT within a period of 10 to 15 days after submitting the application. There isn’t any need to provide proof of any export or import for getting the IEC code.

  • No Need for renewal

IEC code is effective for the lifetime of an entity and requires no renewal. After it is obtained, it could be used by an entity against all export and import transactions.

  • Validity of IEC

An IEC number allotted to an applicant shall be valid for all its branches/divisions/units/factories. IEC is valid forever and there is no need to renew the same.

  • The Duplicate copy of the IEC

If the original IEC, issued in format Appendix 18B, is lost or misplaced, issuing RA may consider a request for grant of a duplicate copy of the IEC in the same format Appendix 18B, based on an affidavit.

  • Surrender of IEC

If an IEC holder does not wish to operate allotted IEC numbers, he may surrender the same by informing the issuing authority. On receipt of such intimation, issuing authority shall immediately cancel it and electronically transmit it to DGFT and Customs authorities.

  • Modification in IEC


(a) An application for modification shall be filed with the RA from where IEC was originally issued.

(b) ANF2A shall be used for modification of IEC details like name, address, constitution, etc. Application for modification should be filed within 90 days of the modification, after which a penalty as per Para 9.1 of HBP v1 shall be charged as additional application fees.

(c) If the ownership of a proprietor-firm, that has been issued an IEC undergoes any change

 due to sale, gift, inheritance, or any other reason; and it continues to be proprietor-firm even after such change, then an application to incorporate such details of change along with PAN details of the new ownership be made before the concerned RA. If by such change of ownership, the nature of the firm changes from proprietor-firm to any other type, again necessary application to incorporate the changes shall be made to the concerned RA.

The IEC issued is valid for all the branches or factories of the importer/exporter, as the case may be. Applications that are complete in all respects are normally disposed of within two days.


Assuming that you want any help concerning the system for getting the IEC
enrollment, or restoration of the IEC permit, kindly go ahead and call our business consultants at 01149987764

Apply for our in the  WEBSITE the most recent updates connecting with your business.https://iecportal-india.org.in/


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