Registrations
Import Export Code (IEC)
What Is Import Export Code (IEC)?
An IEC is a unique 10-digit alphanumeric code issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Government of India. It serves as a vital business identification number for entities engaged in import and export activities.
Why is an IEC mandatory?
An IEC acts as a gateway to international trade. It is mandatory for any person or entity looking to import or export goods/services from India. It acts as a regulatory requirement for the Indian government to monitor and facilitate legitimate import and export activities. Import Export Code Renewal is mandatory for IEC License holders every year.
Benefits of an IEC
- Facilitates International Trade:An IEC simplifies customs clearances for both imports and exports, ensuring a smoother flow of goods.
- Eligibility for Schemes:Certain government schemes and benefits offered by DGFT, Export Promotion Councils, etc., become accessible with a valid IEC.
- Enhanced Credibility:An IEC signifies legitimacy and fosters trust among international trade partners.
Who can apply for an IEC?
- Individuals (proprietors)
- Companies (public or private or OPC)
- Limited Liability Partnerships (LLPs)
- Partnership firms
- HUFs (Hindu Undivided Families)
Documents required
Documents required
- PAN of Business or individual (in case of proprietor)
- Certificate of Incorporation (For Company and LLP)
- Contact Details (Mobile Number and Email Id)
- Bank Account Details with Cancelled Cheque Photo
- Address Proof of Office (Electricity Bill or Utility Bill)
Consulting Expertise for Your Import/Export Business
For a smooth entry into the world of international trade, consider partnering with a Ease Compliance who can guide you through the IEC application process and other import/export regulations. Our company offers comprehensive solutions to help you navigate the intricacies of international trade in India.