IEC stands for Importer Exporter Code. issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, to businesses or individuals involved in import and export activities.
IEC registration is mandatory for any person or entity seeking to engage in the import or export of goods and services from India. This unique code helps in identifying the importers or exporters and facilitates their transactions with customs authorities and other government agencies.
Ensure that your business is eligible to apply for an IEC. Generally, all businesses engaged in importing or exporting goods and services from India require an IEC. This includes individuals, partnerships, LLPs (Limited Liability Partnerships), companies, and others.
Visit the Directorate General of Foreign Trade (DGFT) website (https://www.dgft.gov.in/) and create an account. You’ll need a valid email ID and mobile number to register.
Log in to your DGFT account and complete the online IEC application form (Form ANF-2A). Provide accurate information about your business, such as name, address, PAN (Permanent Account Number), bank details, and contact information.
Pay the required application fee online through the DGFT portal. The fee amount may vary depending on the type of applicant and other factors.
Review the information provided and submit the application. Upon submission, you’ll receive an acknowledgment with a unique Application Reference Number (ARN).
The DGFT will process your application. This typically takes 1-2 working days, but it can vary based on the workload and other factors.
Once your application is approved, you’ll receive your IEC certificate electronically via email. The certificate is required for all import/export transactions.
The IEC code (Import Export Code) is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. It is required for businesses involved in importing or exporting goods and services from India. The IEC code is mandatory for conducting international trade, as it helps to track and regulate shipments, and it is used for customs clearance and to receive export benefits.
Any business or individual involved in the import or export of goods and services from India requires an IE Code.
You can apply for an IEC online through the DGFT portal by filling out the application form, submitting required documents, and paying the applicable fee.
Yes, IEC is mandatory for businesses or individuals engaging in international trade. Without it, customs clearance and export/import benefits cannot be availed.
No, each business or legal entity must have its own separate IEC.
IEC registration is usually processed within 3-7 working days, provided all documents are correct and complete.