A bonafide person or a company who is thinking to deal with or is currently dealing in the import and export of goods
must have an import export code. It is a 10-digit number granted by the Directorate General of Foreign Trade under
the Ministry of Commerce and Industry. It is compulsory to obtain IEC before you start importing or export of any
kind of good or raw material. In case you are importing or exporting intangible products only specified services need
IEC. Generally, these specified services or technology products are restricted by the government of India because
they pertain to national security for example if you are dealing in nuclear weapons or automatic guns, etc.
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You cannot continue your business of export and import if you don't have the IEC which makes it a very necessary
code for any business. For the application of IEC, you must submit the application form and necessary documents to
the Directorate General of Foreign Trade. It takes 15 to 20 working days or less for the application submission and
issuing of IEC by DGFT.
1. Importers
The tax payment of the importers has been simplified by applying the GST tax system and replacing multiple
taxes from it.
2. Exporters
IEC is a necessary document for any exporter to export goods out of the country. Also, if you want to receive
foreign currency in your bank account you need IEC.
3. One-Time Registration
Business needs to register for IEC only a single time in the whole lifetime of the business. It also means that
there is no need for a renewable code.
4. Return Filing isn't Necessary
Once you have carried out the IEC registration process you don't need to undertake any further compliances
to maintain the validity of the code.
1. PAN card
2. Copy of the company’s government ID
3. Supporting documents like a sale sheet or rent agreement in the name of the applicant
4. Canceled cheque in full
5. Certificate of registration
6. Current bank account statement
1. Select Package
Your journey starts with the package selection. Our team of professionals is here to assist you & solve your
doubts accordingly.
2. Obtaining information and documents
We will help you collect all the necessary information and documents required
3. Preparation of application
We will draw the application in the proper format and help you with submission.
4. Filing for IEC code online
We will help you in filing for the IEC code and pay the fee to the DGFT.
5. Government processing time
After conducting all these obligations, you will receive an IEC from the government in soft copy.
Legal24by7 is here to make everything easy for you. If you have any doubts about how to start with the procedure,
we are here to resolve this confusion for you. We will enlighten you about what are the different criteria you must
fulfill & what is the best possible way you can do everything smoothly. For the convenient Import Export Code (IEC
CODE) application, we have a team of highly skilled professionals and a large network of people who can assist you
with every service that you will need.
A bonafide person or a company who is thinking to deal with or is currently dealing in the import and export of goods must have an import export code. It is a 10-digit number granted by the Directorate General of Foreign Trade under the Ministry of Commerce and Industry. It is compulsory to obtain IEC before you start importing or export of any kind of good or raw material. In case you are importing or exporting intangible products only specified services need IEC.
Import or export of goods and services for personal consumption and importing and exporting goods and services through government Ministries and departments and several published charitable Institutions are exempted from the IEC requirement.
No, if the goods or services come under the IEC requirement then it is a must to get registered.
You will receive benefits on import and export from DGFT, customs and export promotion councils, etc.
You have to download it from the download division of the DGFT website below the link appendices and Ayat Niryat form.
Yes, you can apply for IEC online through the DGFT website.
Yes, a PAN card is a necessary document that you need to submit while applying for IEC.
