What is a Import Export Code?

An Import Export Code (IEC) is a 10-digit code issued by the Director General of Foreign Trade (DGFT) to an Indian entity that is engaged in import or export of goods and services. It is mandatory for an Indian entity to obtain an IEC to be able to import/export goods or services.

Import Export Code (IE Code) is a 10-digit code issued by the Director General of Foreign Trade (DGFT). This code is required by the Indian companies who are involved in the import and export of goods and services. The main benefits of having an IE Code are:

It helps in the smooth and hassle-free clearance of goods at ports and airports.

It is required for availing export incentives such as MEIS and SEIS.

It is a mandatory document for claiming various export benefits such as Duty Drawback, and Duty Exemption/Remission Schemes as well as for claiming rebate of State Levies.

It allows Indian companies to open a bank account in the name of the business.

It is necessary for the registration of the company with Customs and Excise Department.

 What are the documents required for import export code registration?

 In order to obtain an import/export code, you will need to provide various documents. These may include but are not limited to: a copy of the business registration certificate, a copy of the applicant’s identity card, a copy of the company’s tax registration certificate, a copy of the company’s bank account certificate, a copy of the company’s business license, and any other documents required by the customs office.

What is step-by-step process of import export code registration?

Process 1-2

Obtain Importer and Exporter Code Number (IEC) from the Regional Authority: The first step for registering for an IEC is to visit the regional office of the Directorate General of Foreign Trade (DGFT). The regional DGFT office can be found by searching online for “DGFT regional office” along with the name of your state.

Submit IEC Application: After visiting the regional DGFT office, the application for IEC registration must be filled out and submitted. The application should include the applicant’s business information, such as the name of the company, the type of business, the address, and the nature of the activities to be conducted.

Process 3

Upload Supporting Documentation: After submitting the application, the applicant must upload the necessary sup… supporting documents, such as the identity and address proof of the proprietor or directors, the partnership deed in case of a partnership firm, the Memorandum and Articles of Association in case of a company, etc.

Process 4-5

Submission of Digital Signature Certificate (DSC): A digital signature certificate (DSC) is also required for the IEC application. The DSC is issued by the Controller of Certifying Authorities (CCA) and is used for digitally signing electronic documents.

Payment of Application Fees: After the application and all the required documents have been submitted, the applicant must make the payment of the application fee. 

 The key highlights of import export code registration (IEC) are as follows:

  • IEC is a 10 digit code required for carrying out any import-export business in India.
  • IEC is issued by the Directorate General of Foreign Trade (DGFT).
  • The application for IEC must be filed online on the DGFT website
  • To apply for an IEC, you must provide certain documents such as PAN, Aadhaar Card, and other identity documents.
  • IEC is valid for lifetime.
  • IEC is non-transferable.
  • IEC holders are not required to pay any registration fee.
  • IEC holders are exempt from paying service tax.
  • IEC holders are eligible for various export incentives.
  • IEC holders can apply for credit facilities from banks.

What is the step-by-step process of import export code registration?

Step First

  • The first step is to obtain a Digital Signature Certificate (DSC) from an authorized certifying authority.

Step Second

  • The second step would be to register for an Importer-Exporter Code (IEC) with the Regional Licensing Authority of the Directorate General of Foreign Trade (DGFT).

Step Third

  • The third step is to fill in the application form, attach the required documents and submit it to the Regional Licensing Authority.

Step Forth

  • The fourth step is to make the necessary payment for the IEC code.
  • The fifth and final step is to receive the IEC code from the Regional Licensing Authority.

Highlights of Import Export Code Registration

How to get import export code registration?

To obtain an Import Export Code (IEC) registration, you must submit an application to the Directorate General of Foreign Trade (DGFT). The application should include documents such as the PAN Card, Aadhar Card, passport, or any other documents deemed necessary by the DGFT. Additionally, you may need to submit documents related to the specific activity or product that you are seeking an IEC for. Once you have submitted all the necessary documents, the DGFT will issue you an IEC, which is valid for a period of one year.

What is the time required for import export code registration?

The time taken for the registration of an Import Export Code (IEC) is usually within 15 working days from the date of application. This time may vary depending on the processing time of the Regional Authority office.