Start Business

Start Business

Get a Consultation by Expert


Import / Export Code (IEC) Registration

Introduction

Import Export Code (IEC) is a 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India. It is mandatory for any individual or business involved in the import or export of goods or services from India.

Without an IEC, no person or entity can legally participate in international trade. Banks also require IEC details to process foreign currency transactions related to exports and imports.

Advantages of IEC Registration

  • Global Market Access – Enables seamless participation in international trade
  • Lifetime Validity – No renewal required once issued
  • No Annual Compliance – No periodic filings after registration
  • No Return Filing Requirement – Simplified compliance
  • Reduces Risk of Illegal Trade – Ensures legitimate import/export activities
  • Single IEC for All Branches – One code applicable across all units

Who Requires an IEC Code?

IEC registration is mandatory for:
  • Businesses clearing import or export shipments
  • Importers bringing goods into India
  • Exporters receiving foreign currency payments
  • Service providers offering services internationally
  • Proprietors, LLPs, Companies, Trusts, and Partnership Firms
Note: Proprietors can obtain IEC in their individual name.

Validity of Import Export Code

IEC is issued with lifetime validity and does not require renewal.
The same IEC can be used across all branches, offices, and factories of the entity.

It is advisable for businesses to obtain IEC in advance, even if immediate imports or exports are not planned.

Purpose of IEC Registration

  • Mandatory quoting of IEC during customs clearance
  • Required by banks for foreign remittance receipt
  • Enables smooth import/export transactions
  • Legal authorization to engage in international trade
Without IEC registration, businesses cannot operate in global markets.

Application for IEC

The IEC application is filed online with the DGFT along with prescribed documents.
Once submitted successfully, IEC is usually issued within 1–2 working days.

Documents Required for IEC Registration

  • PAN Card of the Entity
  • Business Address Proof
  • Photograph & KYC of Director / Partner / Proprietor
  • Valid Indian Mobile Number
  • Email ID of Authorized Person
  • Constitutional Documents (MOA, Partnership Deed, etc.)
  • Board Resolution / Authorization Letter
  • Cancelled Cheque / Bank Statement / Passbook

IEC Registration Process

IEC registration is a completely online process through the DGFT portal and involves:
  • PAN verification
  • OTP authentication (Mobile & Email)
  • Entity and business details submission
  • Bank account verification
  • Upload of supporting documents
  • Payment of government fee
  • Final submission with or without Digital Signature

Due to technical validations, incorrect details may lead to application rejection. Professional assistance is highly recommended.

Government Fee for IEC Registration

₹500 payable online via Electronic Fund Transfer (EFT) at the time of application submission.

Post IEC Registration

After successful approval:
  • IEC allotment letter is generated
  • Business becomes eligible for import and export activities
  • Banks and customs authorities recognize the entity for foreign trade

Why Choose CA Kapoor for IEC Registration?

  • End-to-end assistance
  • Error-free application filing
  • Quick processing
  • Expert compliance guidance
  • Hassle-free documentation

Frequently Asked Questions (FAQs)

1. Is IEC mandatory for all exporters and importers?

Yes, IEC is mandatory for any person or entity involved in import or export of goods or services.

Yes, service exporters receiving foreign currency must obtain IEC.

IEC has lifetime validity and does not require renewal.

No, one entity is allowed only one IEC.

IEC is not required for personal imports not connected to trade.

IEC can be obtained by individuals planning to start import/export activities.

Usually 1–2 working days, subject to document verification.

No, IEC can be obtained with or without Digital Signature.

Yes, IEC details can be updated online on the DGFT portal.

Absolutely. CA Kapoor provides complete IEC registration and advisory services.

“Empowering Businesses with Financial Clarity Since 2011”

Have Questions?
We will be happy to reach out and assist you.

Request a Callback Call Us +91 99153 98954