Import & Export Code (IEC)

IEC| how to apply import-export code |Registration Services 2020

IEC code is required for selling and buying of products outside the home country. IEC is a 10 digit number that is granted by the Director-General of Foreign Trade (DGFT). India’s import and export policies are governed by Foreign Trade (Development and Regulation) of 1992 and Export and Import Policy (EXIM).

IEC code is required to import-export goods and services from India. This code is valid for life and it is the first step before doing import and export business. IEC is mandatory for importers to clear customs and shipment and to transfer money to foreign banks. Similarly, exporters require IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the import and export license.

Benefits of Import and Export license registration

Expansion of Business
This license is necessary for the expansion of your, business. IEC assists you in taking your services or products to the global market and grow your businesses. A person beholding import & export license can sell manufactured goods to the clients overseas

No mandatory annual return filing
IEC does not require the filing of any return. Once you have applied for the registration there is no need to file an annual return.

Easy Processing
It is a very simple procedure to get IEC code registration from the DGFT within a period of 10 to 15 days after submitting the application. A single individual can also apply for IEC (import & export code).

No need for renewal
IEC is a permanent license which means that it is valid for a lifetime. Once allotted there is no need for any kind of renewal.

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Documents required for IEC code registration

  • PAN card of the applicant
  • Address proof of business premises
  • Electricity bills
  • Details of Directors/partners
  • A digital signature of the applicant
  • Canceled cheque
  • Copy of bank account
  • Passport size photograph

Pricing

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$19/month

Basic Plan

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$29/month

Regular Plan

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$39/month

Premium Plan

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Frequently Asked Questions