Import Export Code (IEC Code)
Import Export Code (IEC Code) is unique business identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. It is a mandatory license for any individual or business entity planning to engage in the import or export of goods and services in India.
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Overview
In today’s globalized world, businesses are not limited by geographical boundaries. Whether you are an entrepreneur, manufacturer, trader, or service provider, international trade opens doors to endless opportunities for growth. However, before you can start importing or exporting goods and services from India, one mandatory requirement is obtaining the Import Export Code (IEC Code).
The IEC is a unique 10-digit identification number issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It is essential for every business entity engaged in international trade, including individuals, partnerships, companies, and LLPs. Without this code, businesses cannot legally carry out import or export operations.
What is an Import Export Code (IEC Code)?
The Import Export Code (IEC), also known as the IEC Code, is a 10-digit unique business identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. It is a mandatory license for any individual or business entity planning to engage in the import or export of goods and services in India.
Without an IEC, companies and individuals cannot conduct cross-border trade legally. This code helps the government track international trade activities and ensures that businesses follow the proper compliance framework. Unlike other registrations, IEC is a lifetime license with no requirement for renewal, making it a one-time registration that supports smooth global business operations.
When is IEC Required?
An Import Export Code (IEC) is mandatory for any business or individual involved in international trade. If you are planning to import goods into India or export products outside the country, obtaining an IEC is a legal requirement. Without it, you cannot clear shipments through customs or receive foreign currency payments.
IEC is required in the following cases:
- Importing Goods or Services – Businesses that import raw materials, finished products, or services from foreign suppliers need an IEC for customs clearance.
- Exporting Goods or Services – Exporters must have an IEC to send goods or services abroad and receive payments in foreign currency.
- Availing Export Incentives – Many government schemes like MEIS, SEIS, and RoDTEP require an IEC to claim benefits.
- Banking Transactions for Imports/Exports – Banks ask for an IEC when processing foreign currency transactions related to imports or exports.
- E-commerce Exports – Businesses selling through international platforms like Amazon, eBay, or Alibaba also require an IEC.
Benefits of IEC Registration
Obtaining an Import Export Code (IEC) registration provides multiple advantages for businesses engaged in international trade. Below are the key benefits:
Documents Required for Import Export Code
To apply for IEC, the following documents are required:
Process of IEC Registration
The process to obtain an IEC is as follows:
Why Kickstart Business Advisors?
At Kickstart Business Advisors, we provide comprehensive support to streamline your IEC registration process:
- Expert Team: Our team of experienced professionals ensures a smooth and efficient registration process, addressing all your queries and concerns.
- Confidentiality: We maintain the highest level of confidentiality for all client information.
- Customer Support: Our dedicated support team is available around the clock to assist with your needs and ensure complete satisfaction.
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