If you are planning to start an import-export business in India, you must have an Import Export Code (IEC). It is a key business identification number issued by the Directorate General of Foreign Trade (DGFT), required for international trade transactions. Without an IEC, businesses cannot engage in global commerce, making it an essential registration for exporters and importers.
In this guide, we will explain everything about IEC Code, including its importance, application process, required documents, fees, and how Business Babu can help you register your IEC online hassle-free.
What is an Import Export Code (IEC)?
The Import Export Code (IEC) is a 10-digit unique identification number issued by the DGFT, Ministry of Commerce and Industry, Government of India. It is mandatory for businesses engaged in importing or exporting goods and services.
Key Features of IEC Code:
- Unique identification for importers and exporters.
- No renewal required – it is valid for a lifetime.
- Mandatory for global trade except in cases of exemption.
- One-time registration, applicable for all international transactions.
Why is IEC Code Important?
- Legal Compliance – It is a mandatory requirement for international trade.
- Global Business Opportunities – IEC enables businesses to expand in international markets.
- Availing Government Benefits – Helps in claiming export subsidies, duty drawbacks, and other incentives.
- Ease of Foreign Transactions – Required for opening a foreign bank account and smooth transactions.
- Custom Clearance – Essential for clearance of shipments at ports and customs.
Who Needs an IEC Code?
IEC registration is required by:
- Businesses Importing or Exporting Goods & Services
- Proprietorships, Partnerships, LLPs, Private Limited & Public Companies
- Manufacturers & Traders exporting products internationally
- Freelancers & Individuals providing services overseas
Who is Exempt from IEC Code?
- Individuals & Businesses dealing in Personal Imports/Exports (not for commercial purposes)
- Ministries/Departments of Government of India
- Exporters registered under SEZ (Special Economic Zone) units
- Businesses conducting trade within India only
Documents Required for IEC Registration
To apply for an IEC Code, you need the following documents:
- PAN Card of the Business Entity or Individual
- Aadhaar Card/Voter ID/Passport (for identity verification)
- Business Registration Certificate (GST, MSME, or Incorporation Certificate)
- Address Proof – Utility Bill/Rent Agreement/Property Tax Receipt
- Bank Account Details (Cancelled Cheque or Bank Certificate)
- Digital Signature Certificate (DSC) – if applicable
How to Apply for IEC Registration Online?
You can apply for IEC registration online through the DGFT website or opt for a hassle-free registration service like Business Babu.
IEC Online Registration Process:
- Visit DGFT Portal – Go to DGFT website
- Login or Register – Create a new account if not registered.
- Fill IEC Application Form (ANF-2A)
- Upload Documents – PAN, Aadhaar, Address Proof, Bank Details, etc.
- Pay the IEC Registration Fee – ₹500 (Government Fee)
- Submit the Application – Receive IEC Certificate via Email in 2-3 working days.
How to Check IEC Code Status?
You can check the status of your IEC application or verify your IEC Code by:
- Visiting the DGFT website
- Navigating to IEC Services section
- Entering your PAN number and OTP to track your application
