IEC is known as many names such as importer exporter code, import export code, import export license, import export number, IE code, IEC license, IE license etc. In simple terms, IEC is a 10 digit code which is provided by DGFT required for import export transactions. You can take IE code in your personal name or company name.
An IEC number issued to applicant shall be valid for all its divisions/ units/ factories/ branches. IEC is valid for lifetime and there is no need to renew the same.
IEC registration is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods require registering Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad.
Do Export Import Business
The first requirement before you start an import/ export business in India is to obtain an IEC. An IEC is necessary for import/export of goods. In case the import/export is of services or technology, IEC is required in only limited circumstances, when import/export is in 'specified services' or 'specified technologies', i.e. services or technologies in which international trade is restricted by the Government of India as they pertain to national security, such as dealing in nuclear weapons, automatic guns, etc. |
Avail Export Incentice
The Companies could avail several benefits of their imports/ exports from the DGFT, Export Promotion Council, SEIS Scheme, Customs, etc., on the basis of their IEC registration. |
e-IEC PAN based registration only
Rs. 2799
Any changes in particular mentioned on Certificate other than PAN
Rs. 3999
Migration into e-IEC PAN based. with/without amendment in details
Rs. 5999
cancellation of IEC
Rs. 7999
Create an Online IEC application | => Visit dgft web site at http://dgft.gov.in => Click on “IEC Online Application” option. => You will be prompted to enter a valid PAN => SUBMIT for next step |
Add IEC Master details (Application Form) | NOW, NEXT STEP TO CREATE APPLICATION => Select “Create” option from the “File” menu. System will generate and display new “ECOM Reference No.” . => On clicking the “OK” button the user is forwarded to the “IEC Master” Screen for feeding Details. Feed the details there Spet by step with ADD Button Options. => Add branch details / Directors Details and Choose Regional Authority of DGFT of your business location. |
Payment of Fee (online) | Once Application filed up next step to Pay the fee online |
Upload Documents | After Payment next step upload documents one by one. |
Submit to Regional Authority | Once the application is complete in all respect, then Select Regional Authority (DGFT) and Submit the application. |