What is an IEC Code?
The Import Export Code (IEC) is a crucial and unique identification number issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, Government of India. It is mandatory for businesses or individuals who wish to engage in international trade activities, whether importing goods into India or exporting products to global markets. This registration enables businesses to access a range of benefits and legal protections while conducting cross-border transactions.
The IEC code acts as a vital document that ensures smooth and seamless international trade operations. By obtaining this code, businesses are able to comply with the necessary legal and regulatory frameworks governing foreign trade. It is not just a requirement but also a key enabler for businesses looking to expand their operations beyond national borders.
Without an IEC code, businesses cannot clear goods through Indian customs or make payments to foreign suppliers, making it an essential component for anyone involved in global trade. Whether you’re a large corporation, a small or medium-sized enterprise (SME), or even an individual exporter or importer, having an IEC code is a legal requirement to ensure your business operates efficiently in the global marketplace.
In essence, the IEC code serves as a gateway for businesses to explore international markets, maintain regulatory compliance, and avail benefits and incentives offered by the Indian government to promote export and trade.
Who Needs IEC Registration?
If you’re planning to import goods into India or export products to other countries, then you’ll need an Import Export Code (IEC). Whether you’re a small business owner, a startup, or a freelancer looking to enter the global market, the IEC code is essential for smooth customs clearance and accessing international trade benefits. Don’t miss out on opportunities—if you’re involved in cross-border trade, IEC registration is a must!
Businesses Engaged in Import and Export
If your business deals with the import or export of goods or services, an IEC code is mandatory.
Freelancers and Individuals
Independent consultants, exporters, and importers also require an IEC code to engage in cross-border trade.
Startups and SMEs
Even small businesses and startups looking to expand into international markets must have an IEC code.
Advantages of IEC
At eTaxCart, our mission is to make tax and compliance stress-free — so you can focus on growing your career, your business, or your next big idea.
Legal Requirement for International Trade
An IEC code is mandatory for businesses engaged in import and export activities. Without it, you cannot clear goods through customs or make payments to international suppliers, ensuring compliance with government regulations.
Facilitates Smooth Customs Clearance
He IEC code is essential for clearing goods through customs. It ensures that your shipments are processed without delays, making the import-export process smoother and more efficient.
Access to Export Benefits
Businesses with an IEC code are eligible for various export incentives, subsidies, and benefits provided by the Indian government, such as duty drawbacks and export promotion schemes.
Enhances Business Credibility
Having an IEC code demonstrates professionalism and legal compliance, which boosts your reputation with suppliers, buyers, and financial institutions in international markets.
Required for International Payments
An IEC code is necessary for making payments to foreign suppliers or receiving payments from overseas clients. It ensures that international financial transactions are processed smoothly.
Opportunity for Global Market Expansion
With an IEC code, your business gains access to international markets, allowing you to expand your operations and increase your customer base globally.
Simplifies Import-Export Transactions
Having an IEC code streamlines the import-export process by enabling businesses to trade without administrative roadblocks, ensuring a hassle-free approach to cross-border transactions.
Supports E-commerce Businesses
E-commerce platforms and online sellers dealing in international trade are required to have an IEC code. It helps online businesses sell products abroad and ensures compliance with global tax and trade regulations.
No Expiry or Renewal Requirement
Once issued, the IEC code is valid for a lifetime, eliminating the need for regular renewals. This offers businesses a long-term solution for their international trade needs.
Access to Import/Export Financing
The IEC code is often required by financial institutions when businesses seek trade finance or loans for import-export activities. It helps secure financial support for international trade operations.
key features of the IEC (Importer Exporter Code):
Documents Required for Import Export Code
For Individuals
Passport, Voter ID, Aadhaar Card, or PAN Card.
Passport, Voter ID, Aadhaar Card, Driving License, or Utility Bill.
Canceled cheque or bank certificate confirming bank account details (account holder’s name, account number, and IFSC code).
A copy of the PAN card of the applicant.
A passport-sized digital photograph of the applicant or authorized person signed.
If someone other than the applicant is applying on behalf of the entity, a credential signed by the applicant authorizing the representative to apply for the IEC code.
Complete the IEC application form provided by the Directorate General of Foreign Trade (DGFT) or equivalent authority.
For LLP, Company, Partnership
Certificate of Incorporation, Partnership Deed, or Certificate of Registration issued by the relevant authorities.
Proof of address (Utility Bill, Rental Agreement, or Real Estate Tax Receipt).
Canceled cheque or bank certificate confirming bank account details (account holder’s name, account number, and IFSC code).
A copy of the PAN card of the entity.
A passport-sized digital photograph of the applicant or authorized person signed.
A copy of the Certificate of Incorporation issued by the Registrar of Companies (ROC).
A copy of the Articles of Association and Memorandum of Association of the company.
A copy of the partnership deed registered with the Registrar of Companies.
Complete the IEC application form provided by the Directorate General of Foreign Trade (DGFT) or equivalent authority.
Stages of IEC Code Registration
Business Consultation
Experts discuss your business needs for IEC registration.
Document Collection
Gather all required documents for the application.
IEC Application Filing
Complete and submit the IEC application to the authorities.
IEC Code Allotment
IEC code is allotted upon successful application submission.
Our Pricing Plans
Choose the plan that best fits for you. We have three major plans to offer.
Starter
- IEC registration filing
Elite
- IEC registration filing
- GST registration filing
- One Digital Signature certificate
Govt. Fees
The applicable govt fees for IEC registration will vary based on the type of entity applying and will be communicated to you during the registration process.
Why Choose eTaxcart for IEC Code Registration?
Simple and Quick Process
We streamline the IEC registration process, ensuring it's smooth and efficient so you can focus on growing your business.
Affordable Fees
Our services are cost-effective, providing excellent value for your investment in obtaining an IEC code.
Expert Guidance
Our experienced professionals guide you through every step of the registration process, ensuring a seamless experience.
Frequently Asked Questions
Here are the answers of the questions we received frequently.
Yes, both individuals and business entities (like proprietorships, partnerships, LLPs, private limited companies) can obtain an IEC. eTaxCart assists individuals and all types of businesses in securing their IEC.
IEC is not required for import/export of goods for personal use, not connected with trade, manufacture, or agriculture. For commercial activities, however small, eTaxCart can help you determine if an IEC is necessary and guide you accordingly.
No, an individual or entity can only have one IEC linked to their PAN. eTaxCart ensures your application is compliant with this rule, preventing any future complications.
Application rejection can occur due to incorrect information or documents. By using eTaxCart, you minimize the chances of rejection as our experts review your application thoroughly before submission.
Yes, if you wish to surrender your IEC, eTaxCart can guide you through the official procedure with the DGFT, ensuring proper closure of your import-export registration.
You will need to provide details of your business bank account along with a bank certificate or cancelled cheque. eTaxCart will guide you on the specific banking documentation required.
An IEC is linked to your PAN. If your multiple businesses operate under the same PAN, one IEC is sufficient. If they have different PANs, then separate IECs would be needed. eTaxCart can clarify this based on your business structure.
