What is IE CODE number used in Export Import business?

 

Import Export Code (IEC) is required to those persons who want to do export or import activity in there business. a person cannot do export or import activity without taking IEC code from the government Department. For IEC we need to apply to the Director General of Foreign Trade (DGFT) Department.

Required Time in taking IEC Code

It will take approximately 7 working days in taking the Import Export Code (IEC) from the Director General of Foreign Trade (DGFT) Website.

Documents required for Import Export Code

Aadhar Card or Voter ID or Passport or Driving Licence

Pan Card

Address Proof

Cancelled Cheque with a printed name or banker certificate

Other Document as depend on whether u are sole proprietorship, partnership, company or other entity.

 

   Frequently Asked Questions

 

What is IE CODE number used in Export Import business?

IEC Stands for IMPORTER EXPORTER CODE  which contains 10 digit number issued by Director General of Foreign Trade,  Department of Commerce, Government of India.

Who  requires an Importer  Exporter  Code ?

Any bona fide person/ company starting a venture for International trade of Export and Import.  If any foreign transfer on account of business, IEC number is mandatory.

Can Export /Import be made without Importer Exporter Code ?

No. IEC forms a primary document for recognition by Govt. of India as Exporter / Importer.  However, if value of goods is very law, the concerned customs officer may  permit first export (only one time)   by imposing penal charges.

What are the benefits of Importer exporter code ?

Import Export Code number is the primary proof of a firm as an Exporter/Importer in India.   IEC number can be submitted with government authorities as a proof of exporter/importer to obtain various benefits on their exports / imports from DGFT, customs, Export Promotion Council etc.

Where to obtain an IEC ?

IEC number is issued by Directory General of Foreign Trade at each regional offices where the exporter/importer situates.

 What is the Validity of IEC ?

 An IEC number allotted to an applicant shall be valid for all its branches / divisions / units / factories. IEC is valid for ever and no need to renew the same.

How to apply for an Importer Exporter Code?

The necessary application for Import Export Code number can be downloaded from DGFT website and follow  procedures.

 Can I   apply Import Export Code application by  online?

Yes, the application can be filed  for issue of new Importer Exporter code

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