Importer Exporter Code

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Importer-Exporter Code

An Import-Export code is a 10 digit mandatory license, for companies and businesses that deals with import-export activities in the Indian Territory. The Director-General of Foreign Trade (DGFT), under the Department of Commerce, Government of India issues this license.

Overview
Benefits
Documents required
Process

An Importer Exporter Code is a unique 10-digit code, which is requisite for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.

The IEC registration helps traders open the doors to venture into the global market, including registration in online e-commerce operators.
Businesses can avail government schemes like Merchandise Export from India Scheme (MEIS), Service Export from India Scheme (SEIS) and others from Customs and Export Promotion
No compliance requirements pos registration and hence maintaining the business is relatively simple
The process of obtaining IEC is not tedious and can be obtained with minimal, basic documents.

PAN card of the individual or company
Copy of the entity’s government ID (Driving license/Aadhar/Voter ID)
Incorporation certificate/Partnership deed
Personal or company’s current bank account statement
Address proof (Electricity bill/rent agreement/sale deed of the office location
Copy of cancelled cheque leaf of the current account

Day 1

Provide Required Documents

Day 2 - 3

Drafting and preparation of Application

Day 4 onwards