IEC code-how to apply & supporting documents for registration.

As per the FTP of India, export and import of goods are not allowed without an Importer Exporter code number. IEC code is issued by DGFT a competent authority, that acts under the administrative control of Ministry of Commerce and industry, GOI. The DGFT is authorized to grant IEC code license to the exporter or importer by giving an IEC code number.

An Import Export (IEC) Code is a 10-digit number given to a person or company, who do import or export goods and services from India.

Benefits of IEC Code:

An Importer-Exporter Code (IEC) offers several advantages for companies engaged in international trade:

1. Global Market Access:
   • An IEC allows you to participate in global trade by enabling you to import or export goods and services.
   • It’s essential for businesses looking to expand their reach beyond domestic markets.
2. Legal Requirement:
   • The IEC is mandatory for any import or export activity unless specifically exempted.
   • Without an IEC, you cannot clear customs or engage in cross-border transactions.
3. Bank Transactions:
   • Banks require an IEC for processing foreign exchange transactions related to imports or exports.
   • It’s necessary for opening an Exporter’s Current Account.
4. Availing Export Incentives:
   • To claim benefits under various export promotion schemes (such as Duty Drawback, Merchandise Exports from India Scheme, etc.), an IEC is necessary.
   • These incentives can enhance your competitiveness in the global market.
5. Building Credibility:
   • An IEC establishes your legitimacy as an importer or exporter.
   • It enhances your credibility with suppliers, customers, and regulatory authorities.
6. Participating in Bidding/Tenders:
   • Many government and private tenders require an IEC for participation.
   • Having one ensures you can bid for international projects.

IEC is a code allotted on Individual PAN Number or company PAN number for importing/exporting any product goods/services .

How to apply for IEC on dgft website online:

To apply for IEC, one must visit the dgft website

1. Register on DGFT Website:
   • Visit the DGFT website.
   • Click on the ‘Services’ tab on the homepage.
   • Select the ‘IEC Profile Management’ option from the drop-down list.
2. Apply for IEC:
   • On the new page, click on the ‘Apply for IEC’ option.
   • Register by providing the required details and click on the ‘Send OTP’ button.

Download the prescribed application in ANF 2A Aayat Niryat form.

The application must be correctly filled and duly signed by the applicant authorized for this purpose under the partnership deed or pvt ltd company.

Supporting documents to be submitted along with the ANF 2A application for IEC code.

To getting an IEC Code, submit valid documents and follow relevant procedure so that the Government of India can ensure your identification as any person or as a business company.

MANDATORY Requisites for IEC code application:

The firm or Proprietor applying for IEC code should have a valid registered address in India and a landline number. One must have a landline number in the name of the applicant firm as no IEC is issued without having a landline number to this effect. Any proprietor can have only one IEC number in case of more than one IEC is allotted, the same may be surrender to the regional office for cancellation.

What is the validity period of an IEC?

The validity period of an Importer-Exporter Code (IEC) is permanent. Once you obtain an IEC, it remains valid unless canceled or suspended by the Directorate General of Foreign Trade (DGFT). Unlike other licenses, the IEC does not require periodic renewal.