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Import Export Code

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. 

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Features of Import Export Code

All importers who import goods are required to register Import export code and all exporters need this code to obtain the benefits of exports.

IEC code holder does not require filing of any returns.

IEC Code is issued for lifetime and requires no renewal

Even individuals who are proprietors can obtain the code in their name.It is not necessary to setup a business for the same.

IEC Documents In Respect Of Individual / Proprietor / Partner / Director
  • ·         Copy of PAN Card of Propreitor /Firm/Company

  • ·         Passport size photograph of Propreitor /Partner/ Director

  • ·         Copy of Aadhaar Card/ Voter identity card

  • ·         Authorization letter for Authorized signatory

  • ·         Copy of Partnership deed or Incorporation certificate

  • ·         Board Resolution/self declaration (In case of Company)

  • ·         Telephone Bill in the name of the Property owner

  • ·         Cancelled cheque of the Applicant

  • ·         Copy of Property papers (If owned property)

  • ·         Copy of Rent agreement (If rented property)

  • ·         Landlord NOC

  • ·         Certificate of incorporation (In case of company)

  • .          Bank statement of firm/company