Import Export Code

Import Export Code2018-06-01T08:32:32+00:00

Highlights

About Import Export Code

Import Export Code, which is commonly abbreviated as IEC is the first registration required for the business entities who are dealing in Importing or exporting of goods and services from India. IEC is issued by the Directorate General of Foreign Trade (DGFT). It is a passport for import and export business.

Frequently Asked Questions

IEC stands for Import-Export Code. It is a 10 Digit unique code issued by the directorate general of foreign trade (DGFT) of commerce and industries ministry of the government of India.
Any person or the business type who intends to import or export goods and services from or to India must require an Import Exports Code.
IE Code is one-time license and valid for the lifetime of the business.
Yes, DSC is mandatory to apply import exports code online.
No, you will receive the final soft copy of IEC certificate over the email.
IEC is just a license allowing the import and export of goods. Therefore, no return is required to be filed under IEC code.
Any Business type can apply for Import-Export Code Registration who are into the export-import business irrespective of any business entity.
There is no penalty for not having an IE code but importing and exporting are not possible without an IE code.
Yes, you can fill AD Category Bank details in IEC. There is space to fill only one Bank account details in IEC application and the same will be shown in your IEC Registration Certificate. It is always advisable to put that banker details with whom you deal regularly and have good relations. AD (Authorised Dealer) Category Bank means the bank who deal with the conversion of currency notes, coins or travelers' cheques designated in foreign currency into Indian Rupees and vice versa. Their objective is to provide easier foreign exchange facilities for travelers and tourists, including NRIs.