Import Export Code (IEC), also known as Importer-Exporter Code, is a mandatory registration for anyone looking to engage in import or export business in India. It is a unique 10-digit alphanumeric code issued by the Director General of Foreign Trade (DGFT). Whether you’re an individual, a partnership firm, or a company, obtaining an IEC is essential for smooth international trade operations.
Learn to Apply Import Export Code in Hindi
Table of Contents
Why IEC is Necessary
-
Global Trade Opportunities:
- In today’s competitive market, businesses aim to expand beyond domestic boundaries. IEC facilitates international trade by allowing importers and exporters to conduct business legally.
- It opens doors to global markets, enabling you to explore new opportunities and diversify your business.
-
Lifetime Validity:
- Once obtained, the IEC has lifetime validity. You won’t need to renew it periodically.
- This ensures continuity in your import/export operations without any hassles.
-
Customs Clearance:
- Customs authorities require IEC for clearing shipments at ports and airports.
- Without a valid IEC, your goods may face delays or even rejection during customs clearance.
-
Bank Transactions:
- IEC is necessary each time an importer transfers money abroad or an exporter gets foreign currency.
- Banks use the IEC to track and verify cross-border transactions.
-
DGFT Benefits:
- Exporters cannot avail benefits provided by the Directorate General of Foreign Trade (DGFT) without a valid IEC.
- These benefits include export incentives, duty drawback, and other trade-related schemes.
Steps for IEC Registration
Follow these steps to apply:
-
Visit the DGFT Website:
- Log on to the DGFT website.
- Click on the ‘Services’ tab and select ‘IEC Profile Management’.
-
Register as an Importer/Exporter:
- Create your user profile by providing basic details.
- Validate the OTPs sent to your registered mobile number and email.
-
Apply for IEC:
- Log in to the DGFT website using your credentials.
- Click ‘Apply for IEC’ on the dashboard.
- Fill in the required information:
- General details
- Details of proprietors/partners/directors
- Bank information
- Attach a Digital Signature Certificate (DSC)
- Make the payment.
-
Download the Receipt:
- Download the receipt for future use upon successful payment.
- The IEC Certificate will be sent via email and can also be downloaded from the DGFT website.
Documents Required for IEC Registration
Ensure you have the following documents ready:
-
Copy of PAN Card:
- For individuals, firms, or companies.
-
Identity Proof:
- Voter ID, Aadhar card, or passport copy (for individuals).
-
Cancelled Cheque Copy:
- Current bank account details in the name of the IEC holder.
FAQs on Import Export Code in India
-
What are the Technical Requirements for Filing an IEC?
- Valid Digital Signatures Token
- Valid PAN (Personal Account Number)
- Valid Mobile Number and Email ID
- Valid Address Details of Branch Office
- A legitimate bank account in the IEC Holder’s name
-
How to Apply for a New IEC?
Follow these steps:
- Log on to the DGFT website.
- Register as an “Importer/Exporter.”
- Go to “My Dashboard” → “Importer Exporter Code (IEC)” → “Apply for IEC.”
-
Why Registration on the DGFT Website?:
Registration allows you to:
- Have your own user profile.
- Apply for or link IEC easily.
- Receive notifications via dashboard, email, and mobile.
-
What is the Registration Process on the DGFT Website?
- Visit the DGFT website.
- Click on “Login” > “Register.”
- Enter basic details and validate OTPs sent to your mobile and email.
- Change the temporary password after login.
-
What will be my Username and Next Steps After Registration?
- Your email serves as your username.
- Login using the credentials shared via email.
- Apply for a new IEC or link to an existing one (only one IEC can be linked/applied).
-
What time OTP Valid for?
- The one-time password (OTP) expires in 15 minutes. You can request to resend OTP if needed.
-
How to do Bank Details Validation?
- Bank details are validated through the Public Financial Management System (PFMS).
- Successful validation results in immediate IEC issuance.
- Failure requires further verification by the Regional Authority (RA).
-
How to check Payment Process Status?
- After successful payment, you’ll receive an acknowledgment with the file number.
- Track the application status and print the receipt.
-
How to Print the IEC Certificate?
- Navigate to the DGFT website.
- Enter your username and password.
- Go to “Services” → “IEC” → “Manage IEC.”
- Verify your details and click “Print IEC” to view and print the PDF.
-
How much time it take to Issue a New IEC Certificate?
- The average time to receive the IEC is immediate after successful application submission.
Remember, obtaining an IEC is essential for smooth international trade operations. If you’re planning to venture into import/export, apply for your IEC promptly! For more detailed information, you can refer to the official DGFT website. Feel free to reach out if you need further assistance!
Read More:
How to Renew Digital Signature Certificate?
How To Link Aadhar Card With PAN Card Online
How To Sign a PDF Document With Digital Signature Certificate?