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Overview

Import Export Code (IEC) Registration in India

The Import Export Code (IEC) is a unique 10-digit identification number required for any business or individual involved in the import or export of goods and services from India. Issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, IEC is essential for customs clearance, bank transactions, and government schemes and incentives for exporters. The IEC registration is a one-time, online process and is valid for the lifetime of the business.

Why Registration is Important

  1. Customs Clearance:IEC is mandatory for clearing goods at customs for both imports and exports.
  2. Foreign Exchange Transactions:Required for foreign currency transactions for international trade through banks.
  3. Government Incentives: Eligibility for export incentives and schemes from the government, such as duty drawbacks.
  4. Market Expansion:Enables businesses to participate in the global market by establishing legitimacy in international trade.
  5. No Renewal Requirement:IEC has lifetime validity, making it a convenient, one-time registration.

Documents Required

For Proprietorship

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Import-Export Code (IEC)

For Partnership Firm/LLP

For Private Limited Company/Public Limited Company

#

Features

Features & Benefits Import Export Code (IEC) Registration in India

Unique 10-Digit Code
A unique code identifying businesses for international trade transactions.
Prev Next
Lifetime Validity
IEC is valid for the lifetime of the business, requiring no renewal.
Prev Next
Single IEC for Multiple Locations
IEC is valid across all business branches.
Prev Next
Eligibility for Government Benefits
Access to government schemes, export incentives, and subsidies.
Prev Next
No Compliance Filings
No post-registration compliance is required, unlike other licenses.
Prev Next

Import Export Code (IEC) Registration

Digital Registration Process
Entirely online through the DGFT portal.
Prev Next
Consultation for Export Procedures
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Prev Next

Comparison of IEC Registration vs. No IEC Registration

Customs Clearance Permitted Not permitted
Foreign Transactions Allowed Not allowed
Export Benefits Eligible Not eligible
Validity Lifetime Not applicable
Government Incentives Available Not available
Use Across Locations Yes Not applicable

Frequently Asked Questions

Is IEC mandatory for all importers and exporters?

Yes, IEC is mandatory for all businesses involved in international trade, with some exceptions (e.g., government entities).

What is the validity period of an IEC?

IEC is valid for the lifetime of the business, with no need for renewal.

Can individuals apply for IEC registration?

Yes, individuals engaged in import/export can apply for IEC, provided they have a PAN.

Is there any renewal required for IEC?

No, IEC does not require renewal and is a one-time registration.

What is the IEC registration fee?

The IEC registration fee is ₹500, payable online through the DGFT portal.

Overview

Import Export Code (IEC) Registration in India

The Import Export Code (IEC) is a unique 10-digit identification number required for any business or individual involved in the import or export of goods and services from India. Issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, IEC is essential for customs clearance, bank transactions, and government schemes and incentives for exporters. The IEC registration is a one-time, online process and is valid for the lifetime of the business.

Why Registration is Important

  1. Customs Clearance:IEC is mandatory for clearing goods at customs for both imports and exports.
  2. Foreign Exchange Transactions:Required for foreign currency transactions for international trade through banks.
  3. Government Incentives: Eligibility for export incentives and schemes from the government, such as duty drawbacks.
  4. Market Expansion:Enables businesses to participate in the global market by establishing legitimacy in international trade.
  5. No Renewal Requirement:IEC has lifetime validity, making it a convenient, one-time registration.

Documents Required

For Proprietorship

#

For Partnership Firm/LLP

#
#

For Private Limited Company/Public Limited Company

#

Features

Features & Why Fire License Registration

Unique 10-Digit Code

A unique code identifying businesses for international trade transactions.

Lifetime Validity

IEC is valid for the lifetime of the business, requiring no renewal.

Single IEC for Multiple Locations

IEC is valid across all business branches.

Eligibility for Government Benefits

Access to government schemes, export incentives, and subsidies.

No Compliance Filings

No post-registration compliance is required, unlike other licenses.

Digital Registration Process

Entirely online through the DGFT portal.

Comparison of APEDA Registration vs. Non-Registration

Customs Clearance Permitted Not permitted
Foreign Transactions Allowed Not allowed
Export Benefits Eligible Not eligible
Validity Lifetime Not applicable
Government Incentives Available Not available
Use Across Locations Yes Not applicable

Frequently Asked Questions

Is IEC mandatory for all importers and exporters?

Yes, IEC is mandatory for all businesses involved in international trade, with some exceptions (e.g., government entities).

What is the validity period of an IEC?

IEC is valid for the lifetime of the business, with no need for renewal.

Can individuals apply for IEC registration?

Yes, individuals engaged in import/export can apply for IEC, provided they have a PAN.

Is there any renewal required for IEC?

No, IEC does not require renewal and is a one-time registration.

What is the IEC registration fee?

The IEC registration fee is ₹500, payable online through the DGFT portal.

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