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Import-Export Code (IEC) Registration
The Import-Export Code (IEC) is a 10-digit unique registration code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. It is a mandatory requirement for businesses engaging in import or export activities in India. The IEC acts as a primary document for cross-border transactions and is required to clear shipments, make foreign currency transactions, and avail export-import benefits under trade policies. Professional assistance ensures a seamless and error-free IEC registration process.
Importance
1. Legal Requirement : Mandatory for conducting import/export activities in India.
2. Foreign Transactions : Enables businesses to receive or send payments in foreign currency.
3. Customs Clearance : Required to clear goods at Indian customs.
4. Trade Incentives : Helps claim export incentives and duty benefits.
5. Global Market Access : Facilitates international trade operations.
Documents Required
For Indian Nationals
For Foreign Nationals
Features
Features & Benefits of Import-Export Code (IEC) Registration
Government-Authorized Document
Digital Application Process
Lifetime Validity
Customs and Bank Requirement
Import-Export Code (IEC) Registration
Trade Policy Benefits
Global Trade Access
Business Expansion
Simplified Compliance
Easily Modifiable
Comparison with Other Business Registrations
| Feature | IEC Registration | GST Registration |
|---|---|---|
| Purpose | For international trade | For domestic trade and tax compliance |
| Scope | Import/export-specific | GST filing and tax payments |
| Validity | Lifetime | Periodic renewal (if required) |
Frequently Asked Questions
What is IEC Registration?
IEC is a unique code issued by DGFT for businesses engaging in import/export activities.
Is IEC mandatory for all businesses?
Yes, it is mandatory for businesses involved in importing/exporting goods or services.
How long does it take to obtain IEC?
IEC is usually issued within 1-3 working days after successful application submission.
What is the fee for IEC registration?
The government fee for IEC registration is ₹500 (subject to change).
Can an individual apply for IEC?
Yes, individuals involved in import/export activities can apply for IEC.
Is IEC valid for a lifetime?
Yes, IEC has lifetime validity and does not require renewal.
Can IEC be modified after issuance?
Yes, modifications such as name or address updates can be made online.
Is IEC required for service exports?
Yes, IEC is required for services where foreign currency transactions are involved.
Can a single IEC be used for multiple branches?
Yes, a single IEC can cover multiple branches of the same entity.
What happens if IEC is not linked with GSTIN?
Linking IEC with GSTIN is essential for compliance and claiming tax benefits.