πŸ“¦ IEC Registration: Your First Step towards Import-Export Business in India

If you’re planning to enter the world of international trade from India, the Import Export Code (IEC) is your official license to operate across borders. Whether you’re a manufacturer, trader, e-commerce seller, or service provider, IEC registration is mandatory for starting import/export activities.

Who is Required to Take the Import Export Code (IEC)?

Anyone in India who wants to engage in commercial import or export of goods and services is required to obtain an Import Export Code (IEC). It’s a 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT), and it’s mandatory unless you’re specifically exempted.

Here’s a quick breakdown of who needs it:

  • Businesses or individuals importing or exporting goods for commercial purposes.
  • Service providers who want to claim benefits under the Foreign Trade Policy.
  • All entity types involved in cross-border trade:

🏒 Proprietorships | πŸ‘₯ Partnerships | 🧾 LLPs | πŸ›οΈ Companies | πŸ™ Trusts

🎁 Benefits of Import Export Code

BenefitDescription
🌐 Expansion of BusinessEnables businesses to reach global markets and customers
πŸ“ˆ Online Global OpportunitiesSellers can register on global platforms like Amazon, Alibaba, etc.
πŸ’° Avail Export IncentivesHelps claim benefits under various schemes like RoDTEP, RoSCTL, SEIS,MEIs etc.
🏦 Easy Bank TransactionsRequired for remittances and forex transactions through banks
πŸ”’ No Renewal RequiredIEC is permanent, no renewal required once issued (However, as per DGFT guidelines, it is mandatory to update or confirm the IEC details online every year between April 1st and June 30th, even if there are no changes. Failure to do so may result in automatic deactivation of the IEC)
πŸ”„ Enables Custom ClearanceMandatory for filing shipping bills and customs documentation
πŸ“œ Government RecognitionBuilds trust with international customers and suppliers

🧾 Step-by-Step IEC Application Process :-

1. Visit the DGFT Website 

   Go to https://www.dgft.gov.in/CP/ and click on the Services tab.

2. Register Your Profile 

Select IEC Profile Management β†’ Apply for IEC β†’ Register. Enter your User Type, mobile number, and email to receive an OTP.

3. Login to the Portal 

After registration, log in using your credentials and change your temporary password if prompted.

4. Start a New Application 

   Click Apply for IEC β†’ Start Fresh Application.

5. Fill in Entity Details 

Provide general information like business name, address, date of incorporation and nature of the entity (proprietorship, partnership, etc.).

Attach necessary Address Proof.

6. Add Director/Partner Details 

   Enter personal details of key persons like directors, partners, or proprietors.

7. Provide Bank Details 

Include your bank account number and IFSC code. A cancelled cheque or bank certificate is required to be attached.

8. Enter the details in the β€œOther Details (Preferred Sectors of Operations)” Section

9. Check the Application Summary and click on Sign button to sign the application using  digital token or Aadhaar.

10. Pay the Application Fee 

Use net banking, debit/credit card, or UPI to pay the government fee (currently β‚Ή500).

11. Submit and Download Certificate 

After successful submission, you’ll receive the IEC certificate via email. You can also download it from the portal under Print IEC.

Disclaimer: The materials provided herein are solely for information purposes. No attorney-client relationship is created when you access or use the site or the materials. The information presented on this site does not constitute legal or professional advice. It should not be relied upon for such purposes or used as a substitute for professional advice.

πŸ’¬ Need Help?

If you’re unsure how to proceed or need professional assistance, our team at J B Financial Advisors LLP can handle the entire process for you. We’ll ensure timely obtaining of IEC, letting you focus on your core business.