Import Export Code
An import export code is a unique 10-digit code that is required for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require their IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.
How to Register for an IEC
To get your import export license online, you will need to do the following simple IEC registration steps.
- Step 1: All the required documents, including bank details and DSC, have to be submitted
- Step 2:The online IEC application form will be filed with the Directorate General of Foreign Trade (DGFT)
- Step 3: Once the documents and application are verified by the authorities, the import export code will be granted as a soft copy to the entity.
The documents required for an IEC registration are relatively easy to get together. Only a few documents are required, which are listed below.
- PAN card of the company (not applicable in case of the proprietor)
- Applicant’s PAN and Aadhaar card (driving license/Aadhaar/voter ID)
- Incorporation certificate/partnership deed
- Address proof (electricity bill/rent agreement/sale deed of the office location)
- Copy of cancelled cheque leaf/banker certificate of the current account in the name of the company.