What are IEC Code and its Registration?

IEC stands for the Import Export Code, is a unique 10 digit number issued by Director General of Foreign Trade (DGFT), part of the Ministry of Commerce and Industry, to any person or company for carrying on Import and Export business in India.

IEC Registration is mandatory to carry on export/import business in India. And is registered with the Director General of Foreign India (DGFT), Ministry of Commerce and Industries.

Procedure for IEC Registration

 

Documents required while registration

FAQs on IEC Registration

1. are the benefits of IEC registration?

a. Renewal of IEC is not required, once it is issued, it is issued for lifetime.

b. There are no periodical filings/returns in case of IEC, so the compliances are quite less.

c. There is no annual payment of any fees.

d. Less documentation is required in IEC registration.

2. Is there in IEC Modification?

Yes, IEC is modified by filing suitable form to Regional Authority.

3. Is there an issuance of duplicate IEC?

Yes, Regional Authority issues, duplicate IEC on the payment of prescribed fees.

4. How many IEC's are available on one PAN?

Only one IEC will be available on one PAN.

 

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