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The Process of Applying for Import Export Code Registration

Narendra Kumar

| Updated: Jul 26, 2017 | Category: Import Export Code

Import Export Code

Import Export Code (IEC) contains 10 digit number which is issued by the Director General of Foreign Trade, Department of Commerce. It is required to obtain by every person involved in international trade of Export and Import, or we can say that every person who is engaged in the business of selling of goods or services in international markets it is required to obtain Import Export Code.

In any business which involves the foreign transfer, it is required to obtain an IEC number. The IEC number is used for clearing the goods from the customs authority. The size of the business doesn’t matter, without IEC number no seller can import or export goods.

Benefits of IEC

  • It is the primary proof for a firm as an Importer/Exporter in India.
  • It is submitted to various government authorities to obtain benefits in respect of their export and import from Customs, DGFT, Export Promotion Council, etc.
  • It acts as a license for Importing and Exporting of goods.
  • Through IEC number, Goods are cleared from the customs authorities.
  • It provides dealer code details along with the details of the port from which goods are being imported and export.
  • With the help of IEC, it reduces the transport of illegal goods.
  • To obtain IEC code the full information regarding the goods that will be imported or exported needs to be furnished.
  • IEC number shall be valid for all the divisions/units and factories indicated on the IEC number.

To apply for an Import Export Code number an application is required to be filed with the authority with the requisite fees. It can be filed through an online portal.

Documents Required

Here is the list of following documents that are required to be attached to the application:

  • PAN number;
  • Identity Proof;
  • Premises proof (Rent Agreement in case of rented property);
  • Banker’s Certificate;
  • Current Bank Account;
  • Company’s Cover Letter for the issue of IEC number.

IEC Number Lost/Misplaced

In case IEC number lost or misplaced, the request is made to the issuing authority to grant a duplicate copy of IEC number.

For a filing of a request for duplicate IEC number in case of lost or misplaced, the following documents need to be accompanied:

  • A request letter is drafted on the letterhead for issuance of duplicate IEC;
  • Application form as per Appendix 2 and 3;
  • Copy of IEC number;
  • Copy of FIR;
  • Affidavit on notarized stamp paper;
  • Challan or DD in favor of JT. DGFT;
  • A self-addressed envelope with the postage stamp.

Surrender of IEC

In case IEC holder does not wish to operate the allotted IEC number then he can surrender the same by intimating the issuing authority. The issuing authority after receiving the intimation shall cancel the same and transmit it to DGFT for further transmission to the customs and to other regional authorities to intimate them about the IEC number which has become inoperative.

For more information click here or send us an email at info@enterslice.com. You can also call our customer support at +91 9069142028.

Narendra Kumar

Experienced Finance and Legal Professional with 12+ Years of Experience in Legal, Finance, Fintech, Blockchain, and Revenue Management.

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