Import Export (IE) Code is mandatorily required to be obtained by any person/business entity importing or exporting goods and services to/from India unless specifically exempted. IE Code is a 10 digit unique code issued by Director General of Foreign Trade, Ministry of Commerce and Industries, Government of India to facilitate and identify all import and export to/from India. IEC forms the primary document for recognition by Government of India as an Exporter/Importer. On the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, Customs, and Export Promotion Council etc. Application for IEC may be submitted in physical or online mode in prescribed Form ANF 2A with DGFT along with prescribed documents and fee. The code is generally allotted by DGFT within 2-3 working days and valid for lifetime.
It is a 10 digit unique code issued by Director General of Foreign Trade, Ministry of Commerce and Industries, Government of India and mandatorily required for any import or export to/from India.
Both for importer or exporter it is mandatory to quote IEC for custom clearances and sending/receiving money from abroad against shipments. Beside it is also required for claiming export incentives like SEIS/MEIS scrips, duty drawback etc.
IEC is the permanent document issued to the Importer/Exporter only once and the same is not item based. The exporter/ importer can venture into any item of Import/Export based on the IEC issued.
Once an IEC is issued, it is valid for lifetime. However, any modification in the IEC database should be intimated to the DGFT, Ministry of Commerce and Industries, Government of India.
It is illegal to possess more than one IEC Number if allotted then the other IEC should immediately be surrendered. Only one IEC can be issued against the one Pan number for all its branches / Divisions / Units /Factories.
No return or compliance is required to be done post obtaining IE Code, even at the time of export or import transactions occurs.
Application for IEC is prepared either in physical or online mode in prescribed Form ANF 2A along with prescribed documents.
Application is submitted to the Regional Authority of DGFT in the region where the registered office of the company is situated along with all the requisite documents and prescribed fee.
After due scrutiny and verification, the Directorate General of Foreign Trade allot IE Code of the business generally within 2-3 working days.
Without having PAN number, no person can apply for IEC. Only one IEC can be issued against the single PAN Number
Bank Certificate should be obtained from the bank in the bank’s letter head format only.
All documents prescribed above for Indian Citizen/ company/Proprietorship Firm, additionally Board Resolution, Memorandum of Association, Copy of Passport is also required.
If an IEC holder does not wish to operate the allotted IEC number, he may surrender the same by informing the issuing authority. After receiving intimation from the holder, the issuing authority shall immediately cancel the same and electronically transmit it to DGFT for onward transmission to the Customs and Regional Authorities.
Any bona fide person/ company starting a venture for international trade except the categories specifically, exempted requires to obtain an IEC number.
Yes, the applicant can physically prepare and submit the application Form ANF 2A to the nearest Regional Authority of DGFT within 15 days along with all the requisite documents and prescribed fees through demand draft or EFT.
NRI has to follow the normal ¬¬application procedure. In addition permission from RBI/ FIPB is needed in some cases.
Yes, in case of lost or misplaced of IEC Code number, the issuing authority may consider requests for grant of a duplicate copy of IEC number, if accompanied by an affidavit. Duplicate IEC Number need to be applied physically.
Once the IEC is issued by the DGFT, the data is automatically transmitted electronically to the custom department.
For Proprietorship Firm/ HUF/Partnership firms
For Company and LLP