Doc Summary
Overview
The Import Export Code (IEC) is a mandatory business identification number required for companies and individuals involved in import or export activities in India. It is issued by the Directorate General of Foreign Trade (DGFT) under the Foreign Trade (Development & Regulation) Act, 1992.
Without an IEC, no business can legally import or export goods or services from India. It also enables access to global markets and benefits under various export promotion schemes.
Eligibility / Who Should Apply
- Any individual or business entity involved in importing or exporting goods or services
- Proprietorships, partnerships, LLPs, private limited or public limited companies
- Service providers dealing in international trade
- Businesses seeking customs clearance and foreign transactions
Step-by-Step Process
- Prepare Documents: Gather identity, address, and business proof documents
- Apply Online: File the IEC application on the DGFT online portal
- Upload Digital Documents: Provide PAN, bank details, and business information
- Pay Government Fee: Submit the prescribed application fee online
- Certificate Issuance: The IEC Certificate is issued digitally with a unique 10-digit number
Documents Required
- PAN of the business or individual
- Aadhaar of the applicant or authorized person
- Proof of business address (Rent Agreement / NOC / Ownership Proof)
- Bank details (Cancelled Cheque / Bank Statement)
- Digital photograph and email ID of the applicant
Timeline
The IEC certificate is generally issued within 1–3 working days after successful submission and approval by the DGFT.
Post-Registration Requirements
- Update IEC details online in case of any change in business information
- Renew or verify IEC annually through the DGFT portal (mandatory from FY 2021–22 onwards)
- Use IEC for customs clearance, shipping, and bank remittance documentation
- Maintain trade-related records for inspection or verification
Penalties for Non-Compliance
- Import or export without IEC may lead to confiscation of goods
- Failure to update IEC annually can result in deactivation by DGFT
- Misuse of IEC may attract penalties under the Foreign Trade Act
Kanoons Service
Kanoons Law & Tax Consultants Pvt. Ltd. provides a fast and reliable IEC registration service for all types of businesses engaged in foreign trade.
Our services include:
- Guidance on IEC eligibility and documentation requirements
- Preparation and online submission of IEC application on DGFT portal
- Digital verification and follow-up for certificate issuance
- Assistance in IEC modification, reactivation, and renewal
- Advisory on post-registration trade compliance and export benefits
Kanoons ensures a smooth and timely IEC registration process, enabling your business to expand into international markets with ease.
Why Choose Kanoons
- Quick, 100% online IEC registration process
- Transparent pricing with no hidden costs
- Support for amendments, renewals, and export compliance
- Reliable assistance for startups and established traders
- Trusted by importers and exporters across multiple industries
