Import Export Code (IEC) Registration in India is mandatory for businesses or individuals involved in importing or exporting goods and services. Issued by the Directorate General of Foreign Trade (DGFT), IEC is a key requirement for customs clearance, foreign remittances, and availing export incentives. In this Saving Mantra guide, we explain what IEC registration is and provide a step-by-step process for Import Export Code Registration in India in a simple and practical manner.
What is Import Export Code (IEC)?
Import Export Code is a 10-digit identification number issued to exporters and importers. Without IEC, no person or entity can legally engage in cross-border trade, except in a few exempted cases.
Who Needs IEC Registration?
IEC registration is required for:
- Importers of goods or services
- Exporters of goods or services
- Proprietorships, partnerships, LLPs, companies
- Online sellers exporting through e-commerce platforms
- Service providers receiving foreign currency payments
Benefits of IEC Registration
- Mandatory compliance for import-export business
- Smooth customs clearance
- Easy receipt of foreign payments
- Eligibility for export incentives and schemes
- Lifetime validity with no return filing
- Improves international business credibility
Step-by-Step Process for Import Export Code Registration in India
Step 1: Keep Required Documents Ready
Ensure PAN, address proof, and bank details are available before applying.
Step 2: Visit DGFT Portal
Access the official DGFT portal and create a login using email ID and mobile number.
Step 3: Fill IEC Application Form
Enter details such as:
- Name and constitution of business
- PAN details
- Business address
- Bank account details
- Nature of import/export activity
Step 4: Upload Required Documents
Upload scanned copies of PAN, address proof, and bank proof as per guidelines.
Step 5: Pay IEC Registration Fee
Pay the prescribed government fee online through net banking, UPI, or card.
Step 6: Verification and Submission
Verify the application using Aadhaar OTP or DSC and submit it online.
Step 7: Issue of IEC Certificate
After successful verification, the IEC Certificate is generated and sent to the registered email ID.
Documents Required for IEC Registration
- PAN Card of individual or business
- Aadhaar Card of applicant
- Passport-size photograph
- Address proof (Electricity bill, Rent agreement, Sale deed)
- Cancelled cheque or bank certificate
Validity of Import Export Code
IEC is valid for a lifetime and does not require renewal. However, details must be updated periodically as per DGFT guidelines.
Post IEC Registration Compliance
- Update IEC details annually on DGFT portal
- Comply with customs and foreign trade regulations
- Maintain records of import-export transactions
- Follow RBI and FEMA guidelines
Penalty for Non-Compliance
Failure to obtain or update IEC may lead to suspension or cancellation of IEC and restrictions on import-export activities.
Why Choose Saving Mantra for IEC Registration?
- Quick and hassle-free IEC registration
- Expert documentation and filing support
- Transparent pricing
- Assistance in DGFT compliance and updates
- End-to-end import-export business support
Conclusion
Import Export Code Registration in India is the foundation for starting any international trade business. By following the correct step-by-step IEC registration process, businesses can expand globally with confidence and compliance. Saving Mantra ensures smooth IEC registration and ongoing support for your import-export journey.