The Ultimate Guide For Your IEC Code Application

The Ultimate Guide For Your IEC Code Application IEC(Import Export Code): Essential for all Indian Import-Export businesses The Import Export Code is a distinctive ten-digit code granted by the Directorate General of Foreign Trade(DGFT). It is mandatory for all import-export units barring a few exceptions. It was introduced by the Government to make shipment tracking efficient. After the onset of the GST regime, the PAN number is the same as the IEC code, although the latter is issued separately.

ADVANTAGES OF HAVING AN IEC CERTIFICATE Besides being compulsory, the IEC code bestows several other benefits upon the holder.   

The IEC code can be obtained by a unit before starting operations and is unalterable. Neither does it require renewals.

An IEC code holder is liable to receive benefits from the Export Promotion Councils, Customs and the DGFT. An exporter can become internationally recognized with IEC registration. This will be instrumental in expansion plans.

REQUIRED DOCUMENTS            

Login credentials to the DGFT website.

An active firms Permanent Account Number(PAN) Proof of Incorporation: Partnership Registered Society Trust HUF Others Proof of Address Proof of Firm’s Bank Account Cancelled Cheque Bank Certificate

These documents must be uploaded online in PDF or JPEG format in a file that doesn’t exceed 5MB.

APPLY FOR IEC ONLINE: Follow this step by step guide Step 1 Visit the DGFT website. Click on the ‘Apply for IEC’ option on the right hand side.

Step 2 Register as a new user. You will receive an OTP on both email and phone number.

Step 3 Verify the two distinct OTPs. You will then receive an email from DGFT with your login details. Change the temporary password upon login.

Step 4 Now you should be on your dashboard. It should be looking like this.

Step 5 Click on Apply IEC. Step 6 This page should open. Fill in the details.

Things to Note: 

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There is an option at the bottom of the page to ‘Save and Continue.’

Click on the button at short intervals to ensure you don’t lose your progress due to power or device failures. It will also come in handy in case you want to fill in the application in more than one sitting.

Firms exempted from the IEC Code Certain importers and exporters who are exempted under the Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993.

Central and State Government Ministries or Departments.

Persons or Entities importing or exporting goods for personal use.

Persons importing or exporting goods from and to Nepal. To avail exemption, the CIF value of a single consignment should not be more than ?25,000.

Persons importing or exporting goods from and to Myanmar through the border areas. To avail exemption, the CIF value of a single consignment should not be more than ?25,000.