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IEC

The Importer-Exporter Code (IEC) is a crucial business identification number that is required for all imports and exports. No individual or business can engage in international trade without an IEC issued by the Directorate General of Foreign Trade (DGFT).

For the import or export of services or technology, an IEC is necessary only if the provider is seeking benefits under the Foreign Trade Policy or dealing with specified services or technologies.

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    Benefits:

    Lifetime Validity

    The IEC Code is valid for the lifetime of the business entity and does not require renewal unless the company is wound up.

    Prevents Illegal Goods Transport

    The IEC application requires authentic details, ensuring that only legitimate businesses can transport goods, reducing the risk of illegal trade.

    No Ongoing Compliance

    Once registered, there are no additional compliance requirements, making it easy to maintain the business.

    Facilitates Business Growth

    The IEC Code is essential for businesses looking to expand through imports and exports, opening up growth opportunities.

    Quick Processing

    The IEC Code is typically issued by the DGFT within 10–15 days after submitting application.

    Documents required for IEC code

    • Copy of PAN Card of an individual, firm, or Company;
    • Cancel cheque copies of current bank accounts of an individual, firm, or Company;
    • Copy of rent or lease agreement or electricity bill copy of the premise;
    • Aadhar Card, Voter id, or passport copy of an individual;
    • A self-addressed envelope for delivery of IEC Certificate by registered post.