What is IEC Registration?
Import Export Code (IEC) is a 10 digit identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India.
IEC is mandatory for any business or individual involved in:
- Import of goods
- Export of goods
- International trade transactions
- Receiving foreign remittances for exports
Without IEC, no person or entity can legally conduct import-export activities in India.
Is IEC Registration Mandatory?
Yes, IEC is compulsory in the following cases:
- Importing goods into India
- Exporting goods outside India
- Receiving foreign currency payments
- Making foreign remittances
- Customs clearance of goods
Custom authorities and banks require IEC for processing import/export transactions.
Annual IEC Updation
As per DGFT notification:
- IEC holders must update IEC details annually between April to June.
- Even if there is no change, confirmation must be filed.
- Failure to update may lead to deactivation of IEC.
Key Features of IEC Registration
- 10-digit unique code
- Lifetime validity
- No renewal required
- Mandatory for foreign trade
- Linked with PAN
- Fully online application process
- Required for customs clearance
Who Can Apply for IEC?
The following entities can apply:
- Proprietorship
- Partnership Firm
- LLP
- Private Limited Company
- Public Limited Company
- Trust
- Society
- HUF
Company registration is not mandatory. Even a sole proprietor can apply.
When is IEC Required?
IEC is required:
- For clearing goods at customs
- For sending money abroad
- For receiving export payments
- For applying for export benefits
- For participation in international trade
Exception: IEC is not required for personal imports/exports not connected to business.
Benefits of IEC Registration
Expansion into Global Market
Enables businesses to operate internationally.
Avail Government Export Incentives
Eligible for schemes under DGFT and Export Promotion Councils.
Lifetime Validity
No renewal required (only annual update confirmation).
No Return Filing
IEC does not require periodic return filing.
Government Recognition
Recognized by Customs, RBI, DGFT, and Foreign Authorities.
IEC Registration Process
Step 1: Visit DGFT official portal (www.dgft.gov.in)
Step 2: Create login with PAN details
Step 3: Fill IEC Application (ANF 2A)
Step 4: Upload required documents
Step 5: Pay government fee
Step 6: Submit application with Aadhaar OTP / DSC
IEC is generally issued within 1โ3 working days.
Documents Required for IEC Registration
For Proprietorship:
- PAN Card
- Aadhaar Card
- Cancelled cheque of bank account
- Address proof
- Passport-size photograph
For Partnership Firm:
- PAN of firm
- Partnership deed
- PAN & Aadhaar of partners
- Cancelled cheque
- Address proof
For Company / LLP:
- PAN of company
- Certificate of Incorporation
- MOA & AOA
- Board Resolution
- PAN & Aadhaar of directors
- Cancelled cheque
- Registered office proof
Other Requirements:
- Active mobile number
- Active email ID
- Bank account in name of business
For NRIs:
- RBI approval (if applicable)
Government Fees for IEC Registration
Government Fee: โน500
Professional service charges are separate.
Validity of IEC
- IEC remains valid for lifetime
- Mandatory annual update confirmation required (AprilโJune each year)
Frequently Asked Questions
Is IEC required for service exports?
Yes, if receiving foreign currency payments.
Is IEC required for GST registration?
No, both are separate registrations.
Can an individual apply?
Yes, a sole proprietor can apply.
Is IEC required for Amazon exports?
Yes, if exporting internationally.
Is renewal required?
No renewal required, but annual updation is mandatory.
For professional assistance with IEC Registration and DGFT compliance, consult experienced trade professionals to ensure smooth registration and annual updation compliance.