IEC Code (Importer Exporter Code)

IEC Code Registration refers to the registration process for obtaining the Importer Exporter Code (IEC), which is a unique identification number required by businesses in India for engaging in international trade. The IEC code is issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, Government of India.

BENEFITS OF IEC CODE

Here are the key benefits of having an IEC code:

  1. Legal Authorization for International Trade
  2. Simplified Customs Clearance
  3. Reduces illegal goods transportation
  4. Eligibility for Export Incentives and Schemes.
  5. Access to Global Markets
  6. Banking and Payment Facilitation
  7. Improved Credibility and Trust
  8. Encouragement of Export Activities

DOCUEMNTS REQUIRED FOR IEC CODE

CATEGORY DOCUMENTS REQUIRED
PROPRIETORSHIP ·       Adhar card

·       PAN card

·       Mobile no and email address

·       Electricity bill of business place

·       If rented, rent agreement and NOC

·       Cancelled cheque

·       Photo

·       DSC

·       Application form (ANF 2A)

 
LLP ·       Documents same as of proprietor

·       LLP Agreement

·       LLP Pan Card

 
PARTNETSHIP ·       Documents same as of proprietor

·       Partnership Deed

·       Partnership Pan Card

 
COMPANY

 

 ·       Documents same as of proprietor

·       Certificate of incorporation

·       Company PAN Card

 
TRUST ·       Documents same as of proprietor

·       Trust Deed

·       Trust Pan Card

·       Registration certificate

 
SOCIETY ·       Documents same as of proprietor

·       Society Pan Card

·       Registration certificate

CLOSURE PROEDURE

The closure procedure of an IEC (Importer Exporter Code) is required when a business or entity decides to discontinue its import/export operations or permanently stop trading internationally. Here are the steps to close IEC Code:

  1. Login in to DGFCT portal
  1. Select the Services tab
  1. Select ‘IEC Code’ from the drop-down menu
  1. Scroll down and select Surrender IEC
  1. Fill out the IEC closure form (or surrender form) with necessary details
  2. After submission, the DGFT will process the closure request.
  3. Once verified, they will close the IEC and provide confirmation. The IEC code will be marked as inactive