What is Import Export code (IEC) ?
An Importer Exporter Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC. For services exports however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy. An individual or a business entity needs a 10 digit code to import or export products or services. This code is known as Import Export Code or IEC and it is issued by DGFT, Ministry of Commerce and Industries, Govt. of India.
When is IEC code required ?
- Customs authorities need it to clear shipments during imports.
• The bank needs it to transfer the money when imports are made.
• Similarly during export the shipments the IEC is required.
• When exporter is supposed to receive money in foreign currency, IEC code is required to transfer the money to his account directly.
Who can apply for IEC code ?
The IEC code registration is applicable for all business registrations:
- Limited Company
Type of Organization : Select the type of organization from the given options
Name of Applicant : Fill name of Applicant as mentioned on the Aadhaar Card.
PAN : Fill 10 Digit PAN Number in case of Limited Liability Partnership / Partnership Firm/ Co-operative Society / Private Limited / Public Limited. PAN Number is optional in case of Proprietorship Firm / Hindu Undivided Family / Self Help Group .
Date of Incorporation/ Date of Birth as on PAN : Fill the date of Incorporation/ Date of Birth as mentioned on the PAN Card.
Entity Address : Please fill the address properly.
Business Activity of Enterprise : Select the Business activity from the given options.
Additional details about Business : Fill Additional details about business.
Bank Account Number : Fill the Applicant’s bank account number.
Account Holder Name : Fill the account holder name.
Bank Name : Fill the Bank Name.
Branch Name : Fill the Branch Name.
Bank IFS Code : Fill the Applicant Bank IFS Code. The IFS code is printed on the Cheque Books.
CIN : Fill CIN in case of Limited Liability Partnership / Private Limited / Public Limited.
Name of Director/Partner/Proprietor : Fill name as mentioned on the PAN Card
PAN : Fill 10 Digit PAN Number
Date of Birth : Fill the date of Birth as mentioned on the PAN Card.
Name of Father’s : Fill father’s name of Director/Partner/Proprietor
Address : Please fill the address properly
Mobile No : Fill the correct Mobile Number
Mail ID : Fill the correct Mail ID
Aadhaar Number : Fill 12 digit Aadhaar number issued to the applicant in the appropriate field
Attachment : Attach scan copy of the following documents: address Proof of Entity/Firm/Organization , Bank Certificate/Cancel Cheque