The Importer-Exporter Code (IEC) is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) in India. It is mandatory for businesses engaged in import and export activities to obtain an IEC code. The IEC code is required to clear goods through customs and to claim benefits under various government schemes.
Here is a step-by-step guide on how to apply for an IEC code:
Step 1: Visit the DGFT website (https://dgft.gov.in/) and click on the “Services” tab.
Step 2: Click on the “IEC Online Application” link under the “Services” tab.
Step 3: Fill in the online application form with all the required details.
Step 4: Upload all the required documents, including a PAN card, GST registration certificate, and proof of business registration.
Step 5: Pay the application fee online using a credit card, debit card, or net banking. The fee for obtaining an IEC code is currently INR 250.
Step 6: Once the application is submitted, you will receive an acknowledgement receipt with a unique application number.
Step 7: The DGFT will process your application and issue the IEC code within 7-10 working days.
Step 8: You can check the status of your application on the DGFT website using the application number.
Step 9: Once your IEC code is issued, you will receive it via email.
Documents required for IEC Code Application:
- PAN card
- GST registration certificate
- Business registration certificate (such as a GST or VAT registration certificate)
- A cancelled cheque or bank statement
- Passport size photograph
Please note that the above process and the required documents may change in the future and it is always advisable to consult the official websites of the concerned authorities or consult a lawyer or an expert.
It is important to keep your IEC code up to date, as failure to do so may result in fines or penalties. You can update your IEC code by submitting an application to the DGFT and providing proof of any changes to your business details.
In summary, obtaining an Importer-Exporter Code (IEC) is a mandatory requirement for businesses engaged in import and export activities in India. The process of obtaining an IEC code is done online, and it requires certain documents to be uploaded such as PAN, GST registration, and Business registration certificate. Once the application is submitted it takes 7-10 working days for the DGFT to process the application and issue the IEC
