IEC (Import/Export Code)

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What is an Import Export Code (IEC)?

An Import Export Code (IEC) is a key business identification number that is mandatory for the import or export of goods and services from India. Issued by the Directorate General of Foreign Trade (DGFT), the IEC is a unique 10-digit code that remains valid for the lifetime of an entity and is essential for conducting international trade in India.

Why Do You Need an IEC?

  1. Legal Requirement: As per Indian laws, any business involved in importing or exporting goods or services must have an IEC.
  2. Global Market Access: An IEC enables businesses to expand their market globally by engaging in cross-border trade.
  3. Customs Clearance: It is required for customs clearance of imported or exported goods.
  4. Bank Transactions: An IEC is necessary for making or receiving payments for international trade transactions.

Who Needs an IEC?

  • Proprietors
  • Partnerships
  • Limited Liability Partnerships (LLPs)
  • Private Limited Companies
  • Public Limited Companies
  • HUFs (Hindu Undivided Families)
  • Registered Societies, Trusts, and NGOs

Benefits of Having an IEC

  1. Market Expansion: Facilitates entry into the global market, opening up new business opportunities.
  2. Government Benefits: Eligibility for government schemes, subsidies, and initiatives aimed at promoting exports.
  3. No Renewal Needed: IEC is issued for the lifetime of the entity, eliminating the need for periodic renewals.
  4. Simplified Compliance: Reduces the hassle of multiple registrations and streamlines the compliance process.

How to Apply for an IEC?

Step 1: Prepare the Necessary Documents

  • PAN Card of the business entity
  • Identity and address proof of the applicant
  • Bank certificate or a canceled cheque of the business entity
  • Digital photograph of the applicant

Step 2: Online Application Submission

  • Visit the DGFT website and navigate to the IEC section.
  • Register with your PAN, which will act as your login ID.
  • Fill in the necessary details in the online application form.
  • Upload the scanned copies of the required documents.
  • Pay the prescribed application fee through online mode.

Step 3: Issuance of IEC

  • Upon successful verification of your application and documents, the DGFT will issue the IEC.
  • The IEC will be sent to your registered email ID and can also be downloaded from the DGFT website.

Why Choose Us?

At Tech Munshi, we simplify the process of obtaining an IEC for your business. Our experienced team provides end-to-end support, ensuring a hassle-free experience. Here’s why you should choose us:

  • Expert Guidance: Our professionals guide you through every step of the application process.
  • Document Preparation: Assistance in preparing and verifying all necessary documents.
  • Timely Processing: We ensure that your application is processed quickly and efficiently.
  • Post-Issuance Support: Continuous support for any queries or issues related to your IEC.

Contact Us

Ready to take your business global? Get in touch with us today to obtain your Import Export Code (IEC)!

Email: support@techmunshi.co.in
Phone: +91-9953784832