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    Introduction to Import Export Code (IEC)

    Import Export Code (IEC) is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India. This code is mandatory for businesses involved in the import or export of goods and services from India.

    Key Features of IEC

    • Mandatory for Importers/Exporters: IEC is required for any individual or business involved in international trade.
    • No Expiry: IEC does not require renewal or filing and is valid for a lifetime.
    • Universal Applicability: The IEC is applicable for all branches and units of the business, irrespective of their location.
    • Online Process: The application process is entirely online and can be completed quickly.
    • Required by Banks: IEC is necessary for receiving payments from abroad.

    Benefits of IEC Registration

    1. Easy Participation in International Trade: It is required to engage in the import/export of goods or services, making it an essential tool for global business.
    2. Banking Requirement: Banks require IEC for processing foreign payments.
    3. Simplicity: The process for obtaining IEC is relatively simple and can be done online.
    4. Lifelong Validity: Once issued, it remains valid forever with no renewal requirements.

    Documents Required for IEC Registration

    • PAN Card of the entity.
    • Business Address Proof (e.g., Sale Deed, Rent Agreement, Electricity Bill, etc.).
    • Photographs and KYC details of the directors, partners, or proprietor.
    • Bank Details such as cancelled cheque or passbook.
    • Authorized Signatory Letter/Board Resolution.
    • Email and Mobile Number of the applicant.

    Charter Documents of the entity, if applicable.

    Knowledge Base

    Any business engaged in the import or export of goods or services from India must have an IEC.

    IEC is valid for a lifetime and does not require any renewal.

    The government fee for IEC registration is ₹500.

    Yes, proprietors can apply for IEC in their name.

    Yes, IEC is required for all types of imports and exports of goods or services.

    Yes, IEC is applicable for all branches or units of the business.

    No, the process is completely online, and you do not need to visit the DGFT office in person.

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