Import export code is a unique 10-digit code, which is mandatory for any person importing or exporting of goods/ services to or from India. No export or import shall be made by any person without obtaining an IEC.

– For Import and export of Goods/ Services to or from India
– To clear the shipments during Import or export
– The bank needs it to transfer the money when imports are made.
– When exporter is supposed to receive money in foreign currency, IEC code is required to transfer the money to his account directly.

Yes, absolutely. It gives you the right to sell to anyone, anywhere in the world.

No, this is not required.

To obtain IE code registration, a copy of PAN Card, proof of address of business and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] and a cancelled cheque of the current account is required.

Yes, we can connect you to banks and they will help you set up the account.

No, you need not pay any security deposit to import products.

No, there are no returns to be filed. It is just a license, authorising you to export or import to or from anywhere in the world.

The Import Export Code comes with a lifelong validity unless the same is withdrawn or surrendered. Once the applicant receives the IE Code, there is no need to re-register as it is a perpetual registration.

Only a single IEC can be issued against a single PAN card. If at all more than one IEC is issued then it has to be surrendered to the regional office.

No, there is no penalty however, the import or export is not possible without IE code.

No, there is no compliance to be fulfilled after the import-export license registration is obtained.

Yes, the IEC information can be modified by providing all the necessary documents even after the code is issued.

IE code can be cancelled by initiating a formal request to the DGFT online. On receipt of such intimation, the authorities will cancel it electronically.