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The Import Export Code (IEC) is a unique identifier required for any individual, business, or organization engaged in import or export activities in India. Without IEC, you cannot legally import or export goods or services.
The same IEC can be used for all branches, divisions, or units of a business.
Once issued, an IEC is valid for a lifetime.
It is required for customs clearance, international payments, and availing of benefits from export promotion schemes.
The documents needed for an IEC application vary based on the type of applicant. Here's a detailed list:
1. PAN Card and Aadhar Card of the proprietor.
2. Valid Email ID and Mobile Number (for OTP verification).
3. Address Proof of the applicant, such as utility bills or rent agreements.
4. Cancelled Cheque of the proprietor’s bank account.
1. PAN Card of the organization.
2. Udyog Aadhar or MSME Certificate.
3. PAN Card and Aadhar Card of all directors/partners.
4. Valid Email ID and Mobile Number of the applicant.
5. Address Proof of the business (e.g., utility bill, lease agreement).
6. Cancelled Cheque of the organization’s bank account.
IEC is valid for a lifetime. Once IEC is issued, there is no need to renew it or pay the annual fees. It can be used for all import and export activities across all of your business locations.
Yes, IEC is required for both goods and services if you are receiving payments in foreign currency.
Yes, one IEC is valid for all branches, divisions, or units of the same business.
Once the application and document are submitted, it normally takes 2 to 5 working days to process and issue the IEC.
Yes, a nominal fee is required to apply for IEC through the DGFT portal.
Yes, you can update your IEC details (like address, email, or mobile number) through the DGFT online portal.
Without an IEC, you cannot import/export goods or services. Additionally, you may miss out on benefits offered under export promotion schemes.