7 Steps to Get Import Export Code for Your Business

If you want to start an import or export business in India, you need to obtain an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT). An IEC is a 10-digit alphanumeric code that is mandatory for any person or entity engaged in international trade activities. In this article, we will explain how to get import export code in India and what are the benefits of having an IEC.

What is Import Export Code?

Import Export Code (IEC) is a unique identification number issued by the DGFT to any person or entity that wishes to import or export goods and services from India. It is also known as Exporter Importer Code (EIC), Export Import Number (EIN), or Foreign Trade Number (FTN).

An IEC is required for the following purposes:

To clear customs and shipments at the port of entry or exit
To send or receive money in foreign currency for trade transactions
To avail various benefits and schemes offered by the government for exporters and importers
To register with various online marketplaces and platforms that facilitate international trade

How to Get Import Export Code in India?

To get import export code in India, you need to follow these steps:

Visit the DGFT website and click on the “Services” tab. Then, select “IEC” from the drop-down menu.

Fill in the online application form with your personal and business details, such as name, address, PAN, bank account, etc. You also need to upload scanned copies of the following documents:

PAN card
Aadhaar card
Passport size photo
Cancelled cheque or bank certificate
Business proof (such as GST registration, partnership deed, etc.)

Pay the application fee of Rs. 500 through online mode (net banking, credit card, debit card, etc.)

Submit the application and take a printout of the acknowledgement receipt.

Wait for the verification and approval process by the DGFT. This may take up to 7 working days.

Once approved, you will receive your IEC number through email and SMS. You can also download your IEC certificate from the DGFT website.

Print your IEC certificate and keep it safely for future reference.

Benefits of Having an Import Export Code

Having an import export code can help you grow your business in many ways, such as:

It enables you to access global markets and expand your customer base
It allows you to avail various incentives and subsidies offered by the government for promoting exports
It helps you to reduce your transaction costs and improve your cash flow
It enhances your credibility and reputation among your buyers and suppliers
It simplifies your documentation and compliance requirements

How to Get an Import Export Code (IEC) for Your Business

If you are planning to start a business that involves importing or exporting goods from or to India, you will need an Import Export Code (IEC). An IEC is a 10-digit alphanumeric code issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry. It is mandatory for every person or entity that wants to engage in international trade in India.

An IEC has multiple benefits for your business, such as:

It enables you to expand your market reach and access global customers and suppliers.
It allows you to avail various schemes and incentives offered by the government for exporters and importers.
It simplifies the customs clearance process and reduces the documentation requirements.
It facilitates the online payment of duties and taxes through various modes such as net banking, credit card, debit card, etc.
It helps you to establish your identity and credibility as a legitimate trader in the international market.

How to Apply for an IEC Online

The process of applying for an IEC online is simple and hassle-free. You just need to follow these steps:

Visit the DGFT website (https://dgft.gov.in/) and click on the “Services” tab. Then select “IEC” from the drop-down menu.
Register yourself as a new user by providing your PAN, mobile number, email ID, and captcha code. You will receive an OTP on your mobile number and email ID for verification.
Login with your user ID and password and fill up the online application form (Aayaat Niryaat Form 2A) with the required details such as name, address, bank account, nature of business, etc.
Upload the scanned copies of the following documents in PDF format:
PAN card
Aadhaar card
Cancelled cheque or bank certificate
Passport size photo
Any other document as specified by the DGFT
Pay the application fee of Rs. 500 through online mode using net banking, credit card, debit card, or UPI.
Submit the application and take a printout of the acknowledgement receipt.
You will receive your IEC within 5-7 working days after verification by the DGFT.

How to Check the Status of Your IEC Application

You can check the status of your IEC application online by following these steps:

Visit the DGFT website (https://dgft.gov.in/) and click on the “Services” tab. Then select “IEC” from the drop-down menu.
Click on the “IEC Status at DGFT HQ” option and enter your PAN and captcha code.
Click on “Search” and you will see the status of your application on the screen.

You can also download your IEC certificate from the same portal once it is issued by the DGFT.

How to Update or Modify Your IEC Details

If you want to update or modify any details in your IEC, such as address, bank account, email ID, etc., you can do so online by following these steps:

Visit the DGFT website (https://dgft.gov.in/) and click on the “Services” tab. Then select “IEC” from the drop-down menu.
Login with your user ID and password and click on the “Modify IEC” option.
Make the necessary changes in the online application form and upload the supporting documents if required.
Pay the modification fee of Rs. 200 through online mode using net banking, credit card, debit card, or UPI.
Submit the application and take a printout of the acknowledgement receipt.
You will receive an updated IEC within 5-7 working days after verification by the DGFT.

How to Surrender or Cancel Your IEC

If you want to surrender or cancel your IEC due to closure of business or any other reason, you can do so online by following these steps:

Visit the DGFT website (https://dgft.gov.in/) and click on the “Services” tab. Then select “IEC” from the drop-down menu.
Login with your user ID and password and click on the “Surrender IEC” option.
Fill up the online surrender form with the required details such as reason for surrender, date of surrender, etc.
Upload a scanned copy of your IEC certificate in PDF format.
Submit the form and take a printout of the acknowledgement receipt.
You will receive a confirmation email from the DGFT within 5-7 working days after verification.

References:

https://www.edumaritime.net/icc-academy/export-import-certificate-eic-online

http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Economic_territory

https://www.trade.gov/harmonized-system-hs-codes
https://www.cbp.gov/trade/basic-import-export/importer-exporter-tips
https://blog.caonweb.com/import-export-code-apply/
https://www.legalraasta.com/import-export-code-iec-registration/
https://www.shiprocket.in/blog/get-iec-code-import-export-code-application/

https://dgft.gov.in/services/iec

https://www.indiafilings.com/learn/how-to-get-import-export-code/

https://www.quickcompany.in/import-export-code