Import Export Code (IEC)
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Frequently Asked Questions
• Customs authorities need it to clear shipments during imports.
• The bank needs it to transfer the money when imports are made.
• Similarly during export the shipments the IEC is required.
• When exporter is supposed to receive money in foreign currency, IEC code is required to transfer the money to his account directly.
The IEC code registration is applicable for all business registrations:
Proprietorship
Partnership
LLP
Limited Company
Trust
HUF
Society
| IEC Registration Fees | |
| Aayaat Niryaat Form Submit | Zero |
| Filing at DGFT | Zero |
| Professional Fees | Rs. 1999 |
| Govt. Fees (Exclude) | Rs. 500 |
| Rs. 1999 Only | |
Smart Trade Exim Customers Recently Issued IEC Licenses By DGFT
Document Required
Two Colour Photographs of Promoters/Individuals/ Company/ Director
PAN Card of each Shareholders and directors
Identity Proof (Voter ID / Driving License/ Passport)
Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
Proof of Registered Office
Utility Bill as proof must be Latest
Advantages of IEC for Import Export Businesses
International Market Reach
Import Export Code helps you in order to take your business to the international market. Not only that, it will increase your revenue as well as growth.
Niryat Bandhu Scheme
The Niryat Bandhu scheme of DGFT Main Objective is to Help Entrepreneurs, Exporters, Importers, and students of this Subject to help learn and provide certification in Export & Import Management.
Reduces the Risk of Illegal Transportation
IEC helps you to get rid of any illegal transportation or fraudulent imports and exports. IEC registration is a centralized registration which helps the officials to supervise and manage the transaction.
Easy Avail Benefit of Govt. Schemes
IEC Code offers great benefit for Import Export business. An IEC registered business entity would be qualified to avail benefits or subsidies declared by the Customs, Export Promotion Council and other several authorities.
Other Benefits
Companies that register for the Import Export Code could make the most of several other benefits offered by customs, the Export Promotion Council, and the Director General of Foreign Trade.
Modification & Management of IEC
Modification in IEC
If there is any change in the details of the IEC holder like address, phone number, email ID, bank details, etc., the same needs to be updated in the IEC. The modification can be done online through the DGFT website.
Common Modifications
- Change of Address
- Change of Phone Number/Email
- Change of Bank Details
- Change of Directors/Partners
- Change of Name of the Entity
Annual Compliance
As per the recent notification by DGFT, all IEC holders are required to update their IEC details online every year during April-June period. If the IEC holder fails to update the IEC details during April-June period, the IEC will be deactivated. The deactivated IEC can be reactivated by updating the IEC details and paying a fee of Rs. 200/-.
Cancellation of IEC
If the IEC holder wants to surrender the IEC, they can apply for cancellation of IEC through the DGFT website.
Why Choose Us for IEC?
Experienced Team
Our team has years of experience in handling IEC applications for various types of entities.
Experienced Team
Our team has years of experience in handling IEC applications for various types of entities.
Experienced Team
Our team has years of experience in handling IEC applications for various types of entities.
Need Expert Assistance with Government Schemes?
Our team of experienced consultants can guide you through the entire process — from application to final compliance, across various schemes.