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Import/Export Code (IEC) Registration is the process of obtaining a unique code required to carry out international trade. It enables businesses to import or export goods and services legally and comply with regulatory requirements.
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IEC (Import Export Code) is a mandatory 10-digit number issued by the DGFT for businesses involved in international trade. It is required for importing or exporting goods and services and is valid for lifetime.
- Why IEC Registration is Needed?
- Who Needs IEC Registration?
- Documents Required for IEC Registration
- IEC Registration Process
- Modification and Cancellation of IEC
- Benefits of IEC
- Compliance and Penalties
• Access to Benefits:Avail government incentives for international trade.
• Legal RequirementMandatory for all businesses dealing in foreign trade.
• Individuals and Sole Proprietorships involved in import/export
• Partnership firms, LLPs, and Companies planning to trade internationally
• Startups and MSMEs looking to expand their business globally However, if the goods or services are being exported or imported for personal use and not for trade, IEC is not required.
• Aadhaar Card of the applicant (for proprietorships).
• Address proof of the business (rent agreement, utility bill, etc.).
• Bank account details of the business along with a cancelled cheque.
• Digital signature of the applicant for online application.
2. Fill out the IEC application form.
3. Upload required documents and pay the fee (₹500).
4. Receive IEC via email after verification.
• No renewal required (lifetime validity)
• Government incentives for exporters
• Simple application process
• No Annual Compliance
• Suspension or cancellation of the IEC
• Fines and penalties under the Foreign Trade (Development & Regulation) Act.
• Legal action for serious violations
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IT Employee
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Proprietor, Kunwar Enterprises