A Pvt.Ltd Company Offers Limited Liability and Independent Legal Status.
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.
• For Imports and Exports:Necessary to import/export goods and receive/send foreign payments.
• Access to Benefits:Avail government incentives for international trade.
• Legal RequirementMandatory for all businesses dealing in foreign trade.
• Access to Benefits:Avail government incentives for international trade.
• Legal RequirementMandatory for all businesses dealing in foreign trade.
The following entities need IEC registration:
• 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.
• 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.
• PAN Card of the business or individual.
• 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.
• 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.
1. Register on the DGFT portal.
2. Fill out the IEC application form.
3. Upload required documents and pay the fee (₹500).
4. Receive IEC via email after verification.
2. Fill out the IEC application form.
3. Upload required documents and pay the fee (₹500).
4. Receive IEC via email after verification.
IEC details can be updated or modified in case of any changes in business information such as address, ownership, or bank details. You can modify your IEC by logging into the DGFT portal and submitting the required documents.
If you wish to cancel the IEC, you can do so online through the DGFT portal. Once cancelled, the IEC becomes invalid, and the business can no longer engage in import/export activities.
• Global market access
• No renewal required (lifetime validity)
• Government incentives for exporters
• Simple application process
• No Annual Compliance
• No renewal required (lifetime validity)
• Government incentives for exporters
• Simple application process
• No Annual Compliance
IEC holders are required to comply with the Foreign Trade Policy and other import/export regulations. Failure to comply may result in:
• Suspension or cancellation of the IEC
• Fines and penalties under the Foreign Trade (Development & Regulation) Act.
• Legal action for serious violations
• Suspension or cancellation of the IEC
• Fines and penalties under the Foreign Trade (Development & Regulation) Act.
• Legal action for serious violations
