IE Code Registration
An IEC is a PAN-based number allotted to a person or entity that is mandatory for undertaking any export/import activities. An import export code is a unique 10-digit code for companies and businesses that deals with import-export. The code is issued by the Director-General of Foreign Trade (DGFT), Department of Ministry of Commerce in India. In India no one can operate as an importer/exporter without getting the IEC.
The IEC code is a pan-based registration certificate, it is required by importers to clear customs and shipment, and to transfer money to foreign banks.
It is a one-time registration process to obtain a license that can be utilized by the company and no need for any renewal. The organization can expand its trading activity abroad with no issues at the time of getting IEC.
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Documents Required for IEC Code
Bank account statement
Driving License / Voter ID
Registered office Proof
Pan Card & Aadhar Card
Cancelled Cheque Leaf
Address proof of the registered office
Process & Timeline for IEC Code
Frequently Asked Questions
IEC is a PAN-based number allotted to an individual or business that is mandatory for any export/import activities.
Yes, it is mandatory to submit a PAN Card.
Following persons can apply for IEC
- Limited Liability Partnership,
- Private limited,
- Public Limited,
- Govt. undertaking,
- Section 8 Company,
- Registered Society,
The government fee for applying Import Export Code is Rs. 500, which has to be paid online, while applying for the IE Code application.
Yes, the IEC number is associated with PAN. Under the new system, only PAN-based IEC is issued to the Applicant by DGFT.
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