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The Import Export Code (IEC) is a unique identification number assigned to individuals or businesses engaged in importing or exporting goods and services from India. It serves as a primary document for clearing customs, opening a bank account, and conducting international trade transactions.

The Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It is a mandatory requirement for individuals or businesses engaged in import or export activities in India. The IEC is used by customs authorities to track and monitor international trade transactions and is essential for clearing customs, obtaining foreign exchange, and availing various benefits and incentives provided by the government.

Requirements for Import Export Code (IEC) Online

• Identity proof of the applicant (e.g., PAN card, Aadhaar card, passport).
• Address proof of the business premises (e.g., utility bill, rent agreement, property tax receipt).
• Bank account details of the applicant (e.g., canceled cheque, bank statement).
• Other relevant documents as specified by the DGFT.

Benefits of Import Export Code (IEC)

• Global Market Access: Obtain access to international markets and expand business opportunities through import and export activities.
• Customs Clearance: Facilitate smooth customs clearance for import and export shipments by providing the Import Export Code (IEC) to customs authorities.
• Foreign Exchange Transactions: Conduct foreign exchange transactions related to international trade transactions with banks and financial institutions.
• Government Benefits and Incentives: Avail various benefits, incentives, and schemes provided by the government for promoting international trade and export promotion.