Import Export Code (IEC) is a 10-digit code issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It is mandatory for businesses engaged in import or export of goods and services to obtain an IEC.

To obtain an IEC, you can follow these steps:

• Visit the DGFT website

• Download and fill the IEC application form (ANF 2A)

• Attach necessary documents such as PAN card, Address proof, Bank certificate and bill of entry or shipping bill

• Submit the form along with the documents to the regional office of the DGFT.

• Pay the applicable fee

Once the application is processed and approved, you will receive your IEC number, which you can use for all your import/export transactions.

Documents Required for Import Export Code

The following documents are required to obtain an Import Export Code (IEC) in India:

• IEC application form (ANF 2A)

• PAN card of the applicant or the company

• Address proof of the applicant or the company

• Bank certificate - to prove that the applicant or the company has an active bank account

• Bill of Entry or Shipping Bill - for businesses engaged in import or export of goods

• Declaration in form ANF 2B (if the applicant is an individual)

• Memorandum of Association and Article of Association (if the applicant is a company)

• GST registration certificate (if applicable)

Benefits of Import Export code

Import Export Code (IEC) is a unique 10-digit code required for businesses engaged in import or export activities in India. Some of the benefits of having an IEC are:

Legality: IEC is mandatory for engaging in international trade, making it a legal requirement.

Easy customs clearance: IEC is required to clear goods through customs and helps expedite the process.

Access to Government Schemes: IEC holders are eligible for various government schemes and incentives for exports.

No Restrictions on Quantity: IEC holders can import or export any quantity of goods without any restrictions.

Wide Recognition: IEC is recognized by banks, customs, and other government agencies.

Improved credibility: Possession of IEC indicates that the business is legitimate and has a certain level of credibility, thereby enhancing its reputation in the market.

Easy tracking of shipments: IEC enables the tracking of shipments and facilitates smooth transactions.

Having an IEC, therefore, helps businesses in streamlining their import and export operations, making it a valuable asset for companies engaged in international trade.