What is the Import Export Code?
The Importer Exporter Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, Government of India. It is a mandatory requirement for any business entity involved in importing or exporting goods and services from India. The IEC serves as the primary identifier for these transactions and is essential for businesses to engage in international trade.
The process of obtaining an IEC is straightforward, and once issued, it is valid for the lifetime of the entity without the need for renewal. This ensures that businesses can operate seamlessly without the hassle of periodic renewals. The IEC not only facilitates smoother trade transactions but also helps businesses establish their presence in the global market, enabling them to expand their operations beyond national borders.
Lifetime Validity of Import Export License
Once issued by the DGFT, your Importer Exporter Code (IEC) requires no renewal. It comes with lifetime validity, offering distinct business operational advantages:
One-time Registration
Save time, resources, and administrative effort on periodic renewals.
Cost Effective
Eliminate recurring government maintenance fees or late compliance penalties.
Hassle-Free
Focus entirely on growing your international business, not on tracking filing deadlines.
Eligibility Criteria
Legal Entity
Proprietorships, Partnerships, LLPs, Private/Public Companies, Trusts, HUFs, or Societies are all eligible.
PAN Card
A valid Permanent Account Number (PAN) issued by the Income Tax Department is mandatory.
Bank Account
Must hold a valid current bank account in the legal name of the applying business entity.
Required Documentation
Identity proof, address proof, and proof of entity establishment must be submitted as per organization structure.
Single IEC Rule
An entity cannot apply for a new IEC if a code is already registered against the same Permanent Account Number (PAN).
Benefits of Import Export Code (IEC)
1. Expansion of Business
Global Market Access: Instantly unlock access to international markets for selling your goods and services. Explore new global product partnerships.
2. No Return Filing
Simplified Compliance: Once registered, there are no requirements for submitting monthly or annual returns to DGFT, ensuring low administrative costs.
3. Government Benefits
Export Incentives: Claim customs refunds, duty drawbacks, and benefits under schemes like MEIS, SEIS, or EPCG, facilitating custom clearances.
4. Banking Facilitation
Foreign Currency Accounts: Mandatory for processing foreign inward and outward commercial remittance payments through banks.
5. Recognition & Credibility
Serves as official, government-backed recognition of your legitimacy as an international trader, enhancing global brand image.
6. Reduced Illegal Activity
Promotes complete legal compliance, transparency, and tracking of cross-border shipments, preventing illegal trade.
Restricted Goods in India
Certain items require special permission, licensing, or quarantine clearance from specific ministries before they can be imported or exported:
- Agricultural: Certain crop seeds (Ministry of Agriculture) and restricted pesticides.
- Animal Products: Live animals (AQCS permit) and meat items.
- Chemicals: Regulated toxic compounds and Ozone Depleting Substances.
- Drugs & Pharma: Narcotics (NCB) and specific DCGI medicines.
- Precious Metals: Bulk gold, silver, and conflict diamonds.
- Electronics: Cryptographic equipment and unmanned aerial vehicles (Drones).
- Arms & Ammo: Firearms and ammunitions (requires MHA approval).
- Automobiles: Vintage cars and specific vehicle engines/spares.
- Textiles: Specific silk and wool blends.
- Miscellaneous: Cultural artifacts and historical antiques.
How to Apply for Import-Export License Online
1
Visit DGFT Portal
Go to the online portal of DGFT and click on the 'Apply for IEC' tab.
2
Fill Applicant Details
Fill in basic applicant details (Name, mobile, email). Enter the OTP sent to verify contact information.
3
Enter Business Details
Submit business information, including establishment date, PAN, bank account details, and branch listing.
4
Pay Application Fee
Pay the requisite government application fee securely using electronic fund transfer.
5
Upload Required Documents
Upload digital scanned copies of PAN card, address proof, bank cheque, and signatory photo.
6
Submit Application Form
Submit the completed form. A unique Ecom Reference Number will appear on your screen for tracking.
7
Print & Submit to DGFT
Keep a print copy of the application form and submit it to the regional DGFT office in your jurisdiction if requested.
Verification & IEC Issuance
Following successful verification, the DGFT issues the 10-digit Importer Exporter Code within 3 to 7 working days.
Hassle-Free Processing with CharteredZone
CharteredZone will smoothly execute the import-export license online registration process for you. Our dedicated representatives will file the IEC application on your behalf. Post the submission; we would be doing the necessary coordination with the DGFT for expediting your application. We will ensure you receive your import-export license in just a few days.
Fast Turnaround
Get your registration completed in 24 to 48 working hours with direct processing on the DGFT gateway.
Transparent Fees
Clear pricing on government fees and consultant services. No hidden charges or surprise costs.
End-to-End Support
From document checking to final certificate dispatch, we manage the full compliance process on your behalf.
