How to Get IEC Code (Import Export Code) & How to Apply for It
IEC stands for Import Export Code or Importer Exporter Code which is represented by a 10 digit number issued by DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. Obtaining this code is mandatory for bonafide companies or individuals who want to start a business of import and export in Indian territory. For example, if you are exporting handloom from India to the United States, you won’t be able to do so without an IEC license.
Obtaining an IEC requires fulfillment of certain conditions and adherence to specific regulations. DGFT has several regional offices throughout India, and it is possible to obtain IEC from the nearest zonal or regional office.
Previously, the process was slightly long drawn, and people who wanted to apply for an IEC code online had to submit a digital signature which led to significant confusion. To avoid this, the DGFT (Director General of Foreign Trade) has made changes in the process of applying for IEC. Essential changes include:
- The PAN is now the IEC code. Thus, a seller can obtain only one IEC code obtained against one PAN.
Automatic PAN verification is enabled for ease of business.
- No digital signature will be required for filling up the IEC form.
The different steps involved in applying and acquiring Import Export Code (IEC) include:
- Application form for IEC is now available online
- An application should be made in form no. ANF 2A
- A bank account and PAN (permanent account number) and a valid mobile number are mandatory prerequisites for applying for an IEC
- Parts A, B, and D of an IEC application form are needed to be filled in and submitted for acquiring a new code
- A canceled cheque which states the candidate’s printed name or bank certificate.
Proof of address. You can include any of the following as proof of address:
- Rent agreement
- Lease Deed
- Electricity bill
- Telephone Landline bill
- Mobile Postpaid bill
- MOU Partnership Deed
- Aadhar Card | Passport | Voter Id
- Sale Deed
[In case the address proof is not in the name of the applicant firm, a No Objection Certificate(NOC) by the firm premises owner in favor of the firm along with the address proof is to be submitted as a single PDF document]
For assistance in filling up application form for IEC, every regional and zonal office has a PRO. The filling of application offline or online is not difficult as instructions are clear and doubtless.
Online forms are automatically submitted if they are filled in according to instructions that appear on your computer screen.
Issue and Dispatch
You will be sent an auto-generated IEC over e-mail or SMS along with a hyperlink to download and print the IEC.
Once the IEC reaches you, you become eligible for engaging in exporting and importing activities.