What is the Import Export Code (IEC)?
What is the meaning of the IEC (Import Export Code) License in India?
Import Export Code (also known as IEC code) is a 10 digit identification number that is issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is also known as Importer Exporter Code. Companies and businesses must obtain this code to start a business that deals with import and export in the Indian Territory. It is not possible to deal with export or import business without this IEC code.
There are certain processes and conditions that you need to fulfill to obtain the Import Export Code(IEC code). You also need to adhere to certain regulations. Once you fulfill the conditions, you can get the IEC code from the DGFT offices. It has several regional offices throughout the country.
You can get it from the nearest zonal or regional office. We have covered this topic in the past about how to apply for IEC code and what are the documents that are required for the application. Here we compile the information in brief.
How Can You Obtain the IEC Code?
In order to apply and get the Import Export Code in India, there are certain processes to follow. Every applicant must follow these steps.
- You need to fill the application form for IEC online on the DGFT website.
- Go to www.dgft.gov.in and click on ‘Apply for IEC’
- Fill in all details to register as a new user.
- You will receive an OTP on your mobile number and email id for verification.
- After verifying your mobile and email, a username and password will be sent to your registered email id. Log in with these credentials.
- After you log in to your account, select ‘Apply IEC (Import Export Code)’
- Next, click on ‘Start Fresh Application’
- Fill all details asked and upload required documents
- After submitting the application, pay the application fee of INR 500.
- Post payment approval, you will receive the IEC certificate in your registered email.
After you get the IEC (Import Export Code) code, you can engage in exporting and importing businesses.