Yes. An Importer-Exporter Code (IEC) is mandatory for import to India or export from India. It is a significant business identification number for an import/export business. A person/entity cannot export or import without obtaining an IEC unless specifically exempted. However, IEC is not necessary for services exports, except when the service provider is taking benefits under the Foreign Trade Policy.

Once the online application is submitted by paying the appropriate fees and requisite documents, IEC will be auto-generated. The DGFT will send an intimation regarding the allotment of IEC to an applicant through an SMS and e-mail along with a hyperlink through which the e-IEC can be downloaded and printed.

Yes, individuals acting as proprietors of a business can obtain IEC registration. Individuals can use either the name or the name of their company to apply for IEC registration.

You can take print out of your IEC certificate by the below process:

• Visit the DGFT Website.
• Click on the ‘Services’ tab on the homepage.
• Select the ‘IEC Profile Management’ option from the drop-down list.
• A new page will open. Click on the ‘Print IEC’ option on the page.
• Verify your details and click on the ‘Print IEC’ button.

Yes. It is mandatory to update the IEC profile every year. In case of non-updation of the IEC profile, it will be deactivated. A deactivated IEC can be reactivated upon its successful updation. However, reactivation is subject to the condition that any other action should not be taken for violation of any provisions of the Foreign Trade Policy.

A Digital Signature Certificate (DSC) is not compulsory to apply for an IEC. The IEC application can be signed through Aadhaar authentication. DSC has been introduced in IEC to strengthen the IEC issuance and modification processes.

An Importer -Exporter Code (IEC) is crucial business identification number which mandatory for export from India or Import to India. Unless specifically exempted, any person shall make no export or import without obtaining an IEC.

All importers must mention their IE Code while clearing customs when their goods arrive in India. All exporters must mention their IE Code while exporting their goods from India. Additionally, RBI now requests persons importing or exporting services mention IE Code in foreign remittances in a bank account. Therefore, IE Code is required for anyone involved in import or export in India.

No. IE Code is not a tax registration. So no tax is levied based on IE Code during import or export of goods or services. However, customs duty may be levied.

Any person who proposes to import or export goods and services from or to India must obtain IE Code.

Yes, individuals acting as Proprietors of a business can obtain IE Code Registration.

To obtain IE Code registration, a copy of the PAN Card, proof of address of the business, and constitution of the business [Partnership deed, Incorporation Certificate, etc.] and a letter from the banker are required.

IE Code Registration can be obtained from the DGFT in 10-15 working days after submission of all required documents and applications.

No. Returns need NOT be filed for IE Code.

IE Code is valid for the lifetime of the entity and renewal is also not necessary.