Import & Export Code | VKH & ASSOCIATES

An IEC, or Import Export Code, is a mandatory requirement for businesses in India that engage in international trade (import or export of goods or services). Here's a breakdown of key details for IEC registration:

Benefits of IEC Registration:

Authorization for Trade: Enables you to import or export goods or services legally.
Customs Clearance: Simplifies the customs clearance process for your imports and exports.
Credibility and Trust: Signals adherence to regulations and can enhance your reputation with international partners.
Eligibility for Schemes: May qualify you for specific government schemes and benefits related to international trade.

Mandatory for Most: Most businesses involved in import or export, including individuals, companies, and partnerships, require an IEC.
Exceptions: A few exceptions exist, such as exporters of handicrafts with a value below ₹25 lakh per year.

IEC registration is entirely online through the DGFT (Director General of Foreign Trade) portal: https://dgft.gov.in/CP/iec-profile-management

Here's a simplified overview:

Visit the DGFT IEC profile management portal.
Click on "Apply for IEC."
Register yourself or your company on the portal.
Fill out the online application form, selecting the appropriate category (manufacturer, merchant exporter, etc.).
Upload scanned copies of required documents (mentioned below).
Pay the processing fee.
Submit the application form and uploaded documents.
The DGFT might conduct a verification process.
Upon approval, you'll receive your IEC electronically.

PAN Card: Mandatory for all applicants (individual or company).
Aadhaar Card: While not always mandatory, it can expedite the process.
Cancelled Cheque: With bank account details pre-printed for verification.
Company Registration Documents (if applicable): Certificate of Incorporation/Partnership Deed for companies/firms.
Authorization Letter (if applicable): For individuals applying on behalf of a company.

Important Note:

The DGFT website provides the most up-to-date information on the application process, document requirements, and any specific details that might apply to your situation.
Processing timelines can vary, so factor that in when planning your import or export activities.