Expand your business globally. Mandatory license for all import and export activities in India.
The Import Export Code (IEC) is a key business identification number which is mandatory for export from India or import to India. It is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India.
No person shall make any import or export except under an IEC Number granted by the DGFT. It is a 10-digit code with lifetime validity. With Taxcrafted Solutions, you can obtain your IEC seamlessly, ensuring your business is ready for the global market.
Simple steps to take your business international.
Common queries about Import Export Code (IEC).
Yes, Import Export Code (IEC) is mandatory for anyone looking to start an import/export business in India. It is required by customs authorities to clear shipments and by banks to transfer foreign currency. However, it is not required for personal use imports.
No, the IEC code has lifetime validity. Once issued, it does not expire. However, it is now mandatory to update your IEC details annually on the DGFT portal (between April and June) to keep it active, even if there are no changes.
Yes, an individual acting as a Proprietor of a business can obtain IEC in their name or their firm’s name. The PAN card of the individual will be used for registration.
Unlike GST or Income Tax, there are no monthly or annual returns to be filed specifically for IEC. The only compliance requirement is the annual updation/confirmation of details on the DGFT portal.
You need a PAN Card (Individual/Firm/Company), Aadhaar Card (of the proprietor/partners/directors), a Cancelled Cheque from the business current account, and proof of business address (Rent Agreement/Electricity Bill).
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