The Import Export Code (IEC) is a unique identification number issued by the Directorate General of Foreign Trade (DGFT) in India. It is mandatory for businesses engaged in import or export activities.
Import Export Code
The Import Export Code (IEC) is a unique identification number issued by the Directorate General of Foreign Trade (DGFT) in India. It is mandatory for businesses engaged in import or export activities. The IEC facilitates customs clearance, international transactions, and compliance with foreign trade regulations, allowing businesses to consistently engage in global trade. An IEC is a single code applicable to all branches or divisions of a business.
To be eligible for an Import Export Code (IEC) in India:
- Business Entity: The applicant must be a registered business entity, such as a company, partnership, or sole proprietorship.
- Compliance: The entity must have a valid PAN (Permanent Account Number) and be compliant with tax and regulatory requirements.
- Application: Submit an application with necessary documents, including PAN, proof of business address, and bank details.
These criteria ensure proper registration for international trade activities.
- Business Entity: The applicant must be a registered business entity, such as a company, partnership, or sole proprietorship.
- Identification: Provides a unique identifier for businesses involved in import/export activities.
- Regulatory Compliance: Ensures adherence to Indian foreign trade policies.
- Customs Clearance: Essential for the clearance of goods through customs.
- Bank Transactions: Necessary for processing international bank payments related to trade.
- Identification: Provides a unique identifier for businesses involved in import/export activities.
Submission of Application:
- Submit an online application on the DGFT website.
Upload the Documents:
- PAN card of the business or individual
- Proof of address (such as Aadhar card, passport, voter ID)
- Bank account details with a cancelled cheque
- Digital photograph of the applicant
Fee Payment:
- Pay the required application fee online.
- Verification and Approval: The application is verified by the DGFT, and upon successful verification, the IEC is issued electronically.
- Submit an online application on the DGFT website.
- PAN card of the business or individual
- Proof of address (such as Aadhar card, passport, voter ID)
- Bank account details with a cancelled cheque
- Digital photograph of the applicant
- Expertise: Our team of experienced professionals has in-depth knowledge of DGFT procedures.
- Efficiency: We streamline the process to ensure quick and hassle-free IEC registration and modifications.
- Support: We provide continuous support and advisory services to help businesses stay compliant with regulations.
- Expertise: Our team of experienced professionals has in-depth knowledge of DGFT procedures.
Any business or individual involved in import or export activities in India is required to obtain an IEC. This code is essential for engaging in global trade and complying with foreign trade regulations.
Once the application is submitted and all details are verified, the IEC is typically issued electronically within a few weeks.
Yes, the IEC is a single code that applies to all branches or divisions of a business. There is no need for separate IECs for different branches.
Operating a business involved in import or export without an IEC is illegal and can result in penalties and delays in customs clearance and international transactions.
Legal Disclaimer
The information on this website is provided for general informational purposes only. It does not constitute legal or professional advice. We do not guarantee the accuracy, timeliness, or completeness of the information provided. You should always seek the advice of a professional consultant or attorney regarding your specific situation. Use of this website is at your own risk and subject to our Terms of Use.
SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
Cancellation & Refund Policy
S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:
• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.
• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.
• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.
Legal Disclaimer
The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
Shipping Policy - The Basics
A Shipping Policy is a legally binding document that establishes the legal relations between you and your customers. It provides a framework for outlining your obligations and addressing various potential issues that may arise, and what happens in each case.
A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.