What is an Import Export Code
The Import Export Code, or IEC, is a unique code issued by the Directorate General of Foreign Trade (DGFT). It is linked to your PAN and is required for most businesses that import goods into or export goods out of India. Without it, customs and banks generally will not process your international trade transactions.
Who needs an IEC
Any business or individual planning to import or export goods, and in many cases services, needs an IEC. It is a one-time registration tied to your PAN and does not need frequent renewal, though details should be confirmed and updated periodically as required.
Benefits of having an IEC
- Enables legal import and export of goods
- Required by customs to clear shipments
- Needed by banks to process foreign payments
- Unlocks export-related benefits and schemes
- Builds credibility with international partners
Documents commonly required
- PAN of the business or individual
- Identity and address proof
- Business registration or incorporation documents
- Bank account details and a cancelled cheque
- A passport-size photograph where required
The process in brief
The IEC application is filed online with the DGFT along with the documents and details of your business and bank account. Once verified, the IEC is issued, usually within a short time. After that, you are ready to begin importing or exporting.
How Aidwish helps
Aidwish obtains your IEC quickly, advises on export documentation and any product-specific requirements, and connects it to your overall setup — so your import-export business starts smoothly.