How to Get IEC (Importer Exporter Code)

Published on: Mon Feb 19 2024

Kapil Sharma

Bio (Reveal/Hide)

Kapil Sharma, a second-year Bachelor of Commerce (Honours) student at Shaheed Bhagat Singh College, University of Delhi. Beyond academics, I'm a freelance writer with publications in Asiana Times. My journey blends commerce and creativity as I navigate both the academic and freelance worlds, contributing my unique perspective to each endeavor.

An IEC (Importer Exporter Code) is a mandatory 10-digit alpha-numeric code required for any individual or entity in India engaged in import or export activities. The process to obtain an IEC code is fairly straightforward and can be done online through the Directorate General of Foreign Trade (DGFT) website.

Here's a step-by-step guide:

Step 1. Visit the DGFT website: https://www.dgft.gov.in/

Step 2. Click on "Services": You'll find this tab on the homepage.

Step 3. Select "IEC Profile Management": This will open a new page with options for applying for and managing your IEC.

Step 4. Choose "Apply for IEC": You'll be directed to a registration page.

Step 5. Register or Login:

New Users: Click on "Register" and enter your details. You'll receive an OTP to verify your mobile number.
Existing Users: If you already have an account, enter your login credentials.

6. Complete the Application Form: Fill in the required information accurately, including details about your business entity, bank account, and PAN card.

7. Submit Documents: Upload scanned copies of your PAN card, bank account details, and any other relevant documents.

8. Pay the Fee: An online payment gateway allows you to pay the application fee (currently Rs.500).

9. Submit Application: Once everything is filled and verified, click "Submit Application".

10. Verification and Issuance: DGFT will verify your application and documents. If approved, your IEC code will be issued within 10 working days. You can track the application status online.

Additional Points

GSTIN Integration: If you have a GSTIN, you can use it instead of applying for a separate IEC code.
Printing IEC Certificate: After receiving your IEC code, you can download and print the certificate from the DGFT website.
Professional Assistance: Consider seeking help from a professional if you require assistance with the application process or have any specific questions.

FAQs

Is IEC Mandatory?

Yes, an Importer Exporter Code is mandatory for any business who is involved in Imports and Exports. Any business cannot export/import without this code.

2. What is the renewal period of the IEC?

An IEC is valid for the lifetime of the Business.

Key Scenarios Where the Automated GST Refund Calculator Simplifies Your Work

The GST regime of India has streamlined the tax processes , but calculating GST refunds continues to be a complex task. Whether you are a tax professional, businessman, or exporter, such refunds can be a challenging and time-consuming affair. Here we come. We have developed India’s first API-based automated GST refund calculator, wherein one can calculate their refund just within 2 minutes.

Export Development and Promotion of Spices

India has a long history of being recognized as the "Land of Spices." However, it boasts of a diversified spice heritage and carries a good market position in the international scene. To sustain and upgrade India's market superiority in international trade in spices, the government undertaken the Export Development and Promotion Scheme. .This article will explore the various aspects of the Export Development and Promotion Scheme, objectives it aims to achieve, and initiatives undertaken for Indian spices across the world.