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Quick Links
- Policy Info
- Union Budget 2021-22
- Import Export Code (IEC)
- All Industry Duty Drawback Rates
- Certificate of Origin
- Export Promotion Schemes
- Foreign Trade Policy Key Highlights 2015-20
- Foreign Trade Policy Statement 2015-20
- Foreign Trade Procedure 2015-20
- Movement Of An Export Consignment From Factory Onwards
- Standard Input Output Norms (SION)
- SEZ Scheme & Benefits
- Useful Link
- Goods And Service Tax (GST) In India
- HS Codes
- Interest Equalisation Scheme
- How to Export & Import
- Incentive Schemes of MEITY
Obtaining Import Export Code (IEC)
An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted. For services exports however, IEC shall be not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.
Consequent upon introduction of GST, IEC being issued is the same as the PAN of the firm. However, the IEC will still be separately issued by DGFT based on an application. The nature of the firm obtaining an IEC may be any of the follows- Proprietorship, Partnership, LLP, Limited Company, Trust, HUF, Society.
As per the Foreign Trade Policy, it is mandatory to obtain IEC for export/import from India. Para 2.05 of the FTP, 2015-20 lays down the procedure to be followed for obtaining an IEC, which is PAN based.
An application for IEC is filed online at www.dgft.gov.in as per ANF 2A, online payment of application fee of Rs. 500/- through net Banking or credit/debit card is made along with requisite documents as mentioned in the application form.