In the era of competitive business environment every business person wants to grow more. Every business person who has the great mindset and wants fame with their product, they never want to stay limited into a single country, they want to explore more in order to expand their sale around the world. So in order to being a worldwide known business person they has to do export as much as they can and also has to fulfill the compliances but as we know there are lots of compliances to be fulfill for export the things globally there are also one thing which is very necessary to have to initiate the export and that is Importer-Exporter code (IEC)

So here in this article we are going to know about the necessity, benefit and the process to register the IEC code. Importer-Exporter code (IEC) is the most important things for them who are going to start Importing and exporting, if we talks about the validity of the IEC code it will last for the life time once it is created. IEC code is issued by the DGFT (director General of foreign trade) the export merchants can’t avail the benefits from the DGFT and also merchants can’t export without the DGFT code.

Situations where is the IEC is required to have.

• The bank will ask for the IEC when any Importer sends money abroad.
• The IEC will be needed by the custom port when the exporter sends their shipments.
• IEC will be required by the custom authority if any importer has to clear their shipment from the custom port.
• The bank will ask for IEC if the exporter receives money in the foreign currency into the bank.

Benefits of having IEC code

No need to file returns: – There is no need to file any return, even export transaction and also no need to file any return with the DGFT.

Easy processing: – it is very easy to obtain the IEC code from DGFT within the period of 10-15 days after the submission of application and also there is no need to provide proof of Import and Export.

Expansion of business: – IEC is the one of the only thing which helps the exporters to expand their product or service globally and grow the nature of business.

No need to renewal of the code: – If once the IEC has created then no need to renew this again as it will be last for the lifetime. And it is always use for the purpose of export and import transaction.

What documents required to apply for the IEC: – these following documents are required to register the IEC code.

: – There is no need to file any return, even export transaction and also no need to file any return with the DGFT.

No need to file returns: – There is no need to file any return, even export transaction and also no need to file any return with the DGFT.

Easy processing: – it is very easy to obtain the IEC code from DGFT within the period of 10-15 days after the submission of application and also there is no need to provide proof of Import and Export.

Expansion of business: – IEC is the one of the only thing which helps the exporters to expand their product or service globally and grow the nature of business.

No need to renewal of the code: – If once the IEC has created then no need to renew this again as it will be last for the lifetime. And it is always use for the purpose of export and import transaction.

What documents required to apply for the IEC: – these following documents are required to register the IEC code.

it is very easy to obtain the IEC code from DGFT within the period of 10-15 days after the submission of application and also there is no need to provide proof of Import and Export.

No need to file returns: – There is no need to file any return, even export transaction and also no need to file any return with the DGFT.

Easy processing: – it is very easy to obtain the IEC code from DGFT within the period of 10-15 days after the submission of application and also there is no need to provide proof of Import and Export.

Expansion of business: – IEC is the one of the only thing which helps the exporters to expand their product or service globally and grow the nature of business.

No need to renewal of the code: – If once the IEC has created then no need to renew this again as it will be last for the lifetime. And it is always use for the purpose of export and import transaction.

What documents required to apply for the IEC: – these following documents are required to register the IEC code.

: – IEC is the one of the only thing which helps the exporters to expand their product or service globally and grow the nature of business.

No need to file returns: – There is no need to file any return, even export transaction and also no need to file any return with the DGFT.

Easy processing: – it is very easy to obtain the IEC code from DGFT within the period of 10-15 days after the submission of application and also there is no need to provide proof of Import and Export.

Expansion of business: – IEC is the one of the only thing which helps the exporters to expand their product or service globally and grow the nature of business.

No need to renewal of the code: – If once the IEC has created then no need to renew this again as it will be last for the lifetime. And it is always use for the purpose of export and import transaction.

What documents required to apply for the IEC: – these following documents are required to register the IEC code.

: – If once the IEC has created then no need to renew this again as it will be last for the lifetime. And it is always use for the purpose of export and import transaction.

No need to file returns: – There is no need to file any return, even export transaction and also no need to file any return with the DGFT.

Easy processing: – it is very easy to obtain the IEC code from DGFT within the period of 10-15 days after the submission of application and also there is no need to provide proof of Import and Export.

Expansion of business: – IEC is the one of the only thing which helps the exporters to expand their product or service globally and grow the nature of business.

No need to renewal of the code: – If once the IEC has created then no need to renew this again as it will be last for the lifetime. And it is always use for the purpose of export and import transaction.

What documents required to apply for the IEC: – these following documents are required to register the IEC code.

: – these following documents are required to register the IEC code.

  • Pan card of the applicant Ex:- individual, firm or company
  • Aadhar card and passport copy of individual.
  • Cancel cheque copies of current bank account of individual’s company’s or firm’s
  • Copy of the rent agreement or electricity bill of the business.

A self-addressed envelope for delivery of the IEC code by the post which is registered

Steps for the registration of IEC code

Step 1: – Application form 

There is a form named by Aayaat Niryaat Form ANF-2A which we have to prepare for the application in the specified format and then we have to file the form with the respective religion office of DGFT.

Step 2: – Documents

Second thing is we have to prepare the document for the purpose of attachment with the form ANF2A just for the respect to Identity, legal entity, address proof, with the bank details.

Step 3:- Filing application

After the completion of the application we have to file it with DGFT by the DSC (digital signature certificate)

Step 4: – IEC code

And then after filing of required application and the application will be approved you will get the IEC code in soft Copy by government.