🌐 Importer-Exporter Code (IEC) –

Gateway to Global Trade At Kumar and Association, we help businesses obtain their Importer-Exporter Code (IEC) — a mandatory identification number issued by the Director General of Foreign Trade (DGFT) for businesses engaged in import or export of goods and services from India.

📄 What is IEC?

An Importer-Exporter Code (IEC) is a unique 10-digit number required for conducting import/export activities. No person or business can import or export without an IEC, unless specifically exempted. For service exports, IEC is not mandatory unless the exporter avails benefits under the Foreign Trade Policy (FTP).

With the introduction of GST, the IEC number is now the same as the PAN of the applicant, though it is still issued by the DGFT upon application.

🧾 Who Can Apply?

IEC can be obtained by any type of business structure including:

Sole Proprietorships

Partnerships

LLPs

Private/Public Limited Companies

Trusts, HUFs, and Societies

📋 IEC Registration –

Prerequisites To apply for IEC, your business must have:

A valid PAN

A current bank account in the firm’s name

A valid address (may be verified by DGFT)

Basic documents such as PAN card, address proof, and bank details

✅ Key Benefits of IEC Registration

🌍 Access to International Markets:

IEC unlocks global opportunities by making it legally possible to trade beyond Indian borders.

🖥 100% Online Process: Registration is simple, digital, and requires minimal documentation.

📆 Lifetime Validity: Once obtained, IEC is valid for life—no renewals or periodic filings required.

🔐 Enhances Legal Trade: The strict document requirements ensure authenticity and curb illegal trade.

💸 Tax and Export Benefits: IEC holders can claim tax exemptions, refunds, and government subsidies through schemes under Customs, EPCs, and GST.

📊 Zero Compliance Burden: Unlike other registrations, no annual compliance or return filings are required under IEC.