Import Export Code

Import Export Code


IEC code also known as Import Export code is provided by DGFT ( Director General of Foreign trade. It is a 10 Digit Number and provided once. At a time, a PAN Card can have only 1 IEC Code.

IEC is known as many names like Importer Exporter code, Import Export Code, Import Export Licence, Import Licence, Export Licence, Import Export Number, Import Number, Export Number, IEC Code etc. IEC is compulsorily required for Import or Export of any goods in and out for India. IEC is mandatory only in case of Commercial Import and Export activity. If you are sending any goods for personal use, IEC is not require. In case of Services also, IEC is only require when selling any service or know how which is restricted by Government of India. In normal Export of services, IEC is not require.. IEC code comes under the Foreign Trade Act, 1992..
IEC issued on PAN Number so if a company having more then one office then also only One IEC Code will applicable to all branches. No separate IEC require for each Branch.
From 1st April 2016, DGFT has stopped issuing any physical IEC certificate. Now IEC certificate came online only and status can be checked online. The new IEC is also known as e-IEC ( Electronic Import Export Code). There is no sign and stamp requirement on IEC certificate now.


Important Points

    - Bank Account and PAN is compulsory for getting IEC Code
    - IEC is valid for Lifetime until cancel.
    - There is no need to file any return and no need to file any renewal for IEC