Importer-Exporter Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT) to individuals or entities involved in the export and import of goods and services from India. Obtaining an IEC is mandatory for businesses to engage in international trade. The DGFT, under the Ministry of Commerce and Industry, is responsible for regulating and promoting foreign trade in India.
In this step-by-step guide, we will walk you through the process of obtaining an IEC from DGFT in India.
Table of Contents
Step 1: Determine the type of IEC you need
As mentioned earlier, there are two types of IEC available – individual and company. You need to choose the one that suits your business needs. An individual IEC is issued to an individual or a sole proprietorship firm, while a company IEC is issued to a company, partnership firm, limited liability partnership (LLP), or any other type of legal entity.
Step 2: Check eligibility
Before applying for an IEC, you must check whether you are eligible. Any individual or legal entity engaged in the export or import of goods and services from India is eligible to apply for an IEC.
Step 3: Gather required documents
To apply for an IEC, you need to submit certain documents. These include:
- PAN card of the applicant
- Aadhaar card or passport of the applicant
- Bank certificate or cancelled cheque of the applicant’s bank account
- Photograph of the applicant
- Business address proof
- Memorandum of Association (MOA) and Articles of Association (AOA) (in case of a company IEC)
- Partnership deed (in case of a partnership firm)
- LLP agreement (in case of an LLP)
- Certificate of incorporation (in case of a company)
Step 4: Register on DGFT website
The next step is to create an account on the DGFT website using your PAN card details. Once you have registered, you will receive a user ID and password.
Step 5: Fill in the application form
Log in to your account and fill in the application form with the required details, including your personal and business details, type of IEC, and details of the goods and services you intend to export or import.
Step 6: Upload documents
Upload the required documents in the prescribed format. Make sure that the documents are clear and legible.
Step 7: Pay the application fee
Pay the application fee online using a credit card, debit card, or net banking. The fee for an individual IEC is Rs. 500, while the fee for a company IEC is Rs. 1,000.
Step 8: Submit the application
After completing all the required fields and uploading the necessary documents, submit the application form.
Step 9: Track the application status
You can track the status of your application online using your user ID and password. Once your application is processed, you will receive your IEC through email.
In conclusion, obtaining an Export Import Code from DGFT is a straightforward process if you follow these steps. Make sure that you have all the required documents ready and pay the application fee online to avoid any delays in the application process. For more information, you can visit the DGFT website at https://dgft.gov.in.
