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Import Export Code

Importer Exporter Code (IEC) is a unique 10 digit code issued by Director General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. To import or export in India, IEC is mandatory without which, no person or entity shall make any Import or Export.However, Persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture are exempt from obtaining IEC.

We at Balakrishna and Co., Bangalore help the entities to obtain new registration, amendment/ modification of existing registrations, etc. Our team is well versed with IEC, Foreign Trade Policy, etc. In case, you need these services, we would be glad to assist you. Please write to prasad@balakrishnaandco.com. Secondly, based on our past experience, we have short listed the most commonly asked questions by the companies regarding Import Export Code and Foreign Trade Policy. We are sure the following FAQs will answer most of your questions!

+ How to apply for IEC? How much time will it take to get IEC?

An application for grant of IEC number shall be made by the Registered/Head Office of the applicant to the nearest Regional Authority of Directorate General Foreign Trade. Only one IEC would be issued against a single PAN number.

+ What is the validity of IEC?

An IEC number allotted to an applicant shall be valid for all its branches/divisions/units/factories. It is valid for life. There is no renewal concept in IEC.

+ What documents are required for obtaining IEC? Is digital signature mandatory?

  • Application in ANF 2A of Handbook of Procedures (HBP) 2009-14 (Part A,B & D).
  • Demand Draft for Rs.250/-(Two Hundred and Fifty rupees only) drawn in favour of the "Jt.Director General of Foreign Trade, Hyderabad" payable at Hyderabad. Alternatively, fee payment can be made by EFT(Electronic Fund Transfer) or vide TR Challan in Appendix 21-A to be paid at Central Bank of India branches listed at Appendix-3 of HBP.
  • Certficate from the Banker of the applicant firm in the specified format at Appendix-18A.
  • Self certified copy of Permanent Account Number (PAN) issued by the Income Tax Authorities.
  • Three Copies of Passport size of the applicant.
  • Photograph on the banker's certificate should be attested by the Banker of the applicant.
  • A covering letter and the above documents may be kept secured in the file cover, duly page numbering all the documents.

+ What happens if IEC application is rejected?

In case the IEC application is rejected by the concerned DGFT RA, one can apply again.

+ Are there any monthly / annual returns to be filed?

No returns to be filed.


Other registration required to start the business :

Want to consult us?

  • Ph: 9845721255 / 9448080886,
  • Balakrishna & Co|Chartered Accountants,
  • # 24,3rd Floor, Above State Bank of India,
  • 10th Cross, Wilson Garden, Bangalore - 27.

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