What is Import/Export License?

An Importer Exporter Code (IEC) refers to a business identification number that is mandatory for exporting any product from India or import to India. Any person is not allowed to import or export without getting an IEC. An individual or a business entity needs a 10 digit code for importing or exporting products or services. This code is issued by the DGFT, Ministry of Commerce and Industries, Government of India.

When is the IEC Registration required?

  1. The custom authorities ask for it to clear any shipments during imports.
  2. The bank requires the IEC to transfer money when imports are made.
  3. The IEC is required during the export of a shipment too.
  4. As similar to the import, the bank needs IEC when an exporter receives payment in foreign currency. to receive payments in foreign currency.

Documents required for obtaining IEC Registration (Import Export Code)

  1. Copy of a PAN Card of an individual/firm/company
  2. Copy of individual’s Voter ID/Aadhar Card/Passport
  3. A self-addressed envelope for delivery of IEC certificate by registered post
  4. Copy of canceled cheque of current bank account associated with an individual/firm/company

How to get Import/Export Code (IEC) in India?

1. Filling the Application Form
The very first step is to fill an application form – Aayaat Niryaat For ANF0-2A format and file the same with your respective Regional Office of DGFT.
2. Documents
Secondly, you will require certain documents as proof of your identity & legal entity as well as your bank details with address proof. Also, you will need a certificate in respect of ANF2A.
3. Filling Application
Once the application is completed, you just need to file with DGFT via DSC (Digital Signature Certificate) and pay the fee for the IEC registration.
4. IEC Code
After all is done, you’ll receive the Import Export Code (IEC) in a soft copy from the government.

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