IEC Registration/import export code registration

IEC Registration / Import Export Code Registration

Start Your International Trade Journey with Tax Pal Solutions
Obtain your Import Export Code (IEC) online quickly and compliantly. Our expert guidance ensures a smooth, hassle-free registration to kickstart your import-export business in India.

What is IEC Registration?

An Import Export Code (IEC) is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT). It legally authorizes individuals and businesses to import or export goods and services in India.

Without IEC, you may face:

• Customs clearance issues
• Business penalties
• Restrictions on international trade
• Ineligibility for export incentives

Types of IEC Registration in India

Choose the IEC type based on your business structure:

• Sole Proprietors – IEC issued in the individual’s name; requires PAN and address proof.
• Partnership Firms – Requires partnership deed, firm PAN, and address proof.
• Limited Liability Partnerships (LLPs) – Submit registration certificate, PAN, and address proof.
• Private Limited Companies – Incorporation certificate, company PAN, registered office proof.
• Public Limited Companies – Incorporation certificate, PAN, registered office proof.
• Trusts – Trust deed, PAN, and address proof.
• Societies – Society registration certificate, PAN, and address proof.
• HUFs (Hindu Undivided Families) – PAN of HUF and address proof.

Objectives of IEC Registration

• Regulate cross-border trade
• Maintain records of foreign trade transactions
• Facilitate export incentives and government schemes
• Prevent illegal trading and smuggling
• Enable smooth foreign exchange transactions
• Ensure compliance with international trade agreements

Quick Facts About IEC

Benefits of IEC Registration

• Legal Authorization – Operate internationally without legal barriers
• Banking Benefits – Open foreign currency accounts and access trade finance
• Duty Benefits – Eligible for MEIS, duty drawbacks, and export incentives
• Global Credibility – Enhance reputation with international clients
• Customs Efficiency – Faster clearance at ports and borders
• Market Access – Apply for government tenders requiring IEC credentials

Eligibility Criteria

• Must be an Indian resident or registered business entity
• Active bank account in India
• Valid PAN card
• Legitimate business address with proof
• Accurate contact information for verification

Documents Required

• IEC Registration Application Form
• PAN Card (mandatory)
• Address proof (Aadhaar, Voter ID, Utility bills)
• Business registration documents (Partnership Deed / MOA / AOA / Certificate of Incorporation)
• Bank certificate / Cancelled cheque
• Passport-size photograph of applicant / directors
• Digital Signature Certificate
• Additional documents based on entity type (Proprietorship, LLP, Companies, Trusts, NGOs)

Step-by-Step Application Process

1. Preparation & Research

   • Choose your business structure

   • Verify PAN and address details

   • Prepare scanned documents

2. Online Application Submission

   • Register at DGFT portal

   • Fill IEC application form (ANF-2A)

   • Upload required documents

   • Pay ₹500 government fee

3. Post-Submission Verification

   • DGFT reviews documents

   • May request clarifications

4. IEC Certificate Issuance

   • Digital IEC certificate is generated

   • Download PDF and keep a printed copy

IEC Registration Fees & Penalties

Validity & Annual Update

• IEC is valid for a lifetime
• Annual update required on DGFT portal (April–June)
• Failure to update may lead to deactivation

Grounds for IEC Suspension

• Non-compliance or late updates
• Submission of false documents
• Violating foreign trade policy or customs rules
• Trading in restricted/prohibited items
• Engaging in foreign exchange irregularities

IEC Registration Certificate

The IEC certificate is a legal requirement for international trade, ensuring:

• Customs clearance
• Bank transactions in foreign currency
• Eligibility for export incentives
• Recognition as a legitimate trader

Download Your IEC Certificate:

1. Login to DGFT portal
2. Go to My IEC dashboard
3. Select Print/Download Certificate
4. Save as PDF and print for records

Start Trading Internationally with Tax Pal Solutions

With Tax Pal Solutions, your IEC Registration is quick, compliant, and hassle-free. Get ready to expand your business globally with confidence!