IEC Registration

An Import Export Code (IEC) is a 10-digit mandatory identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce. It is the fundamental prerequisite for anyone wishing to start an import/export business in India. Without a valid IEC, customs authorities will not clear your shipments, and banks will not process your inward or outward foreign currency remittances. Whether you are an individual freelancer exporting services, a small trader importing goods from China, or a large-scale manufacturer, securing an IEC opens the doors to the global market, allowing you to scale internationally while remaining fully compliant with India's foreign trade policies.

The eligibility to apply for an Import Export Code is intentionally broad to encourage foreign trade. 1. Any Business Structure: An IEC can be obtained by any legal entity in India. This includes Sole Proprietorships, Partnerships, Limited Liability Partnerships (LLPs), Private Limited Companies, Public Companies, Trusts, and NGOs. 2. Individuals & Freelancers: Interestingly, even an individual can apply for an IEC in their own name using their personal PAN card. This is highly beneficial for freelancers exporting software services, individual artisans exporting handicrafts, or individuals importing specialized equipment. 3. Mandatory Prerequisites: The applicant must possess a valid Permanent Account Number (PAN) issued by the Income Tax Department, as the IEC is now a PAN-based registration (the 10-digit PAN acts as the IEC). Additionally, the applicant must have an active Current or Savings Bank Account in a recognized bank dealing in foreign exchange, and a valid mobile number and email ID linked to the Aadhar card of the proprietor/director for OTP verification.