What is IEC?
IEC (Importer Exporter Code) is a 10-digit code issued by DGFT
(Director General of Foreign Trade), Department of Commerce, Government of India
to Indian Companies. This code is mandatory for export from India or import to
India. No person or entity shall make any Import or Export without IEC.
- Issued against the PAN of a company, firm, or proprietorship
- One PAN can have only one IEC
- Lifelong validity, no renewal required
- Mandatory for export/import transactions
- Quoted on all import/export documents (shipping bills, bills of entry, etc.)
Key Points
- Mandatory for import/export
- 10-digit unique code
- Issued against PAN
- Lifelong validity
- Annual update required
Eligibility
- Individuals with valid PAN card
- Private/Public Limited Companies, LLPs, Partnership Firms,
Proprietorships
- Trusts, Societies, NGOs, and other legal entities with PAN
registration
Note: IEC is issued against the PAN
of the applicant. One PAN can have only one IEC.
Modification & Management of IEC
If there is any change in the details of the IEC holder (address, phone, email,
bank details, etc.), update online through the DGFT website.
- Change of Address
- Change of Phone Number/Email
- Change of Bank Details
- Change of Directors/Partners
- Change of Name of the Entity
Annual Compliance
All IEC holders must update their IEC details online every year during
April-June. Failure to update will result in deactivation. Reactivation requires
updating details and paying a fee of Rs. 200/-.
Cancellation of IEC
IEC holders can surrender their IEC by applying for cancellation through the
DGFT website.
Why Choose JB Export Services
Consultants?
- Experienced Team: Years of experience
handling IEC applications for all entity types.
- Quick Turnaround: Fast processing with
minimal hassle.
- Document Assistance: Help preparing all
required documents in the correct format.
FAQs & Benefits
- IEC is mandatory for all import/export activities
- Easy online application and modification process
- Single code for lifetime, no renewal required
- Annual update ensures compliance