The Import Export Code (IEC) is a key business identification number required for the import and export of goods and services from India. It's issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. Obtaining an IEC is a crucial step for businesses involved in international trade. Here's a detailed guide on how to obtain an IEC and its importance:

What is an Import Export Code (IEC)?

• Unique 10-Digit Code: The IEC is a 10-digit code that is required by anyone looking to start a business of importing or exporting goods or services.
• Mandatory for International Trade: Without an IEC, businesses cannot engage in the import/export of goods and services in India.

Who Needs IEC?

• Businesses Involved in Import/Export: Any person or business engaged in the import or export of goods or services must have an IEC.
• Individuals: Individuals who import or export goods for personal use and not connected with trade, manufacturing, or agriculture do not need IEC.

Exemptions:

Certain categories are exempt from obtaining an IEC, including:

• Ministries or departments of the central or state government.
• Importers/exporters of goods for personal use not connected with trade or manufacturing.
• Persons importing/exporting goods from/to Nepal and Myanmar through Indo-Myanmar border areas, provided the CIF value of a single consignment does not exceed ₹25,000.

Documents Required for IEC Registration

1. Personal or Business PAN:

   • A copy of the PAN card (Personal PAN for individuals, Business PAN for firms/companies).

2. Identity Proof:

   • Aadhaar Card, Voter ID, Passport, or Driving License.

3. Address Proof:

   • Rent agreement, lease deed, electricity bill, or bank statement.

4. Bank Account Details:

   • A cancelled cheque of the current bank account in the name of the individual or business entity.

5. Digital Signature Certificate (DSC) (optional but recommended):

   • Required for online application submission and authentication.