Import Export Code Registration India – Import Export Code (IEC) is required to be obtained compulsorily by Importers and Exporters, before they can import or export any goods or services. Import Export Code is a 10 digit code issued by the Director General of Foreign Trade and forms primary document recognized by Govt of India as an Importer and Exporter. Further on the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, Customs, Export Promotion Council etc.
The application to DGFT is required to be made in prescribed format, accompanied with a letter on a letter head, PAN, Fees of Rs 250, Certificate from Bank and Two photographs. The IEC Code is normally issued within 2 days time and the status can be tracked online, over DGFT website. These days, online application form “2NF2A” is also available, which should be accompanied with \ Appendix-18B.
IEC is regulated by The Foreign Trade (Development and Regulation) Act, 1992 and the Foreign Trade Procedures as prescribed thereunder.