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Home Guidance & Provisons for Exports Guide to Obtaining IEC Code
Guide to Obtaining IEC Code  Guide to Obtaining IEC Code

Foreign Exchange Update through SMS &
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Basic Guidance on How to Export
1.        What is IEC?
Export Benefits
IEC or Importer Exporter Code is unique 10 digit code issued byDGFT – Director Foreign Trade Policy
General of Foreign Trade, Ministry of  Commerce, Government of India to Indian
Companies and individuals to enable them carry International Trade. GST & Exports

2.        Why is IEC required?

To import or export in India, IEC Code is mandatory. No person or entity shall make
any Import or Export without IEC Code Number, unless specifically exempted.

3.        Who can get IEC?

An individual or a company who wants to do international business can get an IEC.

Individuals can use either the name of their company or their name directly to apply
for IEC.

4.        Who issues IEC?

 
IEC is issued by Directorate General of Foreign Trade (DGFT) which is under
Ministry of Commerce.

5.        What is the fee for IEC?

Application fee to get IEC is Rs. 500/-

6.        What is the validity of IEC?

 
An IEC allotted to an applicant shall have permanent validity.

7.        Is there any Application form for applying IEC?

Yes. Application has to filed in ANF 2A format for grant of IEC

8.        Where I can find application for applying IEC?

·                 Go to www.dgft.gov.in/         
·                 Go to IEC (How to apply IEC)          
·                 Select Manual application to get ANF 2A
 9.      What is the technical requirement for filing an IEC?
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Changes in IEC with the introduction of GST
 

·             As a measure of ease of doing business, it has been decided to keep the identity of an
entity uniform across the Ministries/Departments. Henceforth, PAN of an entity will
be used for the purpose of IEC, i.e., IEC will be issued by DGFT with the difference
that it will be alpha numeric (instead of 10 digit numeric at present) and will be same
as PAN of an entity.
 

·           For new applicants, w.e.f. 12.06.2017, application for IEC will be made to DGFT and
applicant’s PAN will be authorized as IEC. For residuary categories under Para 2.07
of HBP 2015-20, the IEC will be either UIN issued by GSTN and authorized by
DGFT or any common number to be notified by DGFT.
 

·      Further, for existing IEC holders, necessary changes in the system are being carried out
by DGFT so that their PAN becomes their IEC. DGFT system will undertake this
migration and the existing IEC holders are not required to undertake any additional
exercise in this regard. IEC holders are required to quote their PAN (in place of
exisiting IEC) in all their future documentation, w.e.f. the notified date. The legacy
data which is based on IEC would be converted into PAN based in due course of
time.
 

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