IEC Registration Process:

Eligibility: Any individual or business entity that intends to engage in import/export activities is eligible to apply for an IEC.

Application Form: The applicant needs to fill out the prescribed application form, which can be done online through the Directorate General of Foreign Trade (DGFT) website or offline by submitting a physical application form to the regional DGFT office.

Documentation: The following documents are generally required for IEC registration:

PAN (Permanent Account Number) of the applicant entity.

Copy of Aadhaar Card/Passport/Voter ID/Driving License of the applicant.

Bank Certificate or Cancelled Cheque from the entity’s current bank account.

Passport-size photograph of the applicant.

Banker’s Certificate or Pre-Printed Cancelled Cheque.

Memorandum of Association (MOA) and Articles of Association (AOA) for companies.

Partnership Deed for partnership firms.

Certificate of Incorporation issued by the Registrar of Companies.

Address proof of the registered office of the business entity.

Application Submission: After filling out the application form and compiling the necessary documents, the applicant submits the application along with the prescribed fee to the DGFT.

Processing: The DGFT will process the application and issue the IEC within a few working days if all the submitted documents and information are found to be in order. In case of any deficiencies or discrepancies, the applicant may be required to provide additional documents or information.

IEC Certificate: Once the application is approved, the DGFT issues the IEC certificate containing a unique 10-digit code. This code serves as a license for the entity to engage in import/export activities.

Validity: The IEC registration does not have an expiry date and remains valid unless surrendered or canceled by the DGFT. However, any changes in the entity’s details or constitution may require updating the IEC.

Benefits of IEC Registration:

Enables businesses to engage in international trade activities legally.

Mandatory for availing various benefits and schemes provided by the government for exporters and importers.

Facilitates smooth customs clearance and documentation processes for import/export shipments.

Helps in establishing credibility and trustworthiness in international trade transactions.