Import Export Code (IEC) – Your Gateway to Global Trade | Taxswami

In today’s globalized world, businesses seeking to expand internationally must comply with various legal and regulatory requirements. One essential requirement for conducting cross-border trade in India is obtaining an Import Export Code (IEC). Taxswami helps businesses seamlessly obtain their IEC, enabling smooth international trade operations.

What is Import Export Code (IEC)?

The Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It is a mandatory requirement for individuals and businesses involved in importing or exporting goods and services. Without IEC, businesses cannot engage in international trade transactions, including customs clearance, foreign bank transactions, and trade policy benefits.

Who Needs an IEC?

Any individual or business planning to engage in international trade must obtain an IEC. It is required by:

• Importers purchasing goods or services from foreign countries.

• Exporters selling goods or services to international markets.

• E-commerce sellers trading globally through platforms like Amazon, eBay, and Alibaba.

• Manufacturers shipping products overseas.

• Service providers offering IT, consulting, or business outsourcing services to foreign clients.

However, IEC is not required for import/export transactions conducted for personal use or if exempted by the government.

Key Benefits of Import Export Code (IEC)

1. Enables International Trade – IEC is the primary requirement for businesses to engage in imports and exports legally.

2. Simplified Registration Process – Applying for IEC is a hassle-free online process with minimal documentation.

3. Lifetime Validity – The IEC is permanent and does not require renewal, ensuring long-term ease of business operations.

4. Government Benefits – IEC holders can avail of export incentives, subsidies, and duty exemptions from schemes like MEIS and SEIS.

5. Easy Foreign Transactions – Enables seamless bank transactions, customs clearance, and foreign remittances.

6. Global Market Access – Expands business opportunities by allowing companies to reach international customers and suppliers.

Documents Required for IEC Registration

To apply for an Import Export Code, the following documents are required:

• PAN Card of the business or individual.

• Aadhar Card / Passport / Voter ID of the applicant.

• Business Registration Certificate (Partnership Deed, LLP Agreement, or Incorporation Certificate).

• Bank Account Details with a canceled cheque.

• Address Proof (Electricity Bill, Rent Agreement, or Property Documents).

• Digital Signature (for companies and LLPs).

IEC Application Process with Taxswami

1. Consultation & Documentation – Taxswami experts guide you through document submission.

2. Online Application – We file the IEC application on the DGFT portal.

3. Verification & Approval – Authorities verify the details before issuing the code.

4. IEC Certificate Issued – Upon approval, you receive the IEC certificate via email.

Why Choose Taxswami for IEC Registration?

• Expert Assistance – Hassle-free process with professional guidance.

• Quick Processing – Fast-track IEC approval within 5-7 working days.

• Affordable Pricing – Budget-friendly service with no hidden charges.

• 100% Online Process – Apply for IEC from anywhere in India.