Importer Exporter Code (IEC)

IEC is a 10 Digit alpha-numeric number issued by Director General of Foreign Trade(DGFT). Any person/entity willing to do Import & Export business is required to have an IEC number. IEC is a primary requirement by Govt. of India to identify the Importing/Exporting firm/company/LLP etc.

Benefits of IEC
  • There are various benefits for businesses doing Foreign Trade from various departments
  • To obtain those benefits the business firm has to have an IEC number
  • Benefits are bestowed from the below departments
  • DGFT (Director General of Foreign Trade)
  • Customs
  • Export Promotion Councils etc.,
Validity of IEC
  • Validity is for lifetime unless cancelled by the competent authority
  • Validity of IEC for EOUs / SEZs: IEC will remain valid irrespective of a firm’s status as a DTA unit or an EOU or a SEZ/ EHTP/STP/BTP unit.
  • In case the firm is de-bonded and converted to a DTA following procedure needs to be followed

An unit which is an EOU or in SEZ/EHTP/STP/BTP after de-bonding will not surrender the IEC obtained from its jurisdictional Deputy Commisioner, SEZ.

The jurisdictional DC, SEZ will send the original IEC file to concerned RA of DGFT after de-bonding

RA becomes the custodian of such file and will allow de-bonded unit to make necessary modification in IEC.

The de-bonded unit will be eligible for benefits from the RA as per FTP.

Exemptions for IEC
  • IEC is compulsory for import and /or exports. However, the following categories of importers or exporters are exempted from obtaining IEC.
  • Ministries /Departments of Central or State Government
  • Persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture
  • Importers covered by clause 3(1) [except subclauses (e) and (l)] and exporters covered by clause 3(2) [except sub-clauses (i) and (k)] of Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993.
  • Persons importing/exporting goods from/to Nepal, Myanmar through Indo-Myanmar border areas and China (through Gunji, Namgaya Shipkila and Nathula ports), provided CIF value of a single consignment does not exceed Indian Rs.25,000. In case of Nathula port, the applicable value ceiling will be Rs. 1,00,000/-.

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