Import Export Code
By
DurgaaLaxmi A
Learning outcome
To Acquire knowledge about the Importer
Exporter Code (IEC) and become familiar with
the services provided by the Directorate
General of Foreign Trade (DGFT) in association
with IEC.
A Comprehend the significance of IEC and its
pivotal role in facilitating import and export
activities.
WHAT IS MEANT BY IEC?
• The Importer-Exporter Code (IEC) is a business
identification number that is mandatory for all imports
and exports. No person shall engage in any import or
export activities without an IEC number granted by the
Directorate General of Foreign Trade (DGFT).
• The ITC (HS) Code, known as the Indian Trade
Classification (Harmonized System) Code, has been
adopted in India for managing and regulating export
and import operations. The Indian customs use an 8-
digit ITC (HS) Code to fulfill national trade
requirements
WHAT IS MEANT BY DGFT?
• The Directorate General of Foreign Trade
(DGFT) is the agency of the Ministry of
Commerce and Industry of the Govt of India
responsible for administering laws regarding
foreign trade.
• It implements the foreign trade policy or the
EXIM (export-import) policy of the govn.
• The DGFT is the licensing authority for
export/import businesses in India.
HOW TO OBTAIN
IEC?
visit the DGFT official website at [Link].
Then , click on “Apply for IEC” (to obtain IEC either as individual or as firm)
click on ‘REGISTER’
Select ‘Importer/ Exporter’ option from the dropdown menu labeled ‘Please
Select ‘
Next, furnish all necessary information and ‘Send OTP’
Then, Enter the Email OTP and Mobile OTP & Then click ‘Register’
Now a popup message will appear on the screen, notifying you that the
registration process been successfully completed & a username and password
will be sent to your Email address
The Authority will send a Username & Password to your E-mail address for
Login
‘Login’ to the website using the provided Username & Password received via
E-mai
• Once logged in, an option to set a New
Password will be appear
• After changing the Password, click on ‘Submit’
• On the following page, proceed to ‘Apply IEC’
• After that, Click on ‘Start fresh application’
located below
• After that, Click on ‘Start fresh application’
located below
• Enter the firm’s details including PAN, GSTIN &
other required information specified on the
portal.
• Enter the firm’s details including PAN, GSTIN &
other required information specified on the
portal. Save & Next
• Then go for ‘Firm Address Details’
• Afterwards, fill out the ‘Branch details ‘and
click ‘Save & Next
• Then, move onto the ‘Details of
Proprietor/Partner/Director/Karta/Managing
Trustee’ & Provide necessary information
• After giving the required information, a brief
of your details will be appear in a box. Then,
click on ‘Save & Next.
• The next step is to provide ‘Bank Account
Details.’ Once you are provided the required
information, there is a need to upload a
cancelled cheque in the appropriate format. If
you are applying for an IEC as an individual,
upload the cancelled cheque belonging to that
individual. If the IEC application is being
submitted for a firm, it is essential to upload a
cancelled cheque of that particular firm.
• After updating the bank account details, go for
‘Other details.’ Choose the sector of operation
that corresponds to the intended- business
dealings.