IEC stands for Import export code which describe the code used in national or foreign trades,department of commerce and government of India.

1. Understanding Import
Export code (IEC) in India
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2. • IEC Stands for IMPORTER EXPORTER
CODE which contains 10 digit number
issued by Director General of Foreign
Trade, Department of Commerce,
Government of India.
• Any bona fide person/ company starting a
venture for International trade of Export
and Import. If any foreign transfer on
account of business, IEC number is
mandatory.
What is IEC?
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3. Documents required for
application
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4. Process for IEC application
• An application must be made in the Aayaat Niryaat
Form 2A (ANF 2A) format to the Regional Authority
of the Directorate General of Foreign Trade
(DGFT) in the region where the registered office of
the company is situated.
• The DGFT has provided online filing facility for
obtaining IEC and other authorizations. Form ANF
2A requires basic details of the business and its
proprietors, partners or directors (as applicable),
bank account details and a bank certificate (where
the business has an account) stating the period for
which the business has an account with the bank
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5. – (1) No export or import shall be made by any person without
an Importer Exporter Code (IEC) Number unless specifically
exempted. An Importer/Exporter Code (IEC) number shall be
granted on application to the competent authority.
– (2) An application for grant of IEC number shall be made by
the Registered/Head Office of the applicant to the licensing
authority concerned in the form specified and shall be
accompanied by documents prescribed therein.
– (3) An Import Export Code No allotted to an applicant shall
be valid for all its branches/divisions/units/factories as
indicated on the IEC number.
– (4) Where an IEC Code/ Import Export Code No is lost or
misplaced, the issuing authority may consider requests for
grant of a duplicate copy of IEC number, if accompanies by
an affidavit.
Government regulations
governing import export
codes
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6. – (5) If an IEC holder does not wish to operate the allotted IEC
number, he may surrender the same by informing the
issuing authority. On receipt of such intimation, the issuing
authority shall immediately inform all the
RBI/Customs/Licensing authorities that the said IEC number
has become inoperative.
– (6) If there is any change in the name/address or
constitution of IEC holder/licensee/Actual User eligible for
import without a licence/recognised status holders, as the
case may be, shall cease to be eligible to import or export
against the licence/IEC Number or any other facility
permitted under the Policy and Handbook, after expiry of 60
days from the date of such change in his name or
constitution, unless in the meantime,the IEC
holder/licensee/status holders has got the consequential
changes effected in the IEC number/licence or the
recognition certificate, as the case may be, by the
concerned licensing authority.
Government regulations
governing import export
codes
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7. • This presentation has been compiled by CA
Pulkit Jain, CEO & Founder at
LegalRaasta.com
• LegalRaasta.com in an online platform where
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About the author
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