Importer and Exporter Code (IEC): An Introduction
If you are planning to start an export or import business in India, then Import Export Code (IEC) registration is your very first step to begin the incredible journey.
It is mandatory for every exporter and importer to be registered and get an exporter and importer identification number issued by DGFT (Directorate General of Foreign Trade). Without an Import and Export Code (IEC), No individual or company can legally export or import their products and services.
While its process seems simple on YouTube or other social platforms, businesses often face delays due to document errors, compliance gaps, filing accurate information, or DGFT queries.
That is where Make Merchant comes in—we are India’s first company that is dedicated to exporters and importers, and we simplify the entire process, ensuring quick and rapid approvals.
In this article, we will cover everything that should be expected to be known by an exporter and importer about IEC registration, including document requirements, fees, processes, and timelines in India, and why hiring an IEC consultant saves your time and effort.
What is Import Export Code (IEC) Registration?
The IEC registration is a 10- digit alphanumeric code issued by DGFT. It acts as your permanent license to export and import goods and services.
IEC is also required to get the benefits of the government schemes, subsidies, and benefits related to international trade and to avoid penalties from the customs authority. Unlike other registrations, the IEC comes with lifetime validity and does not require return filing, although if you want changes to submitted and approved details, you can make modifications.