IEC - Import Export Code Overview

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Lasya Pamidi

IEC
IEC Registration
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Last updated on April 30th, 2021

What is IEC?

Importer Exporter Code (also known as IEC, Import Export Code, IE License, IE code, etc.) is a 10 digit identification number. The regional office of the DGFT (Director General of Foreign Trade) issues the code to Indian companies and business organizations. It is mandatory for every importer and Exporter carrying out business in India.

Import Export Code (IEC) Registration
Expert Assisted Import Export Code (IEC) Registration for Individuals, Businesses and Firms who wants to Import/ Export goods/ services.
[Rated 4.8 stars by customers like you]
Import Export Code (IEC) Registration
Expert Assisted Import Export Code (IEC) Registration for Individuals, Businesses and Firms who wants to Import/ Export goods/ services.
[Rated 4.8 stars by customers like you]

Benefits of an Import Export License

When is the IEC Registration required?

When is IEC not required?

FAQs

Is there any tax levied based on IE Code?

IE Code is not a tax registration. However, certain customs duties may be levied depending on the product imported or exported.

What is the penalty levied for not registering for IE code?

As trade is not possible without a valid IEC, the penalty levied may be the pay duty depending upon the quantum of the goods.

How to cancel Importer Exporter Code?

You can cancel the IE code by initiating a formal request to the DGFT online. On receipt of such intimation, the authorities will cancel it electronically.

Can any changes be made in Importer Exporter Code?

Yes. In order to make changes, you need to raise a request with the DGFT and produce the relevant documents to make the modifications. Government charges may be applicable.

Got Questions? Ask Away!

  1. Trade License is a license or permission issued by a municipal corporation granting permission to carry on a particular business at a particular address. It ensures that the citizens are not adversely affected by health hazard and nuisance by the improper carrying of trade.