What is Import Export Code (IEC)?

By Paras Mehra

( 4.24K Views) July 1, 2016

Definition

Import Export Code popularly known as “IEC” or “IEC code” is a 10 digit number issued by Director General of Foreign Trade (DGFT). IEC is also known as import export license.

Importance

Every exporter or importer of goods shall have IEC code with them to be eligible for Import Export in India. To be an exporter or importer of anything, every person must secure this license to export or import anything outside India.

Validity

IEC code is allotted only once and it is valid for lifetime. It is like a PAN card, which is allotted once and the same is valid for lifetime.

Compliance

There is no compliance prescribed for IEC and hence, no compliance cost.

Government Fees

The govt fees for filing of IEC code is INR 500/-. Further, you will also need the digital signature to file the same. The cost of Digital Signature is INR 1,000/-

IEC application form

The IEC application form is ANF 2A. This form can be downloaded from the link below. However, the IEC process is completly online. Hence, it should be applied online.