Why Your Business Needs an Import Export Code (IEC)

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Are you running a business that involves importing or exporting goods? If yes, then obtaining an Import Export Code (IEC) is a must. In this blog post, we will discuss the reasons why your business needs an IEC code registration.

What is an Import Export Code (IEC)?

An Import Export Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT). It is mandatory for businesses that engage in import or export activities to have an IEC. The code acts as a unique identity for businesses involved in cross-border trade.

Why Your Business Needs an Import Export Code (IEC)

Legal requirement

  1. If your business engages in any kind of import or export activity, an IEC is a legal requirement. Without it, your business will not be able to clear customs or receive payments from overseas customers.

International trade

  1. If your business is involved in international trade, an IEC is necessary. It enables your business to participate in the global marketplace and access foreign markets. With an IEC, you can import and export goods to and from any country in the world.

Increased credibility

  1. Having an IEC code registration gives your business increased credibility. It shows that your business is legitimate and authorized to engage in cross-border trade. It can also help you build trust with foreign customers and suppliers.

Avail benefits from the government

  1. The Indian government offers various benefits to businesses that have an IEC. For example, your business can avail of export incentives and subsidies offered by the government. You may also be eligible for other schemes and benefits.

Easy processing of customs clearance

  1. If your business has an IEC, customs clearance becomes a much smoother process. The code helps in identifying your business and the nature of the goods being imported or exported. This makes the customs clearance process faster and easier.

Expand your business

  1. Having an IEC code registration can help your business expand its reach. It enables you to explore new markets and expand your customer base. With an IEC, you can import and export goods to and from any country in the world.

Maintain accurate records

  1. An IEC code is linked to your business’s PAN number, and all import and export transactions are recorded under the code. This ensures that your business maintains accurate records of all its cross-border trade activities.

How to Get an Import Export Code (IEC)

Getting an IEC code registration is a simple process. You can apply online on the DGFT website or through an authorized agency. Here are the steps to follow:

  • Gather the required documents: PAN card, Aadhaar card, passport-sized photograph, and proof of business premises.
  • Fill out the IEC application form: You can either download the form from the DGFT website or fill it out online.
  • Submit the application form: Along with the required documents, submit the application form to the DGFT or authorized agency.
  • Pay the fee: Pay the IEC fee online or through a bank challan.
  • Receive the IEC: Once your application is processed, you will receive your IEC code registration.


Obtaining an Import Export Code (IEC) is essential for businesses involved in import or export activities. It is a legal requirement, enables businesses to participate in international trade, and offers various benefits. The process of getting an IEC is simple, and it can help your business expand its reach and maintain accurate records. So, if your business engages in cross-border trade, it’s time to get an IEC!

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