An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted. For services exports however, IEC shall be not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.
Consequent upon introduction of GST, IEC being issued is the same as the PAN of the firm. However, the IEC will still be separately issued by DGFT based on an application. The nature of the firm obtaining an IEC may be any of the follows- Proprietorship, Partnership, LLP, Limited Company, Trust, HUF, Society.
Documents required for Import Exporter Code (IEC):
It’s important to note that the specific requirements for documents may vary based on the applicant’s category (individual, proprietorship, partnership, company, etc.) and other factors. Additionally, additional documents or information may be requested by the Directorate General of Foreign Trade (DGFT) during the application process.
