If your business plans to import or export goods, the Importer Exporter Code (IEC) is usually the first registration you need. It is issued by the Directorate General of Foreign Trade (DGFT) and is linked to the PAN of the business.
Who needs an IEC
Most businesses importing or exporting goods need an IEC for customs clearance and for receiving or sending payments through banks. Certain categories are exempt, so it's worth confirming for your case.
What you need to apply
- PAN of the business entity
- Address proof of the business
- Bank account details (a cancelled cheque or bank certificate)
- Identity details of the applicant
Keep it updated
An IEC must be updated periodically on the DGFT portal, even if nothing has changed. An IEC that is not updated can be deactivated, which can hold up shipments at the worst moment.
What comes next
Depending on what you trade, you may also need registration with an export promotion council or a body such as APEDA for agricultural and processed food products, along with GST registration.
This article is general information, not legal, tax or financial advice. Rules, limits and fees change — check the official portal or speak to us about your specific situation.