IEC Code

 

IEC code stands for Import and Export code. IEC registartion is a mandatory requirement for import and export of goods. It is a 10 digits code issued by a DGFT for a business. DGFT stands for directorate general of foreign trade. This department comes under Ministry of commerce and industries. It is not possible legally to do import or export goods without IEC code.

Only one IEC is issued against one PAN number. IEC code registration can be applied online by filling online form ANF2. ANF stands for Aayat and Niryat form. IEC code has lifetime validity and it is not required to be renewed by a firm.

Application for a IEC code would be inspected by a inspector and a IEC code would be issued to a business if it satisfies all required conditions along with documents. There are many benefits of IEC registration which includes –

• Expansion of business
• Availing benefits under IEC
• No filing of returns
• Easy processing
• No need of renewal

There are many questions in the mind of an applicant before he or she applies for an IEC code. Some of these questions are –

• What is IEC code?

• How can i get IEC code?

• What is the use of IEC code?

• Is IEC code same as PAN number?

• Can we apply IEC code online?

• What is fees for IEC code?

• Who issues IEC code?

• Is DSC code mandatory for IEC code?

• How can i get IEC code for a private limited company?

All of the above questions would be answered in this series of articles. To start with you can check out FAQs on IEC code part 1 and part 2. You can also gain knowledge about documents required for IEC code registration in these three parts Part 1, Part 2, Part 3.