REQUENTLY ASKED QUESTIONS
What is IEC?
IEC stands for Importer Exporter Code.It is used in Importing and Exporting goods in India.No export shall be made by any person without and IEC number unless specifically exemptedIs PAN essential for getting IEC number?
Yes,as per Government law,PAN is mandatory for getting IEC number.A photocopy of the PAN card has to be submitted along with application.Can,I get IEC number without PAN card?
Yes,you can get IEC number without PAN card,if you have a PAN allotment letter form IT DepartmentCan,I get 2 IEC number from same PAN card?
No,you can get only one IEC number from a single PAN cardHow much time does it takes to get an IEC number
It usually takes 2-3 working Days to get an IEC numberWhat should I do if I do not wish to operate the alloted number?
You,may surrender the original IEC by fulfilling all pending Liabilities and filing a declaration to IEC issuing that there is no obligation/Liability pending against him for any office of DGFTWhat are the benefits of IEC?
Companies can obtain various benefits on their exports/imports from DGFT,customs and Export promotion council etc.Is Import Export code mandatory for Importing goods?
It is mandatory to have and IEC number for importing goodsWhy is IE code required?
All importers must mention their IE Code while clearing customs when their goods arrive in India. All exporters must mention their IE Code while exporting their goods and services from India. Additionally, now RBI requests person importing or exporting services to also mention IE Code in foreign remittances in bank account. Therefore, IE Code is required for anyone involved in import or export in India.Can a Public Limited Company/Private Limited Company/Partnership obtain different IEC's for different concerns owner by it?
No,however the name of each concern owned by such a company may be included in the IEC of the firm in whose name PAN card existsIs the requirement of IEC item based?
No,IEC is a permanent document issued to the Importer/Exporter only once and the same is not item basedCan,I apply for a duplicate IEC number online?
No,you cannot apply for duplicate IEC number onlineDOCUMENTS REQUIRED FOR Import-Export Code
1. Digital Photograph
2. Copy of PAN Card
3. Identity Proof (Election ID / Aadhar Card / Passport / Driving License)
4. Sale Deed (in case of business premise is self owned)
5. Rental/Lease Agreement (In case of of rented/leased)
6. Bank Certificate
2. Copy of PAN Card
3. Identity Proof (Election ID / Aadhar Card / Passport / Driving License)
4. Sale Deed (in case of business premise is self owned)
5. Rental/Lease Agreement (In case of of rented/leased)
6. Bank Certificate
Cost- Rs 5500- 7000
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