Import Export Code (IEC) is a mandatory 10-digit business identification number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Government of India. It is required for businesses engaged in importing or exporting goods and services. IEC registration is essential for carrying out international trade and availing government benefits under foreign trade policies.
IEC registration is necessary for multiple reasons, including legal compliance, business expansion, and tax benefits.
Without an IEC, no individual or business can legally import or export goods and services.
IEC allows businesses to expand their reach in international markets.
Eligible for subsidies and export benefits under various foreign trade policies.
Unlike GST or other registrations, IEC does not require periodic filings.
The registration process is completely online and requires minimal documentation.
Helps businesses gain credibility in international trade transactions.
The following individuals and businesses are eligible to apply for IEC registration:
The following documents are required for registering an Import Export Code in Rajasthan and across India:
PAN Card of the applicant (Company/Firm/Individual).
Aadhaar Card or Passport/Voter ID for proprietors, partners, or directors.
Certificate of Incorporation, Partnership Deed, GST Registration, etc.
Cancelled cheque or bank certificate with account details.
Electricity Bill, Rent Agreement, or NOC from owner.
Digital Signature Certificate (DSC) in case of companies and LLPs.
Foreign Trade (Development & Regulation) Act, 1992.
Foreign Exchange Management Act (FEMA), 1999.
Customs Act, 1962 (For import/export duty compliance).
Directorate General of Foreign Trade (DGFT) Guidelines.
GST Laws for taxation on imports and exports.
Rajasthan State Industrial Policies for trade and export promotion.
No entity can engage in international trade without IEC.
Ineligibility for export subsidies and benefits.
Importers/exporters may face customs and tax-related issues.
Difficulty in establishing trade relations with foreign clients.
Operating without IEC may result in financial penalties under FEMA regulations.
IEC registration is essential for businesses involved in international trade. It provides legal authorization, enhances credibility, and allows access to global markets. In Rajasthan, businesses must comply with the Directorate General of Foreign Trade (DGFT) regulations and state-specific trade policies for smooth operations. Applying for IEC is a simple and beneficial step for any business looking to expand beyond domestic borders.