How Can I Apply for an IEC Code Online?

Description

Applying for an Import Export Code (IEC) in India is an essential step for any business that plans to engage in import and export activities. The IEC code is a unique 10-digit number issued by the Directorate General of Foreign Trade (DGFT), and it is mandatory for both individuals and companies involved in international trade. The process of IEC code registration has been streamlined through an online portal, making it easier and faster. Here’s a step-by-step guide on how to apply for an IEC code online.

Step 1: Visit the DGFT Website

The first step in the Import Export Code registration process is to visit the official website of the Directorate General of Foreign Trade (DGFT) at www.dgft.gov.in. The DGFT portal is where you will complete the entire IEC application process.

Step 2: Create a User Profile

If you are a new user, you need to register on the DGFT website. Click on the “Register” button on the homepage and fill out the required details, including your name, mobile number, email address, and business type. You will receive an OTP on your registered mobile number and email, which you must enter to complete the registration. Once registered, log in to your account using your credentials.

Step 3: Link Your Profile with a PAN

Since the IEC code is linked to your Permanent Account Number (PAN), you will need to connect your user profile with your PAN. If you are applying on behalf of a company, ensure you use the company’s PAN. This step is crucial, as all subsequent steps in the IEC code registration will depend on this information.

Step 4: Start the IEC Application

After logging in, direct to the “Apply for IEC” option on the dashboard. Click on this to begin the application process. You will be prompted to fill out a form with various details related to your business.

Information Required for the Application

• Applicant Details: Name, business type (individual, partnership, or company), and PAN details.

• Business Details: Address of the business, contact information, and preferred communication methods.

• Bank Account Details: Bank account number, IFSC code, and bank branch information. Ensure these details are accurate, as they will be verified.

• Document Uploads: Scanned copies of essential documents,
including:

o PAN Card (for both individuals and companies)
o Proof of business address (like a utility bill or rental agreement)
o Bank certificate or a canceled cheque with the account holder’s name and bank details

Step 5: Upload Necessary Documents

Ensure that all documents are scanned clearly and are in the acceptable format (usually PDF or JPEG). The file size should not exceed the specified limit set by the DGFT portal. Double-check that your PAN card, address proof, and bank details are correctly uploaded.

Step 6: Fee Payment

The fee for IEC code registration is ₹500, payable online through net banking, credit card, or debit card. Once you have made the payment, keep the receipt for your records. The payment gateway on the DGFT portal is secure, and the transaction confirmation is immediate.

Step 7: Submit the Application

After completing all the sections of the application and making the payment, review your form carefully for any errors. Any discrepancies in the information provided could delay your Import Export Code registration. Once satisfied, submit your application. You will receive an acknowledgment with a unique reference number for tracking the status of your application.

Step 8: Verification and Approval

The DGFT will review your application and verify the submitted documents. If everything is in order, your IEC code will be generated and sent to your registered email. The entire process typically takes 5-7 business days. In case of any issues, the DGFT may reach out for clarifications or additional documentation.

Step 9: IEC Code Update and Maintenance

Once your Import Export Code is issued, it remains valid for a lifetime. However, you must update your IEC code details annually between April and June. Failure to update your IEC code may result in deactivation. The IEC update process can also be done through the DGFT portal, and it is a simple procedure requiring minimal documentation.

Conclusion

Applying for an IEC code online has become a convenient and efficient process, thanks to the DGFT’s digital platform. By carefully following each step and ensuring your documents are in order, you can complete your IEC code registration without hassle. Remember to keep your details up to date to maintain the validity of your Import Export Code.