Q1. Is IEC mandatory for all businesses?

Yes, if the business is engaged in import or export activities. IEC is mandatory under the Foreign Trade (Development and Regulation) Act, 1992. Without IEC, customs authorities will not clear shipments.

Q2. Can individuals obtain IEC?

Yes. Individuals can obtain IEC for import/export activities. The process is similar to business entities, requiring PAN, Aadhaar, address proof, and bank details.

Q3. How long is IEC valid?

IEC has lifetime validity and does not require renewal. However, if there are changes in business details like address, constitution, or partners, these must be updated with DGFT.

Q4. Is PAN card mandatory for IEC?

Yes. PAN card is mandatory for IEC registration. The IEC number is linked to the PAN, and without a valid PAN, IEC cannot be issued.

Q5. Can one IEC be used for multiple businesses?

No. Each separate legal entity requires its own IEC. However, one IEC can be used for all import/export activities of that single entity across all Indian ports.

Q6. What if my IEC is lost or damaged?

You can download a duplicate IEC certificate from the DGFT website using your IEC number. The digitally signed certificate can be downloaded multiple times as needed.

Import, Export & GeM

Import Export Code (IEC): Complete Guide

Complete guide to Import Export Code (IEC) registration. Step-by-step process, documents required, costs, and expert assistance from Liquetax.

What this guide covers

What does Import Export Code (IEC): Complete Guide mean in practice?
Who is affected and what should they check first?
Which documents or records should be kept ready?
What common mistakes should be avoided?