Import Export Code In today’s global economy, international trade has become a key growth driver for businesses. Whether you are an entrepreneur, startup, or an established company, importing and exporting goods or services can open new opportunities. However, before starting cross-border trade, it is mandatory to obtain an Import Export Code (IEC). The Import Export Code is a unique 10-digit number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, Government of India. Without this code, no business or individual can legally import or export goods and services from India. This article provides full details about the Import Export Code (IEC), its importance, documents required, registration process, benefits, and frequently asked questions. What is Import Export Code? The Import Export Code (IEC) is an official business identification number that allows individuals or companies to engage in international trade. Once issued, the IEC is valid for a lifetime and does not require renewal. Every importer needs IEC to clear shipments from customs, while exporters need it to send goods or services abroad and receive payments from foreign clients. Importance of Import Export Code The Import Export Code is crucial for several reasons: Who Needs Import Export Code? IEC is necessary for: Even individuals not registered as companies can apply for an Import Export Code if they wish to trade internationally. Documents Required for Import Export Code Registration The following documents are required for Import Export Code registration: For partnership firms or companies, additional documents such as the incorporation certificate or partnership deed may also be required. Step-by-Step Process for Import Export Code Registration The process of obtaining an Import Export Code is completely online and involves the following steps: Usually, the process takes 2–5 working days if all documents are correct. Benefits of Import Export Code Exemptions from Import Export Code IEC is not required in the following cases: Fees for Import Export Code Registration FAQs on Import Export Code Q1. Is Import Export Code mandatory for all exporters and importers? Yes. IEC is mandatory for all businesses or individuals involved in importing or exporting goods and services from India. Q2. How long does it take to get an Import Export Code? The registration process usually takes 2–5 working days, provided the documents are correct and the application is properly filed. Q3. Can an individual apply for Import Export Code? Yes. Both individuals and businesses can apply. Even a sole proprietor can obtain an IEC. Q4. Do I need to renew my Import Export Code? No. IEC comes with lifetime validity and does not require renewal. However, any change in details must be updated with DGFT. Q5. What happens if I don’t have an Import Export Code? Without IEC, you cannot legally engage in international trade. Customs authorities will not allow clearance of goods, and banks will not process foreign payments. Q6. Can one Import Export Code be used for multiple businesses? No. Each business entity must obtain its own IEC. However, one IEC can be used for all branches of the same entity.