The Importer -Exporter Code (IEC) is a key business identification number which is mandatory for Exports
or Imports. No person shall make any import or export except under an IEC Number granted by the DGFT. In
case of import or export of services or technology, the IEC shall be required only when the service or
technology provider is taking benefits under the Foreign Trade Policy or is dealing with specified
services or technologies
The nature of the firm obtaining an IEC may be any of the follows- "Proprietorship, Partnership, LLP,
Limited Company, Trust, HUF and Society." Consequent upon introduction of GST, IEC number is the same as
the PAN of the firm. The IEC would be separately issued by DGFT.
Validity of IE Code
IE Code registration is permanent registration which is valid for a lifetime. Hence, there will be no
hassles for updating, filing and renewal of IE Code registration. It is valid until the business exists
or the registration is revoked or surrendered. Further, unlike tax registrations like GST registration
or PF registration, the importer or exporter does not require to file any filings or follow any other
compliance requirement like annual filing.
As IE code registration is one-time and requires no additional compliance, it is recommended for all
companies and LLPs to obtain IE code after incorporation.
IE Code Exemption
An Import Export Code is required for import of any type of goods by a business. However, the following
category of persons are exempted from obtaining an IE Code:
Importer and export by central Government or agencies or undertakings for defence purpose or other
specified lists under Foreign Trade (exemption from the application of Rules in certain cases) Order,
1993.
Import or Export of Goods for personal use.