The 10-digit, PAN-based registration issued by DGFT that every business needs before it can legally import or export goods and services from India.
Import Export Code (IEC) is a unique 10-digit number linked to your business PAN, issued by the Directorate General of Foreign Trade. It is the primary registration required to clear shipments through customs, receive foreign currency directly into your bank account, and access most other DGFT schemes and benefits.
A small set of categories โ such as import/export for personal use not connected to trade or manufacture, and specified government departments โ are exempt from requiring an IEC.
No, IEC has no expiry date. However, it must be confirmed/updated online annually between April and June, even if there are no changes, or it will be deactivated.
No. Since IEC is linked to PAN, only one IEC is issued per PAN, and it covers all branches, divisions and factory units of that entity.
Service exporters are generally exempt unless they wish to claim benefits under the Foreign Trade Policy, in which case IEC becomes necessary.