{"id":16244,"date":"2018-12-11T06:52:24","date_gmt":"2018-12-11T06:52:24","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=16244"},"modified":"2026-04-08T12:11:20","modified_gmt":"2026-04-08T06:41:20","slug":"iec-full-form-eligibility-application","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/","title":{"rendered":"IEC Full Form, Eligibility, Validity, Application"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#IEC_Full_Form_Definition\" title=\"IEC Full Form, Definition\">IEC Full Form, Definition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#IEC_Legal\" title=\"IEC Legal\">IEC Legal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#IEC_Eligibility\" title=\"IEC Eligibility\">IEC Eligibility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#Features_of_the_Import_Export_CodeIEC_Registration\" title=\"Features of the Import Export Code(IEC) Registration\">Features of the Import Export Code(IEC) Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#Exemptions_for_IE_Code\" title=\"Exemptions for IE Code\">Exemptions for IE Code<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#Granting_of_the_IEC_Number\" title=\"Granting of the IEC Number\">Granting of the IEC Number<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#Validity_Duplicate_Surrender_of_IE_Code\" title=\"Validity, Duplicate, Surrender of IE Code\">Validity, Duplicate, Surrender of IE Code<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#Guidelines_for_Application_of_IEC_Code\" title=\"Guidelines for Application of IEC Code\">Guidelines for Application of IEC Code<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#Mandatory_Requirements_to_apply_for_Import_Export_Code\" title=\"Mandatory Requirements to apply for Import Export Code\">Mandatory Requirements to apply for Import Export Code<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.legalraasta.com\/blog\/iec-full-form-eligibility-application\/#Checklist_of_Documents_for_IEC_Code\" title=\"Checklist of Documents for IEC Code\">Checklist of Documents for IEC Code<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"IEC_Full_Form_Definition\"><\/span><strong>IEC Full Form, Definition<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Many times people say they have an &#8220;<span style=\"color: #008000;\"><a style=\"color: #008000;\" href=\"https:\/\/www.legalraasta.com\/start-import-export-business\/\">Import-Export Business<\/a>&#8220;<\/span>. It basically means they trade goods across international borders. In India, to be able to trade goods across the border it is necessary for an individual\/ company to acquire an IEC. IEC or Import Export (IE) Code is a registration which provides the applicant with a 10-digit \u00a0code which is issued by the Directorate of Foreign Trade (DGFT), Ministry of Commerce, as well as, \u00a0the government of India to companies\/ individuals trading to\/and from India. .Let&#8217;s look at this IEC, full form, eligibility, validity, application.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"IEC_Legal\"><\/span><strong>IEC Legal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The current system of the IE Code registration and issuance of the IEC was introduced in the year 2006 on 27th July by DGFT \u00a0in a policy circular No. 15 (RE-2006)\/2004-2009. In addition to this,\u00a0Eligibility condition and Legal Provisions are given for IEC Code Number Application in\u00a0Foreign Trade (Regulation) Rules, 1993\u00a0Ministry of Commerce, Notification No. GSR 791 (E), dated 30-12-1993.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"IEC_Eligibility\"><\/span><strong>IEC Eligibility<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><strong>Importers-\u00a0<\/strong>Importers who are looking to import goods into India are required to register for IEC. The importers also need to quote the IE Code while clearing the customs. In addition to this, banks require the IE code of the business\/ individual while sending money abroad.<\/p>\n<p style=\"text-align: justify;\"><strong>Exporters- <\/strong>Exporters who are looking to export goods from India are required to register for IEC. The exporters also need to quote the IE Code while sending shipments. In addition to this, banks require the IE code of the business\/ individual while receiving money from abroad.<\/p>\n<p style=\"text-align: justify;\"><strong>Proprietors- <\/strong>It is not necessary to <a href=\"https:\/\/www.legalraasta.com\/private-limited-company-registration\/\" target=\"_blank\" rel=\"noopener noreferrer\">incorporate a company<\/a>\u00a0in order to obtain an IE Code in your name, individual proprietors of a business can also obtain an IE code.<\/p>\n<h2 class=\"ui_qtext_para\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Features_of_the_Import_Export_CodeIEC_Registration\"><\/span><strong>Features of the Import Export Code(IEC) Registration<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Potential Global\u00a0Exposure:\u00a0IEC enables businesses to expand their potential outreach by moving from local markets to national markets and over and across the borders to international markets.<\/li>\n<li>\u00a0Benefits from the government: The government of India is always helping to encourage exports from the country. To this end, the DGFT, Customs and Exports promotion Council provide companies with export scheme benefits enabling and encouraging exports via the IEC Code Registration.<\/li>\n<li>No Renewal Hassle: The DGFT issued IE Code is valid for the entire lifetime of the applicant and hence there is no need for renewing your Import Export license, again and again, leaving you with only one-time registration costs.<\/li>\n<li>\u00a0Annual Compliances: Transactions and shipments done with the help of the IEC number don&#8217;t have to be reproduced anywhere as opposed to <a href=\"https:\/\/www.legalraasta.com\/gst-return\/\">tax returns<\/a>. There are no mandatory annual compliances for transactions done via the IEC registration<\/li>\n<li>Anyone, Anywhere: As mentioned previously, it is not necessary to be a business entity in order to register IE Code any individual looking to be involved in the import-export of goods can<\/li>\n<\/ul>\n<h2 class=\"ui_qtext_para\"><span class=\"ez-toc-section\" id=\"Exemptions_for_IE_Code\"><\/span><strong>Exemptions for IE Code<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>One who is exporting or importing goods for personal use and not for business manufacture or agriculture.<\/li>\n<li>One who is exporting or importing from or to Nepal or Myanmar which should not exceed Rs 25,000 in a single assignment and should be through Indo-Myanmar border areas<\/li>\n<li>Ministries or the department of central government or state government.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Granting_of_the_IEC_Number\"><\/span><strong>Granting of the IEC Number<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The application for granting of the IEC code should be made by the registered office for registered companies and the head office of other entities to the nearest regional authority of Directorate General Foreign Trade. The form for the application of IEC Code falls under the <a href=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2018\/12\/anf2a.doc\">&#8220;Aaayat Niryaat Form- ANF2A&#8221;<\/a>. [Click to Download Form]. \u00a0This form should be accompanied by the documents prescribed.<\/p>\n<p style=\"text-align: justify;\">The DGFT issues only one IEC number against one PAN number. All proprietors can have only one IEC issued against their name. Multiple IEC&#8217;s issued against a single PAN, name are liable for surrender and cancellation with the regional offices.<\/p>\n<p>The list of the Regional offices can be found in the following PDF(Click to download): <a href=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2018\/12\/appnd-18d.doc\">Appendix 18D<\/a> (Regional Licensing Authorities of DGFT)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Validity_Duplicate_Surrender_of_IE_Code\"><\/span><strong>Validity, Duplicate, Surrender of IE Code<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Validity: The IEC number allocated against one PAN is valid for the entire lifetime fo the applicant\/ business and it is valid for all its branches\/divisions\/factories.<\/p>\n<p>Duplicate: In case of a lost\/ misplaced IEC number the issuing authority, DGFT, will consider a request for the grant of a duplicate copy IEC number, if it has been produced with an affidavit.<\/p>\n<p>Surrender: \u00a0In case the trader wishes to discontinue their operations, they might surrender their license to the issuing authority. When the authorities receive such an intimation of cancellation from the trader, the authority cancels the license with immediate effect and transmit the same electronically to the DGFT, \u00a0and also for forwarding the transmission towards Customs and Regional Authorities.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Guidelines_for_Application_of_IEC_Code\"><\/span><strong>Guidelines for Application of IEC Code<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Mandatory_Requirements_to_apply_for_Import_Export_Code\"><\/span><strong>Mandatory Requirements to apply for Import Export Code<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Pan Number<\/li>\n<li>Current Bank Account<\/li>\n<li>Bankers Certificate<\/li>\n<li>IEC Code Number \u00a0Government application fee has been prescribed as \u00a0\u20b9 250. To get the IEC number instantly it is advisable to make the payment for the same online.<\/li>\n<li>The physical application that you make should reach the DGFT within 15 days of the online submission<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Checklist_of_Documents_for_IEC_Code\"><\/span><strong>Checklist of Documents for IEC Code<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Covering Letter on the COmpany&#8217;s letterhead requesting the issue of a new code.<\/li>\n<li>Two Copies of the Aayat Niryaat Form \u00a0(ANF2A) must be submitted to your regional\u00a0\u00a0Jt.DGFT Office.<\/li>\n<li>\u00a0Each page of the Application should be signed by the applicant<\/li>\n<li>Part 1 and Part 4 of the application has to be filled mandatorily<\/li>\n<li>No hard copies of Part 1 may be submitted. However, in cases where applications are submitted otherwise, a hard copy of Part 1has to be submitted<\/li>\n<li>Only relevant portions of part 2 need to fill up by the applicant.<\/li>\n<li>Certificate from the Banker of the applicant firm \u00a0in the format prescribed in the <a href=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2018\/12\/appnd-18a-2.doc\">Appendix 18A<\/a><\/li>\n<li>Self-attested copies of PAN Card or PAN issuing letter issued by Income Tax authority<\/li>\n<li>A self-addressed envelope with Rs.25\/- postal stamp for delivery of IEC certificate by registered post or challan\/DD of Rs.100\/- for speed post.<\/li>\n<\/ul>\n<p>REgistering an IEC Code can turn out to be a tedious task especially when you are handling major shipments and are in the process of setting up your export-import business. Here at <a href=\"https:\/\/www.legalraasta.com\/\">LegalRaasta<\/a>, we have comprehensive CA\/CS Services which help you register the <a href=\"https:\/\/applyiec.in\/\">IEC code\u00a0<\/a>with ease, in the quickest time and at the most competitive rates across the country.<\/p>\n<p>Call <span style=\"color: #3366ff;\">+91-8750048585<\/span> with your requirements like \u00a0\u00a0<a href=\"https:\/\/companyregistrationonline.in\/\">Company Registration<\/a>,\u00a0<a href=\"https:\/\/www.taxraahi.com\/gst\/\">GST Registration<\/a>,\u00a0<a href=\"https:\/\/www.legalraasta.com\/pan-card-registration\/\">PAN Card Registration<\/a>\u00a0as well as,\u00a0<a href=\"https:\/\/www.legalraasta.com\/import-export-code-iec-registration\/\">IEC Registration<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IEC Full Form, Definition Many times people say they have an &#8220;Import-Export Business&#8220;. It basically means they trade goods across international borders. In India, to be able to trade goods across the border it is necessary for an individual\/ company to acquire an IEC. IEC or Import Export (IE) Code is a registration which provides the [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":16266,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[560],"tags":[742,735,88,734,738,733,737,736,741,89,740],"class_list":["post-16244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-import-export","tag-export-code-india","tag-full-form-of-iec","tag-iec","tag-iec-full-form","tag-iec-import-export","tag-iec-india","tag-iec-means","tag-iec-stands-for","tag-import-code","tag-import-export-code","tag-import-export-code-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IEC Full Form, Eligibility, Validity, Application - LegalRaasta<\/title>\n<meta name=\"description\" content=\"Import export code is mandatory compliance for businesses\/ individuals involed in import and export. 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