What is an Import Export License (IEC Code)?
An Import Export License (IEC Code) is a mandatory registration for businesses involved in international trade. Issued by the Directorate General of Foreign Trade (DGFT), India, the IEC is a unique 10-digit number required for customs clearance and foreign transactions.
Why Do You Need an Import Export License?
✔️ Legal Requirement for import-export businesses in India.
✔️ Enables Global Trade by allowing transactions with international partners.
✔️ Customs Clearance without delays.
✔️ Access to Government Schemes and export benefits.
✔️ Avoids Legal Penalties for unauthorized international trade.
Documents Required for Import Export License Registration To apply for an import export license, you need:
✅ PAN Card of the business owner or entity.
✅ Aadhaar Card or Passport for identity verification.
✅ Business Registration Certificate (GST, MSME, or Incorporation proof).
✅ Bank Account Details and Cancelled Cheque.
✅ Address Proof (Utility bill, rental agreement, or company registration documents).
✅ Digital Signature Certificate (DSC) for online filing.
Step-by-Step Procedure to Get an Import Export License
Step 1: Register on the DGFT Website
• Visit DGFT's IEC Registration Portal and sign up.
Step 2: Fill the Online Application Form
• Select “Apply for IEC” and provide business details.
• Upload the required documents in PDF format.
Step 3: Pay the Import Export License Cost
• Government fees for IEC Registration: ₹500.
• Online payment through Net Banking, Debit/Credit Card, or UPI.
Step 4: IEC Code Approval & Download
• Once approved, download your IEC Certificate from the portal.
Import Export License Cost in India
|
Service |
Govt Fees (₹) |
Processing Time |
|
IEC Registration |
₹500 |
1-2 Working Days |
|
Modification of IEC |
₹200 |
1-2 Working Days |
|
Renewal of IEC |
₹500 |
Annually |
Checking Import Export License Status You can check your IEC code registration status on the DGFT Portal by entering your PAN number and application reference ID.
FAQs on Import Export License
What is the cost of an import export license in India?
The government fees for IEC registration in India are ₹500.
How long does it take to get an IEC Code?
It takes 1-2 working days to process an IEC application after submission.
Can I apply for an import export license online?
Yes, the entire process is online via the DGFT Portal.
Is GST mandatory for IEC registration?
No, GST is not mandatory for obtaining an IEC unless the business is registered under GST.
Get Expert Assistance for Import Export License Registration Register your import export license hassle-free with expert guidance from NG & Associates. Contact us today!
Educate businesses on obtaining an import export license, ensuring compliance with trade laws while facilitating global trade opportunities with NG & Associates.
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