Without an IEC, customs will not clear your import or export shipment, and banks will not process foreign currency transactions. The IEC also acts as your primary business identifier with DGFT, customs, AD banks, and export promotion councils.
Apply on DGFT portal with PAN and Aadhaar; receive IEC in 1-3 working days.
Obtain IEC, register with AD bank for foreign remittance, and comply with customs procedures.
IEC is required for receiving foreign remittance under the Foreign Exchange Management Act.
IEC is mandatory for shipping goods via Amazon Global, eBay, Shopify, and similar platforms.
Applying for IEC before the first export shipment, updating IEC details (address, director, bank account), surrendering IEC when business closes, responding to DGFT show-cause notices for non-fulfilment of export obligations, or claiming benefits under Foreign Trade Policy schemes.
IEC must be updated on the DGFT portal within 90 days of any change in address, directors, or bank account. Failure to update can result in IEC deactivation, blocking customs clearance, and denial of export benefits under schemes like RoDTEP and MEIS.
We apply for your IEC, update details on the DGFT portal whenever there is a business change, and help you access Foreign Trade Policy schemes (RoDTEP, MEIS, EPCG, Advance Authorisation). We also assist with bank AD code registration and customs broker coordination.
