Import Export Code (IEC)

Import Export Code is generally important for businesses involved in importing or exporting goods. For export of services or technology, IEC applicability should be reviewed based on the business model, benefits under the Foreign Trade Policy, and applicable exemptions or conditions.

IEC supports cross-border trade readiness. A business involved in international buying, selling, supply chains, manufacturing exports, trading, distribution, or export-related activity should consider IEC requirements before beginning transactions.

Who is this for?

• Importers and exporters of goods
• Businesses in international supply chains and distribution
• Service or technology exporters reviewing applicability

What it involves

The process generally requires entity or proprietor information, PAN, bank details, address proof, contact details, and authorised signatory information. Once obtained, the IEC details may also require annual confirmation or update within the prescribed period.

Eraqus Advisors helps businesses understand whether IEC is required, organise documents, coordinate registration support, and connect IEC with accounting, GST, export documentation, banking, and tax considerations.

Key considerations

• Whether IEC applies to your business model
• Entity, PAN, bank, and authorised signatory details
• Annual confirmation or update where applicable
• Connection with GST, banking, and export documentation

Ongoing compliance

IEC should be treated as part of a wider trade compliance and financial documentation framework.