IEC Registration
What is IEC (Import Export Code)?
The Importer Exporter Code (IEC) is a 10‑digit registration number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, Government of India. It works as a unique identity for any business that wishes to import goods into India or export goods from India to overseas markets.
IEC registration is mandatory for most import–export activities. Banks, customs authorities and shipping lines use this number to process international trade documents. Without a valid IEC, a business in Mumbai (or anywhere in India) cannot clear goods through customs, receive export incentives or make foreign currency transactions for trade purposes.
In Mumbai, which is one of India’s largest trading hubs with major ports and airports, IEC registration is especially important for traders, manufacturers, e‑commerce exporters and service providers who cater to global clients.
Benefits of IEC Registration for Businesses in Mumbai
Obtaining an IEC opens up global opportunities for Mumbai‑based businesses and brings several advantages:
- Access to international markets: Enables you to import raw materials and export finished goods or services worldwide.
- Banking & customs clearance: Required by banks for foreign remittances and by customs authorities for shipping and clearance.
- Government benefits: Helps you claim export promotion schemes, duty drawbacks and other incentives offered to exporters.
- Lifetime validity: IEC is generally issued with long‑term validity, so once registered you can use the same code for all future imports and exports from Mumbai.
- Enhanced business credibility: Showcases your organisation as a compliant, globally oriented business, which builds confidence with overseas buyers and suppliers.
Validity of IEC (Import Export Code)
Once issued, an Import Export Code (IEC) works as a permanent registration for your import–export business. The IEC itself does not expire, but as per the latest DGFT system, every holder must confirm and update their IEC details online on a regular basis so that the code stays active and traceable.
If the IEC is not confirmed within the prescribed time, it may be temporarily deactivated by DGFT. A deactivated IEC can delay customs clearance, bank remittances and export incentive claims until it is re‑activated.
To avoid any disruption, businesses should schedule a quick online review of their IEC profile each year, especially if there are changes in address, directors, bank details or nature of business.
IEC Registration – Essential Facts for Businesses
- One IEC per PAN: A business or individual can obtain only one IEC against a single PAN, which is then used for all import and export transactions.
- Linked with PAN: The IEC number is generated on the basis of your Permanent Account Number, making it easy for banks and customs to verify your profile.
- Changes are allowed: Details such as address, contact information, bank account and directors can be updated any time through the DGFT portal.
- No periodic returns: IEC holders are not required to file monthly or annual returns only because they have an IEC; other regulatory filings, however, may still apply.
Why Choose Our Firm for IEC Registration in Mumbai?
We assist Mumbai‑based traders, manufacturers and service exporters with a smooth IEC registration and update process so they can focus on growing their international business.
- End‑to‑end online support: From preparing documents to filing the IEC application on the DGFT portal, we manage the complete workflow.
- Compliance‑first approach: We ensure your IEC profile is aligned with current DGFT notifications and banking requirements.
- Quick turnaround: Our team tracks your application, responds to DGFT queries and keeps you updated at every step.
- Post‑registration assistance: We also help with future IEC amendments, annual confirmations and advisory on export incentives.
Looking for a GST Registration Services in Mumbai?
If you are looking to get your business registered under GST or apply GST Registration online or planning to avail GST consultation services contact Moeen & Associates LLP being GST Consultant and CA In Mumbai feel free to reach out to us at info@camoeen.com or contact us on +91 9867997206, we are happy to help you with seamless GST solutions.