IEC is a 10-digit code which has lifetime validity. IEC code is effective for the lifetime of an entity and requires no renewal. After it is obtained, it could be used by an entity against all export and import transactions.
It is essential to update the Importer Exporter Code (IEC) annually between April and June for the corresponding financial year, with June 30th being the final deadline. Timely updating of the IEC is crucial for uninterrupted import-export operations.
If an IEC is not updated within the specified time, it will be deactivated. On successful up-gradation, an IEC that has been de-activated can be re-activated. This would be in addition to any additional actions taken for violations of the FTP's (Foreign Trade Policies) other requirements.
An IEC shall be de-activated, if it is not updated within the prescribed time. IEC so de-activated may be activated, on its successful updation. This would however be without prejudice to any other action taken for violation of any other provisions of the FTP. An IEC may be also be flagged for scrutiny.
What We Do
The Import Export Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Government of India. It is mandatory for any business or individual to have an IEC if they wish to import or export goods or services from India.
ICEGATE is the electronic gateway developed by Indian Customs that facilitates e-filing of documents for importers, exporters, and customs brokers. It is an online platform where stakeholders can access services and make electronic transactions with Customs.
The AD Code is a code given by an authorized dealer bank in India, which is mandatory for every importer or exporter while engaging in international trade.
Port Registration refers to the process of getting your company registered at a specific port to handle the import or export of goods. This ensures that your business can access port facilities for shipping goods.
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