Import Export Code Registration

An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India.

IEC is required in the following situations

1. When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
2. When an importer sends money abroad through banks then it’s needed by the bank.
3. When an exporter has to send his shipments then its needed by the customs port.
4. When an exporter receives money in foreign currency directly into his bank account then its required by the bank.

Validity of IE Code

Import Export Code Registration is permanent registration which is valid for a lifetime. Hence, there will be no hassles for updating, filing and renewal of Import Export Code registration. It is valid until the business exists or the registration is revoked or surrendered. Further, unlike tax registrations like GST registration or PF registration, the importer or exporter does not require to file any filings or follow any other compliance requirement like annual filing.