What is an IEC
The Import Export Code was designed to be issued once and used forever. It is not a tax registration, so there are no returns to file, but it is a mandatory identifier for customs, banks and Export Promotion Councils. From April 2022, IEC holders must confirm or update their profile on the DGFT portal every year between April and June; BharathInCorp does this for clients as part of the compliance retainer.
Why Register
Without a valid IEC, no importer can clear goods at any Indian port, and no exporter can generate a shipping bill.
Banks require the IEC to credit or debit foreign currency to an Indian business account, whether for services or goods.
Issued once, used forever. No annual fees or renewal, only a yearly online confirmation that takes minutes.
An IEC lets you open an Exchange Earners Foreign Currency account to hold up to 100% of your export earnings in USD, EUR or GBP.
Required to claim RoDTEP, RoSCTL and Duty Drawback benefits from the government against your export shipments.
Selling on Amazon Global, Etsy International or eBay across borders requires a valid IEC linked to your seller account.
Who Qualifies
Simple entry criteria that most Indian founders and businesses already meet.
Documents Required
We collect these once and handle every portal interaction on your behalf.
The Process
Your dedicated specialist handles every filing. You track progress from your dashboard.
Our specialist calls within an hour to confirm business type, HS code intent (import, export or both) and collect KYC documents.
We create your DGFT portal profile using your PAN and link your Aadhaar or DSC for signing the application.
The IEC application (Aayat Niryat Form 2A) is filed with all mandatory annexures, business proof and bank certificate.
The Rs 500 government fee is paid online through the DGFT portal. Receipt is retained on your dashboard.
DGFT issues the IEC electronically, typically within 1 to 2 working days. Physical certificates were discontinued in 2018.
We advise on RCMC registration with the relevant Export Promotion Council if you plan to claim export incentives.
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