An IEC Certificate is a legal authorization issued by the Directorate General of Foreign Trade (DGFT) that allows an individual or business to import goods into India or export goods and services from India.
An IEC Certificate is a legal authorization issued by the Directorate General of Foreign Trade (DGFT) that allows an individual or business to import goods into India or export goods and services from India.
Yes. IEC Registration is mandatory for service exporters if they are receiving payments in foreign currency from overseas clients, except in specifically exempted cases.
Yes. Any individual with a valid PAN and bank account can apply for an IEC Certificate without forming a company or firm.
The IEC Certificate has lifetime validity. There is no renewal requirement, but annual updating of details on the DGFT portal is mandatory.
The official government fee for IEC Registration is ₹500, payable online through the DGFT portal.
If documents are accurate, IEC is usually issued within 1–3 working days. In many cases, it is approved within 24 hours.
No. IEC is not required for personal imports or exports that are not connected to trade or business activities.
Yes. IEC details such as address, bank account, or authorised signatory can be modified online through the DGFT portal at any time.
If the annual IEC update is not completed, DGFT may deactivate the IEC, which can block customs clearance and foreign remittances.
No. Only one IEC is allowed per legal entity or PAN, irrespective of the number of branches or business locations.