About Importer Exporter Code
Import Export (IE) Code is a 10 digit registration number issued by the Director General of Foreign Trade. It is required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India.
An IE Code is required for undertaking import of export transactions and availing benefits under schemes like SEIS or MEIS.
IE Code registration is permanent registration valid for a lifetime. Hence, there are no hassles for updating, filing and renewal of IE Code registration. It is valid until the business exists or the registration is revoked or surrendered. Further, unlike tax registrations, the importer or exporter does not require to file any filings or follow any other compliance requirement like annual filing.
As IE code registration is one-time and requires no additional compliance, it is recommended for all companies and LLPs to obtain IE code after incorporation.
It is only under following import/export that IEC is not mandatory:
a) Import/export of goods for personal use. These goods must not be connected with trade, manufacture or agriculture.
b) Import/export by government ministries, departments and notified charitable organizations.