Application
IEC applied for on the DGFT portal, linked to your PAN.
All business setup & registrations services
Business Setup & Registrations
Import Export Code (IEC)
Every business that imports or exports goods, and many that export services, needs an Import Export Code from the Directorate General of Foreign Trade. FinAura applies for your IEC, links it to your bank and GST, and makes the yearly update the DGFT requires so the code stays active.
- Certification through associate practising CAs and CSs
- Bangalore and across India
- One team from set-up to compliance
What is covered
What IEC Registration Covers
The code, connected to the rest of your export set-up, and kept active.
Bank linking
Bank details added so foreign payments can be traced.
GST and LUT
GST registration and LUT aligned for exports.
Yearly update
The annual update made so the IEC is not deactivated.
Changes
Address, directors or bank details updated.
Export documentation
Connected to customs, shipping and remittance paperwork.
How the month runs
How an IEC Is Obtained
Prepare, apply, connect, maintain.
Step 1
Prepare
- PAN and entity
- Bank details
- Address proof
Step 2
Apply
- DGFT portal
- IEC issued
- Certificate
Step 3
Connect
- GST
- LUT
- Bank
Step 4
Maintain
- Yearly update
- Changes filed
- Status checked
Your part
What We Need From You
- 01PAN of the business
- 02Bank certificate or cancelled cheque
- 03Address proof of the business
Our part
What You Get
- IEC certificate
- IEC linked to bank and GST
- Yearly updates made
A common question
Why does an IEC need updating every year?
The DGFT requires every IEC holder to confirm or update its details each year, even if nothing has changed. An IEC that is not updated can be deactivated, stopping shipments and payments.
We put the update on your compliance calendar.
See GST LUT and refundsActiveUpdated every year
LinkedBank, GST, LUT
IECIssued by DGFT
Who it is for
Who Gets an IEC With Us
First-time exporters
Starting to sell abroad.
Importers
Buying goods from overseas suppliers.
Service exporters
Where the IEC is needed for benefits or banks.
E-commerce sellers
Selling to customers abroad.
The rules, in plain English
What the Law Says
Foreign Trade (Development and Regulation) Act, 1992
IEC
No person may import or export without an Importer-Exporter Code from the DGFT, except where exempt.
Official source: dgft.gov.inForeign Trade Policy
Annual update
IEC holders update or confirm their details every year; codes that are not updated can be deactivated.
Official source: dgft.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
IEC Questions, Answered
Who needs an Import Export Code?
Businesses importing or exporting goods, and service exporters claiming export benefits. Some limited exemptions apply.
Is IEC linked to PAN?
Yes. The IEC is based on the business's PAN, and each PAN can have only one IEC.
Does an IEC expire?
It has no expiry, but it must be updated every year or it can be deactivated.
Do I also need GST and an LUT to export?
To export without paying IGST, a GST-registered exporter files an LUT each year. Our taxation team handles it.
Often Taken Together
All 15 Business Setup & Registrations services01Business Setup & RegistrationsLicences and RegistrationsTrade licence, Shops and Establishment, IEC for importers and exporters, and the other registrations your business needs.02Business Setup & RegistrationsStartup KitOne package for founders: MSME, Startup India and DPIIT, Shops and Establishment, trade licence and trademark, plus accounting set-up and your first compliance calendar.03Business Setup & RegistrationsSetting Up in India from AbroadWholly owned subsidiaries for foreign companies, with the reporting that follows the investment handled by our team and practising professionals.04Tax & ComplianceTaxationGST, income tax, TDS, tax planning and notice replies, from reconciled data.05Accounting & FinanceFinance OperationsReconciliations, payables, receivables and a predictable month-end close.