Export import codes are important for importers at the time when shipments get cleared from customs and when funds are sent overseas. For exporters, it is essential when money is transferred to their bank accounts and when sending in their shipments.

Any business that wishes to commence its import or export business in India will require an Import Export Code (IEC). The Director General of Foreign Trade issues the Import Export Code, and it is essentially a 10-digit code that is valid for the lifetime of the business. Importers will not be allowed to import commodities if they do not have the Import Export Code, and exporters will not be able to claim export benefits from the Director General of Foreign Trade unless they have an Import Export Code.

• A copy of the company’s or firm’s or proprietor’s PAN card.
• A copy of the passport or Aadhaar card or Voter’s ID of the individual.
• A copy of a cancelled cheque of the current bank account of the firm or company or proprietor.
• A copy of the premise’s electricity bill or rent agreement.

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