The Import-Export Code (IEC) is issued by the Directorate General of Foreign Trade (DGFT) in India. Any entity, individual, or organization engaging in import or export activities can apply for the IEC. Here’s who is eligible:
1. Individuals
- Eligibility:
- Sole proprietors involved in importing or exporting goods or services.
- Requirements:
- A valid PAN card.
- Proof of identity (Aadhaar card, passport, voter ID).
- Bank account details linked to the individual’s name.
2. Businesses
- Eligibility:
- Companies, partnerships, LLPs, and other registered entities conducting import-export activities.
- Requirements:
- Business PAN card.
- Proof of business registration (e.g., GST certificate, incorporation certificate).
- Bank details in the name of the business.
3. Exporters of Services
- Eligibility:
- Individuals or businesses exporting services and receiving foreign currency payments.
- Requirements:
- Proof of service export activity (e.g., invoices or contracts).
- Foreign exchange earnings exceeding the threshold specified by the DGFT.
4. E-Commerce Sellers
- Eligibility:
- Businesses or individuals involved in cross-border e-commerce platforms (e.g., Amazon Global, eBay).
- Requirements:
- PAN card.
- Proof of online sales activity or marketplace registration.
5. NGOs and Trusts
- Eligibility:
- Non-governmental organizations or trusts importing/exporting goods related to their activities (e.g., books, medical supplies).
- Requirements:
- Registration certificate of the NGO or trust.
- PAN card in the organization’s name.
6. Startups
- Eligibility:
- New ventures looking to expand globally through imports or exports.
- Requirements:
- PAN card of the business or individual.
- Proof of business registration or startup recognition.
7. Importers of Goods
- Eligibility:
- Any entity or individual importing goods into India for commercial purposes.
- Requirements:
- PAN card.
- Proof of transaction or customs clearance documents.
8. Exporters of Goods
- Eligibility:
- Any entity or individual exporting goods to other countries.
- Requirements:
- PAN card.
- Proof of trade agreements or shipping documents.
Who Does Not Require IEC?
- Personal Use:
- Import/export of goods for personal use not connected to trade, manufacturing, or business.
- Government Exemptions:
- Ministries, departments, and other government-notified entities are exempt from obtaining IEC.
Key Considerations
- Mandatory for International Trade:
- An IEC is required for importing goods, exporting goods, or receiving foreign exchange for services.
- Unique Identification:
- A single IEC is issued for one PAN card, making it unique to the individual or entity.
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