If you’re planning to start an import-export business in Bangalore, obtaining an Importer Exporter Code (IEC) is the first and most crucial step. Issued by the Directorate General of Foreign Trade (DGFT), the IEC is a mandatory 10-digit code required for anyone who wishes to import or export goods and services from India.
In this blog, we’ll guide you through the entire process of IEC registration in Bangalore, including the eligibility, documents required, fees, and step-by-step instructions.
Why IEC is Important for Your Business
Whether you're an individual, partnership firm, private limited company, or any other legal entity, the IEC is a must-have if you want to engage in cross-border trade. Here’s why:
- Legal Requirement: IEC is legally required for importing and exporting from India.
- Customs Clearance: IEC is required by customs authorities when goods are cleared.
- Global Expansion: Enables businesses in Bangalore to go global and build international relationships.
- No Renewal Hassles: IEC is issued for a lifetime and doesn’t require renewal unless updated.
Who Can Apply for IEC in Bangalore?
- Individuals
- Sole proprietors
- Partnerships
- Private Limited Companies
- LLPs
- Trusts and Societies
You do not need to have a GST registration or be a registered company to apply for IEC.
Documents Required for IEC Registration
- PAN Card of the applicant (individual or business)
- Address Proof (electricity bill, rent agreement, or sale deed)
- Cancelled Cheque or Bank Certificate
- Passport-size Photograph (for individual applicants)
- Entity Documents (e.g., Certificate of Incorporation, partnership deed, etc.)
- Digital Signature Certificate (DSC) (optional but helpful)
How to Apply for IEC in Bangalore – Step-by-Step
Visit the DGFT Portal
Go to the official DGFT website: https://www.dgft.gov.in and register as a new user using your business or personal details.
Login and Choose IEC Application
Once registered, log in and choose the option to apply for a new IEC under the “Services” tab.
Fill in Business and Bank Details
Enter your business name, PAN, bank account details, and contact information. Make sure the details match the documents you upload.
Upload Required Documents
Upload scanned copies of your PAN card, address proof, cancelled cheque, and other applicable documents.
Pay the Application Fee
The current government fee for IEC registration is ₹500, payable online via net banking, UPI, or credit/debit card.
Submit and Track Application
After payment, submit the application. You’ll receive an acknowledgment with a reference number. Use it to track your application status.
Conclusion
IEC registration in Bangalore is a straightforward but essential step for any business looking to enter the world of international trade. With minimal documentation and a quick online process, you can get your IEC in just a few days. Whether you're a small startup or a growing business, having an IEC opens up vast opportunities for global expansion.
