IEC Stands for Import Export Code. No export or import shall be made by any person without an Import Export Code (IEC) number unless specifically exempted.
IEC is compulsory for both imports and exports to and from India. However, certain categories of importers are exempted from obtaining IEC.
Yes, having PAN is mandatory.
If You are an Individual - Pan Card of Individual.
If you are Firm or Company - Pan card of Firm/Company & Pan Card of Director/Partner
No Compliance needs to be done in the case, of Import Export Code (IEC). Once IEC issued by DGFT it is valid for a lifetime period. IEC is a compliance free document.
With Hubco you don't need to worry, just give us the scanned documents and two working days and you have your IEC Number in your hand.
With Hubco, it will take 3 to 4 working days to get an Import Export Code (IEC).
Nowadays, IEC will only be issued in digital format by the DGFT. No Physical copies are sent to applicant address.
Yes, you can easily modify the IEC information through Hubco.in, You just need to provide Hubco with the supporting of the modification and that's it, you are done.
No, only one IEC can be issued in a lifetime against one pan card.
On the basis of IEC, companies can obtain various benefits on their exports / imports from DGFT, Customs, Export Promotion Council, etc.
You need to login on DGFT website, and from there you can easily download the copy of the IEC allotted to you.
IEC is valid for the lifetime; there are no renewal charges for that.