IE Code E-KYC

IE Code E-KYC is an online verification process for Importer Exporter Code (IEC) holders, mandated by the Directorate General of Foreign Trade (DGFT). This process ensures that businesses engaged in international trade maintain updated and accurate information. It helps in preventing fraudulent activities and ensures compliance with government regulations. IEC holders must complete the E-KYC process periodically to keep their registration active and valid.

There are two types of IEC E-KYC: Aadhaar-based authentication for proprietors and Digital Signature Certificate (DSC)-based authentication for companies, partnerships, and other registered entities. The verification process involves updating essential details such as PAN, business address, and bank information through the DGFT portal. It is a straightforward and secure process that ensures the legitimacy of the business for seamless trade operations.

Completing IEC E-KYC on time prevents deactivation of the IEC and avoids any disruptions in import-export activities. It enhances trade security, maintains updated records with DGFT, and ensures smooth transactions with customs and financial institutions. Businesses failing to comply with IEC E-KYC requirements may face restrictions on their international trade operations, impacting their business growth.

Procedure for IE Code E-KYC

Simple Easy Process

Documentation

Filing Application

Deed Drafting

Verification

Uploading forms

Get Certificates

Why & benefits of IE Code E-KYC.?

IE Code E-KYC is an essential verification process mandated by the Directorate General of Foreign Trade (DGFT) to ensure the authenticity and compliance of businesses engaged in international trade. It helps maintain updated records of IEC holders, reducing the risk of fraudulent activities and unauthorized transactions. By completing E-KYC, businesses confirm their legitimacy, ensuring smooth operations in the import-export sector while promoting transparency.

One of the key reasons for IEC E-KYC is to prevent the deactivation or suspension of the IEC. Businesses that fail to complete the process may face restrictions, affecting their ability to carry out international trade. Regular verification ensures that only active and compliant businesses continue to operate, reducing the chances of misuse of IEC registrations.

A significant benefit of IEC E-KYC is that it simplifies interactions with banks, customs authorities, and financial institutions. Updated and verified information makes transactions easier, preventing unnecessary delays in customs clearance or financial dealings. It also ensures that businesses meet regulatory requirements, avoiding potential legal issues or penalties due to outdated or incorrect details.

Completing IEC E-KYC also enhances the credibility of businesses in the global market. International clients and trade partners prefer to work with companies that comply with official regulations, as it ensures trust and reliability. Having an active and verified IEC reassures stakeholders that the business is legitimate and operates in accordance with Indian trade laws.

With the introduction of digital verification, IEC E-KYC has become a seamless and efficient process. Businesses can update their details online without paperwork, making compliance easier and faster. This initiative supports the government’s efforts to modernize trade practices, ensuring a secure and well-regulated environment for Indian exporters and importers.

Documents Required

Identity proof

Address proof

Photograph

Cancelled Cheque/ Authorisation Letter

Company documents (except Individual/ proprietor)

Who Can Obtain IEC?
Any individual, proprietor, partnership firm, private limited company, public limited company, society, joint venture, or any other business entity can obtain an Importer Exporter Code (IEC) under the Directorate General of Foreign Trade (DGFT), governed by the Government of India.

Is There Any Government Fee?
Yes, there is a government fee for IEC registration under DGFT. The fee for individuals, proprietors, MSMEs, or any business entity is Rs. 500/- (five hundred rupees), which is a non-refundable charge.

How to Find IEC Registration Number?
The Importer Exporter Code does not have a separate license number; instead, it is linked to the applicant's 10-digit PAN. Once registered, the details can be found on the IEC certificate issued by DGFT.

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