Importer-exporter code compliance governs online trade registration, authorisation validity, and continuing obligations for cross-border goods movements. Importer Exporter Code is ordinarily compulsory for imports and exports, subject to specified exemptions. IEC applications are made electronically with ... Summary
Importer-exporter code compliance governs online trade registration, authorisation validity, and continuing obligations for cross-border goods movements.
Importer Exporter Code is ordinarily compulsory for imports and exports, subject to specified exemptions. IEC applications are made electronically with prescribed documentation, have permanent validity unless suspended or cancelled, cover the holder's units, and are limited to one IEC per PAN. Holders must update changes in constitution, address, bank details, and other primary particulars, maintain an importer-exporter profile, and may surrender an IEC only after closure or transfer of relevant authorisations and obligations. A new PAN following restructuring requires a new IEC, with possible linkage and transfer of unredeemed authorisations.
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