4 Common Mistakes to Avoid With Import Export Code Registration

Import Export Code Registration involves the registration required for any business or individual engaging in import or export of goods and services. While the process itself is usually straightforward, businesses commonly run into avoidable issues along the way. Here are the mistakes we see most often, and how to steer clear of them.

Mistake 1

Assuming IEC is required only for large-scale exporters.

Mistake 2

Letting bank account details go out of date without updating the IEC profile.

Mistake 3

Not linking IEC properly with customs and banking systems.

Mistake 4

Ignoring periodic profile update requirements.

How to Avoid These Issues

Most of these mistakes come down to preparation. Having the right documents ready — PAN of the business or individual, Bank account details and a cancelled cheque, Proof of business address, among others — and understanding the process before you start goes a long way toward a smooth outcome with the Directorate General of Foreign Trade (DGFT).

Quick Reference: What You'll Need

• PAN of the business or individual
• Bank account details and a cancelled cheque
• Proof of business address
• Digital Signature Certificate for online application