No export or import shall be made by any person without obtaining an IEC unless specifically exempted. For services exports, however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.
IEC is required in the following situations
When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
When an importer sends money abroad through banks then it’s needed by the bank.
When an exporter has to send his shipments then it’s needed by the customs port.
When an exporter receives money in foreign currency directly into his bank account then it’s required by the bank.
Documents Required for IE Code Application
Photograph of Proprietor/Designated partner/Authorized director
Pan Card of Proprietor/Designated partner/Authorized director
Copy of Passport (first & last page)/Voter’s I-Card/ Driving Licence/UID (Aadhar card) (any one of these)