Practice Brief • Registrations, Licenses & Regulatory Compliance
Export Import License (IEC Code)
DGFT IEC code registration, annual modification, RCMC registration, and foreign trade support.
Turnaround: 24 to 48 hours for IEC; 5-7 days for RCMC
Practice Lead: CA. R.A. Dhoot & Foreign Trade Desk
Practice Methodology & Regulatory Scope
Engaging in global commerce requires an active IEC linked to your PAN and bank account. We obtain new IEC codes, conduct mandatory annual verification on the DGFT portal, obtain Registration Cum Membership Certificates (RCMC) with relevant Export Promotion Councils, and assist with trade documentation.
Governing Statutory Acts & Guidelines
Foreign Trade (Development and Regulation) Act 1992
Foreign Trade Policy 2023
DGFT Public Notices
Tangible Client Deliverables
1
IEC Code issuance Certificate from the Directorate General of Foreign Trade (DGFT)2
Mandatory annual IEC profile update between April and June3
RCMC Registration with Export Promotion Councils (EEPC, APEDA, FIEO, etc.)4
Authorized Dealer (AD) Code registration at customs ports (ICEGATE)5
Advisory on duty drawback, RoDTEP, and Advance Authorisation schemesMeasurable Enterprise Safeguards
Unrestricted international trade and customs clearance across Indian ports
Access to export incentives and export credit insurance support
Zero risk of IEC deactivation due to non-verification
Statutory Practice FAQs
Q: Is annual renewal required for an IEC Code?
A: An IEC code does not expire, but DGFT mandates that every IEC holder must update and verify their details annually on the DGFT portal between April and June, even if there are no changes, to avoid deactivation.
Partner Consultation
Engage Practice Partner
Schedule an in-person chambers discussion or encrypted virtual conference with our senior practice leader.
Designated Partner Lead:
CA. R.A. Dhoot & Foreign Trade Desk
ICAI Fellow Chartered Accountant
Strict client confidentiality maintained under ICAI Code of Ethics.