IEC is generally relevant to businesses that import or export goods.
For service or technology exports, applicability should be reviewed against the business model, Foreign Trade Policy benefits, and any applicable exemptions or conditions. Businesses involved in international buying and selling, supply chains, manufacturing exports, trading, distribution, or export activity should consider IEC requirements before starting transactions.
Importers and exporters
Manufacturing exports
Trading and distribution
Audience
Who is this for?
Goods traders
Importers and exporters of goods.
Supply chains
Businesses in international supply chains and distribution.
Service exporters
Service or technology exporters who need to review applicability.
The process
What it involves
The process generally requires entity or proprietor details, PAN, bank details, address proof, contact details, and authorised signatory information. IEC details may also need annual confirmation or updating within the prescribed period.
Eraqus helps businesses determine whether IEC is required, organise documents, coordinate registration support, and link IEC with accounting, GST, export documentation, banking, and tax considerations.
01
Determine whether IEC is required
02
Gather entity, PAN, and bank details
03
Collect address proof and signatory details
04
Coordinate registration
05
Link with accounting, GST, and banking
06
Plan annual confirmation or update
Before you begin
Key considerations
01
Whether IEC applies to the business model.
02
Entity and PAN details.
03
Bank and authorised signatory details.
04
Annual confirmation or update, where applicable.
05
Connection with GST, banking, and export documentation.
After incorporation
Ongoing compliance and the right choice
IEC should be treated as part of a wider trade compliance and financial documentation framework.
Applicability for exporting services or technology should be reviewed based on the business model, Foreign Trade Policy benefits, and any applicable exemptions or conditions.
Describe where your business stands and what you plan next. The team will help you understand the structure, documentation, and compliance that fit your situation.