IEC Code Application for Partnership Firm
If you are a Partnership firm looking to start export import business then we can help in getting IEC code which is required for custom clearance, claiming export benefits
- Get IEC code in 1 to 3 days
- No physical documents required
If your partnership firm plans to start importing or exporting goods or services from India, getting an IEC Code is required to get custom clearance, receive foreign payments, or avail export benefits. IEC stands for Import Export Code, a 10-digit number issued by the Directorate General of Foreign Trade (DGFT).
This guide explains the IEC code application process for a partnership firm, documents required, fees, timeline, and common mistakes to avoid.
What Is an IEC Code?
An IEC Code is a one time registration issued by DGFT under the Foreign Trade Policy. It remains valid for the lifetime of the business unless cancelled or surrendered but should be renewed every year. IEC code is same as partnership firm PAN number.
For a partnership firm, the IEC is issued in the name of the firm, not individual partners.
Who Needs an IEC Code?
A partnership firm must apply for IEC if it is involved in:
- Importing goods into India
- Exporting goods from India
- Claiming export incentives or benefits
A Partnership firm selling services do not need IEC. If you want to claim export benefits in services then IEC number is required
Benefits of IEC Code for Partnership Firm
- Easy customs clearance of goods
- Ability to receive export payments in foreign currency
- Eligibility for export incentives and benefits
- Lifetime validity with no renewal cost
Documents Required for IEC Code
- PAN Card of the Partnership Firm
- Partnership Deed
- PAN & Aadhaar of Managing Partner
- Address proof (electricity bill / rent agreement / telephone bill / sale deed, etc.)
- Cancelled Cheque or Bank Certificate in the name of the partnership firm
- Active Mobile Number & Email ID
IEC Code Application Process for Partnership Firm (Online)
Step 1: Visit DGFT Portal
Go to the official DGFT website and register using your PAN, mobile and email
Step 2: Login in portal
Login using the registered email id and password
Step 3: Fill IEC Application Form
Enter business details such as:
- Firm name
- Partner details
- Address
- Bank details
- Nature of business
Step 4: Upload Documents
Upload scanned copies of required documents in the prescribed format.
Step 5: Pay Government Fee
Pay IEC application fee of ₹500 online.
Step 6: Submit and Track Application
After submission, you can track the status online.
In most cases, IEC is issued within 1 to 3 working days.
Mistakes to Avoid
- Using partner’s PAN instead of firm PAN
- Mismatch between bank details and firm name
- Uploading unsigned partnership deed
- Incorrect address or outdated documents
- Inactive mobile number or email ID
Even small errors can delay approval or lead to rejection
Can IEC Be Modified Later?
Yes. If there is any change in address, bank details, or partners, IEC details can be updated online through the DGFT portal without any extra government fee.
How We Can Help?
Applying for IEC may look simple, but incorrect filing often causes delays. A R Dhorajiya & Co. assists partnership firms with complete IEC registration, document verification, and error free filing so you can start your import export business without stress.
You can call or whatsapp us at +91 9769647582
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