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Why an Import & Export License Is Essential for Your Business
If you’re planning to take your business to global markets, having a valid Import and Export License is mandatory. In India, the license is issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce. This license, also known as an IEC (Import Export Code), allows Indian companies and individuals to engage in cross-border trade legally.
At Power of Factorial Business Solutions, we simplify this process and ensure quick, error-free licensing — making your global trade journey seamless.
What Is an Import & Export License?
Definition of IEC (Import Export Code)
An Import Export Code (IEC) is a 10-digit number issued by DGFT. It is a key identification for any business involved in importing or exporting goods and services in India.
Why Do You Need an Import & Export License?
Mandatory for International Trade
No importer/exporter can operate legally in India without an IEC.
Access to Global Markets
An IEC opens the door for international partnerships, shipping products abroad, and sourcing globally.
Avail Benefits from Customs & Export Councils
With a valid IEC, businesses can claim various government export incentives, subsidies, and enjoy smoother customs clearances.
Documents Required for IEC Registration
For Proprietors, LLPs, Partnerships & Companies:
PAN Card of the business or individual
Aadhar Card or Voter ID of applicant
Business address proof (Electricity Bill/Lease Agreement)
Cancelled cheque or bank certificate
Passport-size photo
Digital signature (for online filing)
Step-by-Step Process for IEC Code Registration
1. Preparation & Validation of Documents
Ensure all required documents are clear, valid, and updated.
2. Filing Application on DGFT Portal
We help you fill and submit the application under DGFT norms.
3. Verification & Approval
Once submitted, the DGFT reviews the application and issues the IEC electronically.
4. Get Your IEC Certificate
Usually issued within 1–3 working days if documents are correct.
Why Choose Power of Factorial for Your IEC License?
Experienced Compliance Experts
Our team ensures 100% document accuracy and fast application processing.
End-to-End Support
From consultation to certification, we handle it all.
Trusted by 1000+ Clients
We are one of the top-rated IEC registration consultants in KR Puram, Bangalore.
Who Should Apply for Import Export License?
Manufacturers aiming to export goods
Traders importing raw materials
E-commerce sellers exporting products
Startups planning global expansion
Individuals planning to source from other countries
Common Mistakes to Avoid
Submitting incorrect PAN details
Using personal address instead of business proof
Not linking bank account to business PAN
Failing to renew/update IEC when required
FAQs on Import & Export License
1. Is IEC mandatory for exporting services?
Yes, even service exporters must obtain IEC to receive foreign remittances legally.
2. How long is an IEC valid?
It is valid for a lifetime but must be updated annually.
3. Is GST required to get an IEC?
GST is not mandatory for IEC, but having it improves credibility and is essential for most businesses.
4. Can I update my IEC details later?
Yes, the DGFT portal allows updates like change of address, bank details, or contact info.
5. How long does it take to get an IEC?
Usually within 1–3 business days if documentation is proper.
Call to Action
Ready to start importing or exporting?
Trust Power of Factorial Business Solutions for fast & reliable IEC Registration.
📞 Call Us: +91 8105021287
📩 Email: poweroffactorial024@gmail.com
🌐 Website: www.poweroffactorial.in
