Rajan, a toy manufacturer wants to export toys to Thailand. He seeks your advice on the requirement of Import Export Code (IEC) for exporting toys to Thailand. Advise Rajan along with the documents required for obtaining

Import Export Code (IEC) registration is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods require registering Import Export Code. Import Export Code has lifetime validity. Importers are not allowed to proceed without this code and exporters can't take benefit of exports from DGFT, customs, Export Promotion Council, if they don't have this code. The Import Export Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, Import Export Code must be quoted while sending shipments and banks require the exporters IE Code while receiving money from abroad. Thus, Rajan needs to apply for IEC for exporting toys to Thailand. The following documents are required for obtaining IEC: Personal or Company or Firm Pan Card Copy. Personal Aadhar card or Voter ID or Passport copy. Personal or company or firm current bank account cancel cheque copy. Electricity Bill Copy or Rent Agreement or Sale deed of the premise copy.