Import Export Code Verification vs. Application: What’s the Difference?
What Is an Import Export Code (IEC)?
It is worth pausing, before we consider the difference, to briefly review what IEC really is.
The name IEC is the short form of Import Export Code (10-digit unique number provided by the DGFT- Directorate General of Foreign Trade). Any person or company in India is not allowed to import or export without an IEC.
Whether you want to:
Import Goods
Import goods from China
Export Textiles
Export textiles to Dubai
Trading Firm
Open a trading firm in Surat
Global Market
Market your products all over the world
…you must have a valid IEC.
What Is an IEC Application?
An application for a new Import Export Code is called an IEC Application and is done at DGFT.
The IEC Application Purpose
IEC Application is for:
New Businesses
Companies starting import-export operations
Entrepreneurs
Persons intending to export or import
MSMEs
Small businesses expanding globally
E-commerce
E-commerce exporters
Services
Service exporters
In case you do not have an IEC yet, you are required to fill out this application.
Requirements of the IEC Application
DGFT necessitates the following documents during the application, and they include:
PAN card of the personality or company
Aadhaar card
Bank details
Business address proof
OTP verification email & phone number
In its turn, DGFT takes your application and produces your IEC.
Top Ten Errors made by beginners in the application of IEC
A lot of beginners in Surat commit the following errors:
- Wrong business name entries
- Mismatched PAN details
- Bank account not properly connected
- Incorrect address proof
- Using the mobile/ email of another person
- Late submission of documents in improper forms
Important Note
These failures slow down IEC approval. At Yuva Training Institute of Import Export, you learn the very procedure and the common corrections, and hence your application is convenient and quick.
What Is Import Export Code Verification?
The next step is the crucial one: Import Export Code Verification.
The process of verification of IEC in DGFT records (whether it is valid, active, and accurate) is called IEC Verification. This is essential to the exporters, importers, suppliers, banks, and logistics partners.
What is the reason why import export code verification is necessary?
You must verify the IEC when:
Successful Issuance
You would like to know whether your IEC was issued successfully
New Partners
This is a new international supplier or buyer that you are dealing with
Before Shipping
Make sure that the IEC is on before shipping
Update Information
You have to update or change existing IEC information
Legitimacy Check
You must ensure that IEC legitimacy is adhered to
Verification ensures you against:
- Fake exporters
- Fraud buyers
- Wrong documentation
- Shipment delays
- Customs complications
In brief, Import Export Code Verification is a security measure.
How IEC Verification Works
The IEC Verification is done directly at the DGFT portal. You simply:
Go to the DGFT IEC verification official site
Enter the 10-digit IEC
Input the name of the company or PAN
Submit the details
Status and validity are shown in the DGFT portal
Should all be well, then your IEC is confirmed.
When Verification Fails in Cases
Verification may fail if:
- IEC is cancelled
- Information about the holder of the IEC is mismatched
- Non-updation is the cause of the inactivity of the IEC
- Business revised its address and did not revise the IEC
- The wrong IEC number is typed
- Fraud IEC is being used
Critical Warning
The cases should be solved as soon as possible to prevent legal issues.
The Key Difference between IEC Application and Import-Export Code Verification
We may simplify it to very simple words.
IEC Application = Getting Your Code
You apply. You submit documents. DGFT issues your 10-digit IEC.
Import Export Code Verification = Check Your Code
You check whether or not the IEC exists, is legitimate, and active in DGFT records.
Here's a simple comparison:
| Process | Purpose | Who Needs It |
|---|---|---|
| IEC Application | To receive a NEW IEC number | Novices and new companies |
| IEC Verification | To ascertain IEC accuracy and validity | All exporters/importers |
Do You Need Both? Definitely Yes.
Without IEC Application
You cannot start
Without IEC Verification
Fraud, shipping problems, and compliance mistakes
The need to undergo IEC Verification by Surat Traders
Surat is known for:
Textiles
Leading textile manufacturing hub
Diamonds
Major diamond cutting and polishing center
Chemicals
Chemical manufacturing and export
Handicrafts
Traditional handicraft exports
Engineering
Engineering products manufacturing
Most exporters of Surat interact with new suppliers and foreign buyers every month. That is why Import Export Code Verification is planned to be strongly important.
Helps You Avoid Fraud
The IEC details of foreign buyers or suppliers should be checked before working with them.
Eliminates Loss or Delay of Shipment
In case of inactive or mismatched IEC, the shipment will be halted by the customs.
Develops Trust With Global Compromisers
An authenticated IEC assists in fostering reputation in the international markets.
Yuva Training Institute Assists in IEC Application and Verification
Our institute not only offers theory on import-export, but also practice.
Becoming certain with IEC processes with us will be like this:
Live Demonstration Process
We demonstrate to you how to do an IEC Application and IEC Verification on the DGFT portal
Real Case Studies
Real export-import scenarios of Surat businesses are shared by us
Documentation Support
You are taught how to make the documentation for the DGFT, Customs, and Banks
Offline and Online Batches
You may choose to study either online or offline as you find convenient
Government-Certified Training
You are certified by the industry and other supporting bodies of DGFT
Who Should Join Our Course?
- Students
- Working professionals
- Business owners
- Home-based export: housewives
- Businessmen who are initiating new import-export businesses
Final Thoughts
IEC Application provides your identity for import-export.
Verification of the Import Export Code guarantees the validity of identity in international trade as an active and trusted one.
Call to Action
To receive knowledge about IEC Application, Import Export Code Verification, and full practicality of import-export processes, become a part of Yuva Training Institute of Import Export today.
Our training is also practical and real-world, accompanied by field trips to the industry, live case studies, and government certification.
Join Yuva Training InstituteGo on our next shipment and begin your worldwide trade adventure!
Frequently Asked Questions
Yes, in the absence of an IEC, you cannot import or export legally.
Typically 120-130 working days in case documents are fine.
Any time you update your information or deal with new partners.
No, DGFT verification is free.