The IEC and the RCMC
The code every exporting business needs, and the membership certificate that unlocks Foreign Trade Policy schemes.
- Foreign Trade (Development and Regulation) Act, 1992
- Foreign Trade Policy 2023, Chapter 2
- Handbook of Procedures 2023, Chapter 2
- Section 7 of the Foreign Trade (Development and Regulation) Act, 1992: no person makes any import or export except under an Importer-exporter Code Number granted by the Director General.
- No export or import of goods is made without an Importer-Exporter Code (IEC) unless specifically exempted (FTP 2023, para 2.05).
- The IEC is a 10-character code, the same as the firm's PAN, issued separately by DGFT on an online application.
- The IEC holder updates its details online every year between April and June; an IEC not updated is de-activated.
- A Registration-cum-Membership Certificate (RCMC) is needed to apply for an authorisation or any benefit under the Foreign Trade Policy; it comes from the export promotion council or commodity board for the exporter's main line of business.
- An RCMC is valid for five years from 1 April of the year it is issued. The Spices Board's and Coir Board's exporter certificates count as RCMCs.
How we help: Compliant Always keeps the IEC, the RCMC and the yearly IEC update with the exporter's record, dated, and shows what is due before the next shipment. Ask about this