Getting Started: IEC, AD Code & RCMC
The registrations every importer and exporter needs.
Key facts
- IEC (Importer Exporter Code) from DGFT is mandatory for most imports and exports. It is the same number as the business PAN, issued online, and must be updated every year between April and June.
- AD Code: register your bank's Authorised Dealer code on ICEGATE for each port you export from, so export proceeds and incentives are linked to your account.
- RCMC (Registration-cum-Membership Certificate) from the relevant Export Promotion Council or commodity board is needed to claim most Foreign Trade Policy benefits.
- ICEGATE registration is needed to file and track shipping bills and bills of entry, IGST refunds and drawback.
- GST: exporters register under GST and either export under LUT without paying IGST or pay IGST and claim a refund.
- Some goods need extra licences: FSSAI for food imports, BIS for notified products, plant quarantine, drug licences and so on.
Common questions
What registrations do I need to start exporting?
IEC from DGFT (same as PAN), GST registration and an LUT, an AD code registered at each port on ICEGATE, ICEGATE registration, and an RCMC from your Export Promotion Council to claim incentives. Some products also need specific licences.
What is an AD code?
The Authorised Dealer code of your bank, registered with Customs at each port through ICEGATE. It links shipping bills with your bank account so export proceeds, IGST refunds and drawback are credited.
What is RCMC?
The Registration-cum-Membership Certificate issued by an Export Promotion Council (like EEPC, FIEO or APEDA). It is needed to claim benefits under the Foreign Trade Policy.
How long is an IEC valid?
It has no expiry, but it must be updated online every year between April and June, even if nothing has changed. Otherwise it is deactivated until updated.
Sources
- Foreign Trade (Development and Regulation) Act, 1992 (IEC, DGFT)