If you want to start an import–export business in India, obtaining an Import Export Code (IEC) is the first and most essential step.
However, many businesses face unnecessary delays, rejections, or compliance issues simply because they make a few common mistakes during the IEC application process.
At BizBandhu, we help businesses file IEC smoothly and accurately.
Here are the Top 5 IEC Application Mistakes you should avoid to ensure a fast and error-free approval.
1️⃣ Wrong or Mismatched Business Details
One of the most common reasons IEC applications get delayed is incorrect or mismatched business information.
Details like business name, address, PAN, or ownership must match exactly with the supporting documents.
- Mismatched data
- Spelling errors
- Old or outdated address
✔ Always ensure your application matches your GST, PAN, and bank details perfectly.
2️⃣ Using a Personal Bank Account Instead of a Business Bank Account
Many applicants mistakenly use a personal savings account while applying for IEC.
This is a major mistake and can cause rejection.
✔ You must use a business bank account that matches the business name on your application.
If you’re a sole proprietor, your name and business name should appear correctly as per bank records.
3️⃣ Selecting the Wrong Applicant Category
Choosing between Individual, Proprietorship, Partnership, LLP, or Company is extremely important.
Common errors include:
- Selecting “Individual” instead of “Proprietorship”
- Choosing the wrong business structure
- Submitting documents of the wrong category
✔ Always select the correct applicant type to avoid compliance issues in future.
4️⃣ Uploading Incorrect or Low-Quality Documents
IEC applications are fully online, and your documents must be clear, valid, and properly scanned.
- Blurry documents
- Not uploading required proofs
- Wrong format or incomplete files
✔ Upload only high-quality and correct documents to avoid delays and rejections.
5️⃣ Not Updating IEC After Business Changes
Many business owners forget to update their IEC after making changes such as:
- Business name change
- Address change
- Bank account change
- Ownership or constitution change
❌ Not updating IEC may lead to compliance problems.
✔ IEC details must always be kept up-to-date.
How BizBandhu Helps You Avoid These Mistakes
BizBandhu ensures your IEC application is:
- Error-free
- Document-ready
- Correctly submitted
- Approved without delays
We check all your documents, verify details, select the correct applicant category, and file your IEC with 100% compliance.
Thinking About Getting Your IEC? Let’s Make It Hassle-Free!
📞 +73832 52588
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