By Simran Kaur

IEC Code is unique 10 Digit code issued by DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India.

Why is IEC required?

To import or export in India, IEC Code is mandatory. No person or entity shall make any Import or Export without IEC Code Number, unless specifically exempted.

Who can get IEC?

An individual or a company who wants to do international business can get an IEC. Individuals can use either the name of their company or their name directly to apply for IEC.

What is the validity of IEC?

An IEC allotted to an applicant shall have permanent validity.

Benefits of IEC Registration

1. Proof being an Importer/ Exporter in India.
2. Clearing Shipments, sending/receiving money to/from abroad.
3. Enjoy Benefits from customs, DGFT, Export Promotion Council etc.
4. License for Import and Export of goods.
5. Through IEC number, Goods are cleared from the custom authorities easily.  
6. IEC reduces the transport of illegal export.
7. No Annual Renewal Fee.
8. No Annual/Quarterly Compliance after obtaining registration.

Procedure to issue Import Export Code:-

Import Export Code is an essential registration in the purview to import or export as a business.

For any queries or requirements contact

Team
Compliance Arena
8447773833
info@compliancearena.in