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In India, to operate an import/export business, every owner must obtain a distinct 10-digit code known as the Import Export Code (IEC). This code is granted by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and does not require filing or renewal. Importers need the IEC Number to clear customs and shipments, as well as to transfer funds to foreign banks. Exporters need their IEC codes to send shipments and receive payments from foreign banks. In summary, the IEC Number is crucial, and no importer or exporter can function in India without it.
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IMPORT EXPORT CODE (IEC) REGISTRATION What is Import Export Code (IEC) ? Import Export Code or IEC is obtained by every person and business entity who intends to start Import and Export business in India. Benefits of Import Export Code (IEC) Access to International Market Avail Benefits under various schemes Necessary for Clearance of Goods Minimum Requirements For Import Export Code (IEC) PAN of the Applicant Cancelled cheque or Bank Certificate of the Applicant Address Proof of the Applicant Procedure for Import Export Code (IEC) Registration Collection of required documents Preparation of Application for IEC Submission of Application with required fees Get Import Export Code within 4-5 days Visit us - registrationarena.com