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IMPORT EXPORT CODE

IMPORT EXPORT CODE

The Import Export Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT) in many countries, including India. It is a registration required for businesses engaged in import and export activities. The IEC serves as a key identification number for businesses involved in cross-border trade.

Here are some key points to understand about the Import Export Code (IEC):

  1. Purpose: The primary purpose of the IEC is to enable businesses to engage in import and export activities and facilitate international trade. It is a mandatory requirement for any individual or business involved in importing or exporting goods or services.

  2. Application and Issuance: The IEC is obtained by applying to the relevant authority, such as the DGFT, and submitting the required documents and information. The application process may vary depending on the country and its specific regulations. Once the application is approved, the DGFT issues the unique IEC for the business.