IEC Code Registration: Guide for Importers and Exporters
If you are an importer or exporter looking to expand your business globally, one of the essential requirements you need to fulfil is obtaining an IEC (Import Export Code) registration . In this article, we will provide you with a comprehensive guide on how to apply for and obtain your IEC code registration hassle-free. What is IEC Code Registration? The Import Export Code (IEC) is a 10-digit unique code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, and Industry, Government of India. It is mandatory for anyone looking to engage in import or export activities in India. The IEC code acts as a license for the importer/exporter and helps in clearing customs and receiving various benefits from the government. Why do you need an IEC code? Having an IEC code is crucial for several reasons: Legal Requirement : It is a legal requirement to have an IEC code while importing or exporting goods and services from India. Expansion Opp...