IMPORT EXPORT CODE

The Importer Exporter Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. The IEC is mandatory for individuals or businesses involved in importing or exporting goods and services from or to India.

  1. Mandatory Requirement:
    • Obtaining an IEC is a mandatory requirement for anyone involved in importing or exporting goods and services to or from India.
  2. Unique Identification:
    • The IEC serves as a unique identification number for the entity or individual engaged in international trade. It helps in tracking transactions and ensuring compliance with foreign trade regulations.
  3. Application Process:
    • The application for an IEC can be made online through the DGFT’s official website. The applicant needs to submit the required documents, such as a PAN (Permanent Account Number) card, bank details, and a canceled cheque.