Import Export Code (IEC) Requirements and Registration India
In today’s globalized economy, international trade has become an integral part of business growth. Whether you are a small startup looking to expand overseas or an established enterprise sourcing materials from foreign markets, you need one essential document — the Import Export Code (IEC). In India, obtaining an IEC is the first step toward conducting any kind of import or export business legally and smoothly. What Is an Import Export Code (IEC)? The Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Government of India. It is mandatory for any person or business entity engaged in importing goods into India or exporting goods or services from India. The IEC remains valid for a lifetime, unless surrendered or canceled, and there is no requirement for renewal. Simply put, without an IEC, you cannot legally engage in import or export transactions in India. Why Is...