Import Export Code Registration in India: A Complete Guide
In the ever-expanding global marketplace, businesses in India are increasingly engaging in international trade. Whether you’re looking to import raw materials or export finished goods, one essential legal requirement is obtaining an Import Export Code (IEC) . This article offers a detailed overview of Import Export Code Registration in India , including its importance, procedure, documentation, benefits, and compliance obligations. What is an Import Export Code (IEC)? The Import Export Code (IEC) is a 10-digit unique 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 individual or business entity planning to engage in import or export of goods and services across Indian borders. Unlike other registrations such as GST, the IEC is a one-time registration and remains valid for a lifetime. However, it must now be updated or confirmed annually as...