Importer-Exporter-Code


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IMPORTER-EXPORTER CODE (IEC) REGISTRATION

OVERVIEW

The Importer-Exporter Code (IEC) is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT), Government of India. It is mandatory for businesses and individuals engaged in import or export activities.

BENEFITS OF IEC REGISTRATION

Legal Authorization for Import-Export

Mandatory to conduct international trade.

Global Market Expansion

Helps businesses expand beyond domestic markets and explore international opportunities.

Government Benefits & Schemes

Eligible for schemes like MEIS (Merchandise Exports from India Scheme) and SEIS (Service Exports from India Scheme).

No Renewal Required

Once issued, IEC is valid for a lifetime with no need for renewal (only periodic updates required).

Simplifies International Banking Transactions

Required for receiving foreign currency payments and opening bank accounts for export-import businesses.

Reduces Risk of Unauthorized Trade

IEC ensures that businesses comply with international trade regulations, reducing risks of illegal transactions.

Boosts Business Credibility

Having an IEC enhances the credibility of the business in global trade markets.

Seamless Processing at Customs

Required for clearing goods through customs without unnecessary delays.

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IMPORTER-EXPORTER CODE (IEC) REGISTRATION

OVERVIEW

BENEFITS OF IEC REGISTRATION

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