Importer Exporter Code i.e. in short IEC is a registration code issued by Director General of Foreign Trade (in short DGFT) to every person desirous of exporting or importing goods out of/into India. In simple terms a person in India who want to Import or Export goods require IEC Code. Without IEC code goods cannot be Importer or Exported to / from India.
In this era of ruthless clash, people want to advance their trade beyond the borderline of the domestic market. Still, trading globally isn’t just a piece of cake for everybody. Previous to going international, one needs to ensure that the multiple procedures and laws are in place and then get different registrations done along with licenses. IEC (Import Export Code) license is one of such essential when one’s deliberating about importing or exporting from India.
IEC ( i.e an Import Export Code) is needed by anybody who is considering to kick-start his/her import/export trade in the country. It is announced by the Director General of Foreign Trade (DGFT). IEC is simply a 10-digit code which has a continuance validity. Broadly, any importer merchant is not permitted to import goods without the Import Export Code and similarly, the exporter merchants cannot avail the advantages from DGFT for the export scheme, etc. without the IEC.
Documents Required for Registration
Individual's or Firm's or Company's copy of PAN Card.
Individual's voter id or Aadhar card or passport copy.
Cancel cheque copy of current bank account of Individual's or company's or firm's
Copy of Rent Agreement or Electricity Bill Copy of the premise.
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