Introduction
Import Export Code Registration is essential for businesses engaged in international trade. On obtaining this registration under the Directorate General of Foreign Trade (DGFT) you will receive a 10-digit unique number known as Import Export Code (IEC). An IEC code enables businesses to import or export goods smoothly and also serve as a primary identification number for customs authorities, facilitating smooth clearance of goods across borders and ensuring compliance with international trade regulations.
It also enhances credibility and reliability in the eyes of international partners and customers, making it an essential tool for businesses aiming to thrive in the competitive global marketplace.
What is IEC code?
An 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, Government of India. If you wish to import goods into or export goods from India, before initiating the process, your business must have both GST Registration and IEC registration Certificates in place. These registrations are necessary to comply with legal regulations and ensure smooth customs clearance. If you are looking to start any international trading venture, getting the Import Export Code Registration is essential.
Where IEC is Required:
- When an Importer has to clear his shipments from the customs then it's needed by the customs authorities.
- When an Importer sends money abroad through banks then it's needed by the bank.
- When an Exporter has to sends his shipment then it's needed by the customs port.
- When an Exporter receives money in foreign currently directly into his bank account then it's required by the bank.