Import - Export Code Registration
IEC is a code allotted to businesses which are importing goods into or exporting goods from India. It is a 10 digit number which is issued by the DGFT (The Directorate General of Foreign Trade), Department of Commerce, Government of India. This code generally comes in role when you decide to expand your business globally. Code can be obtained on your name(in case of proprietorship) or on your company’s name.This registration is governed by The Foreign Trade Act, 1992.
Basics of Import - Export Code
It acts as the primary proof that a firm is an importer or exporter.
A proprietor can also obtain an IEC, without registering his business.
An IEC exists for a lifetime, it does not need any renewal.
It takes 1-5 working days to get your Import Export License registration certificate.
IEC number is reflected in all customs documents related to exports and imports.