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What is Importer -Exporter Code (IEC) ?
What is Importer -Exporter Code (IEC) ?
The Importer -Exporter Code (IEC) is a key business identification number which is mandatory for Exports or Imports. No person shall make any import or export except under an IEC Number granted by the DGFT. In case of import or export of services or technology, the IEC shall be required only when the service or technology provider is taking benefits under the Foreign Trade Policy or is dealing with specified services or technologies.
Benefits of IEC Registration
Benefits of IEC Registration
Legal Compliance
Legal Compliance
Obtaining an IEC ensures that you are complying with Indian customs and foreign trade regulations. It is essential for all import-export activities.
Access to Government Schemes
Access to Government Schemes
IEC holders can benefit from various government schemes, incentives, and benefits related to foreign trade.
Enhanced Business Credibility
Enhanced Business Credibility
An IEC adds credibility to your business in the international market. It signifies that you are a legitimate and registered entity.
Easier Customs Clearance
Easier Customs Clearance
Customs officials can verify your IEC to ensure that your import-export transactions are legitimate. This can expedite the customs clearance process.
Access to Global Market
Access to Global Market
Registration of IEC unlocks door to Global market by providing access to valuable data and insights related to foreign trade trends and opportunities.
Online Filing
Online Filing
Many customs procedures can be completed online using the IEC. This saves time and effort.
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