An import-export code is an exceptional 10-digit code issued by the Director-General of Foreign Trade (DGFT) and is mandatory for any person carrying on import/export of goods & services. Importers require IEC to get the shipments from customs and send money abroad. Exporters require IEC to send shipments and get foreign currency. Any individual engaged in export/ import business can apply for IEC. You need not be a registered entity for applying IEC. Our team of experts will guide you with the process and here is the quick checklist of documents to obtain IEC.
All the IEC holders are now required to update their IEC electronically every year during April-June even in case of no changes without which IEC shall be de-activated.