Import Export Code (IEC)

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Import Export Code (IEC)

  • An Import Export Code (IEC) is a key business identification number mandatory for the export or import of goods and services from India.
  • Issued by the Directorate General of Foreign Trade (DGFT), the IEC is a 10-digit code that facilitates seamless international trade by identifying and tracking exporters and importers.

Benefits...

  • Global Market Access: With an IEC, businesses can expand their operations beyond domestic boundaries, opening up opportunities in the global market.
  • Customs Clearance: An IEC is mandatory for customs clearance of goods, ensuring smooth import and export processes without any legal hassles.
  • Business Growth: Access to international markets can significantly enhance business growth and revenue by tapping into new customer bases and diverse markets.
  • Government Benefits: Businesses with an IEC can avail of various export incentives and schemes offered by the government, such as duty drawbacks, export promotion capital goods (EPCG) scheme, and more.

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