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The Importer Exporter Code (IEC) is a key business identification number for export and import in India. It is mandatory for businesses and individuals to obtain this code for importing or exporting goods from the country.
To apply for an IEC code in India, follow these steps:
IEC stands for Importer Exporter Code. It is a registration required for anyone intending to import or export goods and services from India.
Any individual or business engaged in import or export in India must have an IEC code issued by the DGFT (Directorate General of Foreign Trade).
IEC can be applied online through the DGFT website. You will need documents such as your PAN card, business address proof, and a bank certificate to apply.
Yes, even service providers who export their services must obtain an IEC code.
Once issued, the IEC code is valid for a lifetime and does not require renewal. However, it must be updated in case of any changes to the business or proprietor's details.
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