The Importer Exporter Code (IEC) is a distinctive 10-digit code assigned by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, Government of India. It is a compulsory requirement for individuals or businesses engaged in international trade involving goods and services to and from India.
Key aspects of IEC:
– Mandatory for importers and exporters
– Unique identification number for trade entities or individuals
– Facilitates transaction tracking and compliance with foreign trade regulations
Application process:
– Online application through DGFT’s official website
– Submission of required documents, including PAN card, bank details, and canceled cheque
