Import Export Code, abbreviated as IEC, is the first registration required for business entities dealing in the import or export of goods and services from India. The Directorate General of Foreign Trade issues IECs (DGFT). It is a business passport for import and export.
Documents Required for Import/Export Code
- PAN of the applicant
- Cancelled Cheque
- Passport size photo of the applicant
- Address proof of the applicant
Importance of Import Export Code
- International Market Access
- Online Registration:
- Lifetime Validity
- Reduces Illegal Goods Transportation
- Benefits of the Schemes
- Compliance