IEC registration stands for Import Export Code registration. It's a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. This code is necessary for businesses or individuals importing or exporting goods and services from India.
IEC registration enables businesses to engage in international trade and facilitates the import/export of goods. Importers and exporters must obtain this code from DGFT.
To apply for IEC registration, you typically need to provide certain documents such as a PAN card, Aadhar card, bank certificate, and business entity details. The application process can be done online through the DGFT website, and once approved, the IEC code is issued.
An IEC code simplified customs procedures, allows you to avail of benefits under various schemes, and facilitates international business transactions.
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