Import Export Code Registration

What is Import Export Code (IEC Code)?
The Import Export Code (IEC) is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, India, required for individuals or businesses involved in international trade. It serves as a unique identification for customs clearance, shipping, and access to government benefits. To obtain an IEC, an application with necessary documents must be submitted to the DGFT. Once issued, the IEC is valid for life unless surrendered or revoked.

When will there be requirement of IE code?
At following instances the IE Code would be required:

• When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
• When an importer sends money abroad through banks then it’s needed by the bank.
• When an exporter has to send his shipments then it’s needed by the customs port.
• When an exporter receives money in foreign currency directly into his bank account then submission of IEC is required by the bank.

Why MR TAX EXPERTS?
mrcleartax.com is a leading business platform providing comprehensive corporate legal services, including company incorporation, compliance, advisory, and management consultancy, both in India and internationally. The platform offers fast, easy, and affordable IEC Modification, New GST Registration, ITR Filing. You can contact with compliance manager at 7996499599 or email info@mrcleartax.com.