Doing a business of Export and import was never easy before. As the economy changes happen the same has also become quite easy and friendly. To import or export in India Importer Exporter code (IEC) is mandatory. No person or entity shall make any import or Export without IEC code.
IMPORTER EXPORTER CODE ( in short IEC ) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/ company for carrying out export/import.
IEC forms the primary document for recognition by Government of India as an Exporter/Importer. On the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, Customs, Export Promotion Council etc.
IEC can be obtained from any of the Zonal and Regional offices of Director General of Foreign Trade depending on area/region where the individual/company is located.