Import Export Code (IEC)

Important Details for IMPORT EXPORT CODE (IEC)

IEC stands for Import Export Code, that is a ten digit number issued by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/ company for carrying out import/export.
1 Import Export (IE) Code is a registration required for persons importing or exporting goods and services from India.
2 E Codes when granted can be used by the entity throughout its existence and doesn’t require any renewal or filing. That is why, it is recommended often for organizations to obtain IE Code, irrespective of if they need it at the moment.
3 No compliance is requirement for IE Code.
4 IEC once issued it is issued for lifetime and there are no renewal fees for IEC registrations.
5 IEC is mandatory if you are dealing in export and import.