What is Import Export Code (IEC)?

IEC registration is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT).

All Entities which are engaged in Import and Export of goods requires Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take advantage of exports from DGFT, customs, Export Promotion Council, in the absence of IEC.

The IEC must be quoted by importers while clearing customs. Also, banks require the importers IEC while sending money abroad. For exporters, IEC must be quoted while sending shipments. and banks require the exporters IEC while receiving money from abroad.
IMPORT AND EXPORT CODE Registration can be done through Compliance Advisor.