What is Import & Export Code (IEC) in India?

Import & Export Code (IEC) is a 10-digit number issued by the Directorate General of Foreign Trade (DGFT) in India. It is required for businesses that import or export goods and services. Without an IEC, international trade is not possible.

Importance of IEC

1. Legal Requirement – Mandatory for importers and exporters.

2. Customs Clearance – Needed for smooth shipment processing.

3. Global Trade – Helps businesses expand worldwide.

4. Bank Transactions – Required for receiving international payments.

Types of IEC in India

1. Normal IEC – For regular importers and exporters.

2. Restricted IEC – Needed for restricted goods.

3. Deemed IEC – Assigned to government departments.

IEC is essential for any business involved in foreign trade in India.

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