Importer Exporter Code | IEC Code Registration in India

Importer Exporter Code

IEC (Import Export Code) registration is required for the person who want to do or doing export or import business. IEC is a 10 digit code which is issued by the Directorate General of Foreign Trade. In other words, all business persons who are engaged in Import and Export of goods required registering Import Export Code. IE code is valid for lifetime. Even importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they are doing business without having IEC (Import Export Code).

IEC must be quoted by importers when they clear the customs. Banks required the importers IE Code while they sending money to abroad. For exporters, IE Code must be quoted when they send shipments. And banks also required the exporters IEC while receiving money from abroad. IEC Registration can be done through Registration Desk.