In this age of cut – throat competition everyone wants to grow their business beyond the limits beyond the limits of the domestic market.However , doing business globally isn’t just a cup of tea for everyone. Before going global, you need to follow several procedures and laws in place and get diffrent registration and license. IEC (Import And Export ) license is one of such prerequisities when you’re thinking of important or exporting from india. it is also known as Importer – Exporter Code.
IEC ( Import Export Code ) is required by anyone who is looking to kick – start his / her import /export business in the country.it is issued by the DGFT ( Director General Of Foreign Trade ). IEC is a 10 digit code which has a lifetime validity. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.