The Importer Exporter Code (IEC) is a unique identifier issued by the Directorate General of Foreign Trade (DGFT), required for businesses engaged in import or export. It is essential for clearing shipments through customs, receiving payments, and conducting international trade. The application process is straightforward, and the IEC is valid for a lifetime without the need for renewal.
Is IEC Code mandatory for international trade?
Yes, it is mandatory for all businesses involved in importing or exporting to have an IEC Code to legally conduct international trade.
Can I modify my IEC Code details?
Yes, if there are any changes to your business details, such as your address or bank account information, you can update your IEC Code through the DGFT portal.
What happens if I don’t have an IEC Code?
Without an IEC Code, you won’t be able to clear shipments through customs, receive payments from international clients, or engage in import/export activities legally.