In today’s global economy, expanding a business beyond national boundaries is not just an opportunity—it’s a smart move for growth. Whether you want to import raw materials or export products and services, legal compliance is a must. Getting an Import Export Code (IEC) license is essential for international trade from India.
The IEC (Import Export Code) is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. It's a 10-digit number required for importing or exporting goods and services from India. The license is valid for life once issued.
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Ans. IEC (Import Export Code) is a 10-digit code issued by DGFT to businesses or individuals for international trade.
Ans. No. The IEC code is valid for a lifetime and does not require renewal unless updated by the government.
Ans. Yes, individuals can apply for an IEC license using their personal PAN and bank details.
Ans. Yes, if you’re exporting services and receiving payment in foreign currency, IEC registration is required.
Ans. Usually, IEC is issued within 1–3 working days if all documents are in order.