Import Export Code (IEC) is mandatory under the Foreign Trade (Development & Regulation) Act, 1992 for businesses engaged in international trade.
IEC enables businesses to legally import and export goods or services across international borders, expanding global market reach.
Registered IEC holders can avail export incentives, duty drawback schemes, and benefits notified by DGFT and the Government of India.
IEC registration requires minimal documentation and simplifies customs and regulatory compliance during import-export operations.
Once issued, IEC remains valid for a lifetime without the need for renewal, subject to periodic KYC updates as prescribed by DGFT.
IEC facilitates smooth receipt of foreign remittances and compliant international banking transactions.
IEC provides legal recognition under Indian trade laws and builds trust with international clients and authorities.