Import Export Code (IEC) registration is mandatory for businesses or individuals involved in import or export activities from India.
Issued by the Directorate General of Foreign Trade (DGFT), the IEC serves as the primary identification number for all export and import transactions.
Without an IEC, you cannot legally conduct international trade or receive benefits under export promotion schemes.
✅ Key Features of IEC Registration:
- Unique Business Code: A 10-digit number issued by DGFT for lifetime validity.
- Mandatory for Import/Export: Required to clear shipments and send/receive money abroad.
- DGFT Integration: Registered with Customs, Banks, and the DGFT portal for global trade transactions.
- Lifetime Validity: Once issued, the IEC does not require renewal unless there are changes in business details.
Note: Even if you export services, IEC may be required to claim government incentives or process payments in foreign currency.