Import Export Code (IEC) is required by anyone who is willing to start an import/export business in India. The code is issued by the DGFT (Director General of Foreign Trade) Government of India, Ministry of Commerce. It is a ten digit code that has lifetime validity and is issued to regulate and monitor the foreign trade activities in India. Most importers merchants cannot import goods without the Import Export Code (IEC) and similarly, the exporter merchant cannot avail profit from DGFT for the export scheme, etc. The Reserve Bank of India has made it mandatory for all the traders to provide their Import Export Code during any payment transfer. Businesses can expand their reach in the global market.

IEC opens the door of opportunity for business to export its goods and products outside the nation’s territory and enhance the value oneself in the international market.