IEC (Import Export Code) is a ten-digit number, which also contains alphabets and numbers. IEC is a mandatory prerequisite to starting a business of Import and Export in India which is issued by the Directorate General of Foreign Trade (DGFT). All kinds of businesses which are engaged in Import and Export of goods require registering for Import Export Code. It has a validity of a lifetime. There are different uses of this code for Importers and Exporters. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT customs, Export Promotion Council if they don’t have this code.
This Import and Export Code Registration is mandatory for Sole Proprietors, Partnerships or Private Limited Companies which are dealing in Import and Export of goods.