Online IEC Code Import Export License
It is mandatory to obtain an IEC before exporting from or importing to India. So, no exports or imports shall be made without an IEC. Also, to import or export products or services, an individual or a business entity needs a 10-digit code. For services exports, however, the IEC will not be required unless the service provider is taking advantage of the FTP. Meanwhile, in India, DGFT, Ministry of Commerce and Industries, issues Import Export Codes (IECs).
- Firstly, for customs officials to clear shipments during imports, they need it.
- Secondly, in order to make imports, the bank needs this to transfer funds.
- Thirdly, as well, the IEC must be provided for export shipments.
- Further, the recipient of foreign currency funds needs an IEC code to be able to transfer funds directly to his account.
Aayaat Niryaat Form Submit
Filing at DGFT
Rs. 1800 + 18% GST
Govt. Fees (Exclude)
Business registrations must use the IEC code:
- Limited Company
Licenses Issued in Recent Months
Advantages of IEC for Import Export Businesses
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