Import Export Code (IEC) means :
Import Export Code (IEC) registration is required for Cross-selling of Goods and/or Services from India (Outside the Domestic Boundaries). It is mandatory for all Importers / Exporters to mention their Import Export Code while Importing / Exporting Goods and/or Services from / in India.

IEC is a 10 digit Code and Import Export License Certificate issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India to Indian Companies. The task of regulating foreign trade in India is managed by the DGFT. Part of the larger Ministry of Commerce and Industry, the governmental body is responsible for the formulation of trading policies, regulatory framework and issuance of licenses.

It is a mandatory license for every commercial importer or exporter. Without this code no business can be performed in the import export category or to take

IEC Code means Import Export Code
the benefits provided by the government on this Sector. Additionally, the Reserve Bank of India (RBI) has made it mandatory for all the traders to mention their IE Code, while making any payment transfer/ sending money abroad. Customs Department also seek IE code before clearing the shipment from overseas.

Import Export Code (IEC) once issued can be used by the entity throughout its existence and do not require any renewal or filing. Once the company obtained IEC then the company can perform all their import export requirements without any issues.
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Get More Information @ https://www.ieconline.in/