Government Schemes • 5 min read

Import Export License

The IEC (Importer Exporter Code) is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. No business entity can carry out import or export of goods and services without a valid IEC code. It is a lifetime license with no renewal requirement, making it a one-time registration for businesses looking to enter the global trade market. Whether you are a sole proprietor, partnership firm, LLP, or private limited company, obtaining an IEC is the first mandatory step to legally participate in international trade. The IEC code is also required by customs authorities for clearing shipments and by banks for processing foreign currency transactions.