All businesses which are engaged in Import and Export ofgoods compulsorily require IEC Certificate.
Import Export Code (in short IEC Code) is a ten digit number granted by Directorate Generalof Foreign Trade under Ministry ofCommerce and Industry, to any bonafide person/ company for carrying out import/export. Importers are not allowed toproceed without this code and exporters can’t take benefit of exports from
DGFT, customs, Export Promotion Council, if they don’t have this code. The IEC
Code is a 10-digit code with permanent validity issued by the Directorate
General of Foreign Trade.
One doesn’t need to be a registered entity to apply for one;you can apply even as an individual. IEC Certificate is also known as Export
License, Import License, IE Code, IEC code, EXIM License. All have the same
meaning.
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