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Import Export Code Registration is applicable on every business engaged in import and export of goods or services. Prior to carrying out any export or import activities , it is mandatory to obtain an IEC number from the Directorate General of Foreign Trade (DGFT). Application for issuance of IEC can be made online on DGFT portal.
Import Export Code (also known as IEC) is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry. It is a unique 10-digit code and is mandatory for all Companies that deal in import and export. in India. Once IEC is issued, it will remain valid for lifetime.
It is mandatory to obtain IEC for every business involving import/ export.
Application for allotment of IEC can be made online via dgft
IEC number allotted to an applicant shall be valid for all its branches/divisions/units.
The following categories of importers or exporters are exempted from obtaining IEC:
Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas provided the CIF value of a single consignment does not exceed Indian Rs.25,000.
However, the exemption from obtaining Importer-Exporter Code (IEC) number shall not be applicable for the export of Special Chemicals, Organisms, Materials, Equipment’s and Technologies (SCOMET) as listed in Appendix- 3, Schedule 2 of the ITC(HS) except in the case of exports by category(ii) above.
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