How to Register Import Export Code in India.
Every import/export business owner in India needs to have an import export code, which is a special 10-digit code. The Director-General of Foreign Trade (DGFT), Ministry of Commerce, issues the code, which requires neither filing nor renewal. Importers need IEC in order to transfer money to foreign banks, clear customs, and ship goods. To deliver shipments and receive funds from overseas banks, exporters need their IEC. In India, importers and exporters must obtain the IEC in order to conduct business.
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