An Importer-Exporter Code (IEC) is a crucial 10-digit code required for any business or individual looking to engage in the import or export of goods and services from India. Issued by the Directorate General of Foreign Trade (DGFT), the IEC is essential for clearing customs, sending money abroad, and receiving funds in foreign currency.
Obtaining an IEC is the first step for businesses aiming to expand into international markets. It offers lifetime validity, requires no return filing, and unlocks various benefits under government schemes for importers and exporters.
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