All businesses which are engaged in Import and Export of goods compulsorily require IEC Certificate.
Import Export Code (in short IEC Code) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/ company for carrying out import/export. Importers are not allowed to proceed 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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