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✔ The Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, Government of India.
✔ It is mandatory for individuals or businesses involved in the import or export of goods and services from India. The IEC serves as official proof of a business’s authorization to engage in cross-border trade.
The IEC is a unique 10-digit code assigned to each registered entity.
The IEC is valid for the lifetime of the business, unless the business is closed or the IEC is surrendered.
The IEC is valid for all customs locations in India, allowing for import/export operations from any port.
The IEC can be transferred from one entity to another, as long as the transfer is approved by the DGFT.
The IEC is required for various transactions related to import/export, such as opening a Letter of Credit and claiming benefits under government schemes.
The IEC is now available in a digital format, making it easier to access and verify.
The IEC details can be updated as required, such as change of address or bank details.
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