Table of Contents
What is a IEC code?
What is IEC. An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted.
Can we surrender IEC?
When an IEC Holder wishes to surrender his IEC License online, he can do so by filing an online request of IEC Surrender on the DGFT website. Once the application is submitted, your IEC License shall be considered to be surrendered and the same will be revoked for all the future transactions.
How is IEC code important for exporter importer business?
The basic and most important thing you would need while trading oversea is the Importer Exporter Code. IEC opens your road to expansion and growth on foreign lands. The code provides you the license to export your goods and services to any other country and to import the essentials of your business to your own country.
What is an IEC number?
IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade , Ministry of Commerce, Government of India to Indian Companies. An IEC number allotted to an applicant shall be valid for all its branches/divisions/units/factories as indicated in the format of IEC given in.
What is meant by IEC?
On the Internet, “IEC” usually means the International Electrotechnical Commission . In telephony, IEC may also refer to an “interexchange carrier” (a long-distance carrier).
What is the import export code (IEC)?
Following are the features of an Import Export code / IEC An IEC is a 10-character alpha-numeric number allotted to a person that is mandatory for undertaking any export/import activities The IEC is a Pan Based Number Only one IEC is allotted against one PAN Number The entire process of allotment of IEC is online In some cases, clarification may be filed in offline mode