An import export code is a unique 10-digit code that is required for every import/export business owner in India. The IEC code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal. IEC Number is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require their IEC Code to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC Number.
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