When your products or services are taken to the global marketplace that means it will inflate your business. But envision an import/export maneuver itself can be intricate for an inexperienced person, and her profession will be more difficult by the assorted commercial and legal processes that international trade has. As we shall transact with a small fraction of import and export, known as Importer Exporter Code or IEC.
IEC Code is unique identification 10 digit code approved by DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India to Indian Companies.
To import or export in India, IEC Code is compulsory. No person or individual shall run any Import or Export without IEC Code Number.
The first prerequisite before you initiate an import/ export business in India is to acquire an IEC. An IEC is compulsory for import/export of goods. In case the import/export is of services or technology, IEC is mandatory in only limited conditions, when import/export is in ‘specified services’ or ‘specified technologies’, that is services or technologies in which international trade is limited by the Government of India as they relevant to national security, such as trade in nuclear weapons, automatic guns, and more big trading
An application must be fulfilled in the Aayaat Niryaat Form 2A (ANF 2A) layout to the Regional Authority of the Directorate General of Foreign Trade (DGFT) in the province where the registered office of the company is located.