Description
IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. … Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.
Is it mandatory to update IEC code?
The Director-General of Foreign Trade (DGFT) has directed that all Import Export Code (IEC) holders are now legally required to update their IEC details every year from April to June online, even if there are no changes. An IEC shall be deactivated, if it is not updated within the prescribed time.
IEC is a 10 digit unique code issued by the Directorate General of Foreign Trade (DGFT). It is a necessary document in import and export business. … Likewise, all the exporters who export goods out of the country require Import Export Code as well.
- PAN number.
- Name as mentioned in the PAN card.
- Date of Incorporation (As per the PAN)
- Latest file number without slash.
- Latest file date.
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