Import Export Code (also known as IEC) is a 10 digit identification number that is GST registered businesses typically have to file three returns per month (GSTR-1, GSTR-2 and GSTR-3) in each state where they operate. An annual GST return is also required. This means a business will have to complete 37 returns per annum in each state where they are trading.issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is also known as Importer Exporter Code.
What is IEC number?
IEC (importer Exporter Code) number is a 10 digit code number given to an exporter or importer by the regional office of the Director general of Foreign Trade (DGFT), Department of Commerce, Government of India.
Before starting import/ export business globally, you need to follow several procedures and laws and get different registration and license. IEC (Import Export Code) license is one of such prerequisite when you’re thinking of importing or exporting from India.
Import Export Code is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the Director General of Foreign Trade.
Import Export Code is a 10-digit code which has a lifetime validity. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from Director General of Foreign Trade for the export scheme, etc. without IEC.