What is an IEC code?
An IEC code is a 10-digit code issued by the Director General of Foreign Trade (DGFT) to any person who is into import/export business in India. It is a prerequisite for import and export of goods and services in India.
What are the benefits of having an IEC code?
There are several benefits to having an IEC code, including:
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* It allows you to import and export goods and services in India.
* It gives you access to government schemes and benefits for exporters.
* It makes it easier to clear customs formalities.
* It helps to build your credibility as an importer/exporter.
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How do I get an IEC code?
You can apply for an IEC code online through the DGFT website. You will need to provide some basic information about your business, such as your PAN number, bank account details, and address. You will also need to upload scanned copies of your PAN card and bank statement.
What are the criteria for getting an IEC code?
The criteria for getting an IEC code are as follows:
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* You must be a resident of India.
* You must have a valid PAN number.
* You must have a bank account in India.
* You must have a physical address in India.
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How do I update my IEC code?
You can update your IEC code online through the DGFT website. You will need to provide some basic information about your business, such as your PAN number, bank account details, and address. You will also need to upload scanned copies of any changes to your documents.
Where can I find more information about IEC codes?
You can find more information about IEC codes on the DGFT website. You can also contact the DGFT helpline for assistance.