IEC stands for Import Export Code. IEC code is unique 10 digit number issued by Director General of foreign Trade (DGFT), Government of India, Ministry of commerce to Indian companies to enable them carry International Trade.
A Company or an individual who wants to do business internationally can get an IEC. An individual can use their name directly to apply for an IEC.
For obtaining IEC an application is granted with documents. This application should be made by registered office only to the DGFT office under registered office of the applicant comes. This code is applicable to across the company & there is no need of separate registration.
The following categories of importers or exporters are exempted from obtaining Importer - Exporter Code (IEC) number:
However, the exemption from obtaining Importer-Exporter Code (IEC) number shall not be applicable for the export of Special Chemicals, Organisms, Materials, Equipments and Technologies