IMPORT EXPORT CODE (IEC) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/ company for carrying out import/export. An IEC is necessary to obtain before you start an Import or Export of goods. In case of Import/Export of Services/Technology,IEC is only required in specified Services/ Specified Technology. These Specified Services/ Technology includes that trade which are restricted by the Government of India as they pertain to National Security, such as dealings in nuclear weapons, automatic guns etc.
IE Code application must be made to the Directorate General of Foreign Trade along with the necessary supporting documents. Once, the application is submitted, DGFT will issue the IE Code for the entity in 15 – 20 working days or less.