
An Import Export License, also known as the IEC (Import Export Code) in India, is an essential authorization issued by the government that permits businesses to engage in international trade. Without this license, no individual or company can legally import goods into or export goods out of the country. It serves as a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT).
The Import Export License ensures compliance with trade laws, customs regulations, and foreign exchange rules. It is required for customs clearance, availing benefits under government export promotion schemes, and for establishing credibility in global markets. Obtaining the license typically involves submitting necessary business documents, PAN card, bank details, and a valid address proof.
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