Jun 052012
 

Who Issues IEC ?

The Director General of Foreign Trade (DGFT) , Director General of Foreign Trade, Ministry of Commerce, Government of India issues IEC to eligible Importers and Exporters.

Who are required to obtain IEC ?

All Importers & Exporters (except as exempted) shall obtain Import Export Code , without which they are prohibited from Importing/Exporting goods.

What is the Validity of an IEC

An IEC once issued will be valid till the life of the business entity , unless it is cancelled by the Issuing authority. An IEC issued shall be valid for all its branches/factories/units/divisions as mentioned in the Import Export Code License.

Can an IEC be surrendered ?

Yes. An IEC can be surrendered by a business entity if the same is not in a position to continue the business. The same shall be surrendered to the concerned DGFT who had issued the Certificate

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