Why Import Export Code (IEC) is Essential for International Business: Benefits, Process & Compliance

Why Import Export Code (IEC) is Essential for International Business: Benefits, Process & Compliance Introduction Globalization has opened immense opportunities for businesses to expand beyond borders. With increasing demand for Indian goods and services in international markets, many businesses and individuals in India aspire to enter into import and export activities. However, one cannot legally import or export goods without obtaining the Import Export Code (IEC) issued by the Director General of Foreign Trade (DGFT) . In this article, we’ll explore: What is IEC? Why is it essential? Benefits of IEC Step-by-step process to obtain IEC Documents required Common FAQs How SH Solutions can help you If you are planning to take your business global, this guide will help you understand why IEC is the first and most important step in the journey. What is Import Export Code (IEC)? The Import Export Code (IEC) is a unique 10-digit registration number is...