10 October 2013
Import Export Code or IEC refers to a code of ten digits which is issued by Director General of Foreign Trade to different Indian companies. IEC is compulsory for all those companies who wish to carry on Import Export business in India. If a company wants to apply for IEC then the applicant should apply from his head office to the nearest office of Regional Authority of Directorate General Foreign Trade . One should know that an individual can only have a single IEC issued against a PAN number. No proprietor can avail more than one IEC.
10 October 2013
One should understand that in India one cannot operate an Import Export business without having an IEC number. There are various provisions and eligibility conditions for those people who wish to apply for IEC . A person can read all these provisions by taking a look at Foreign Trade ( Regulation ) Rules , 1993 Ministry of Commerce . PAN number is very important while applying for IEC. The application fee for the IEC is RS. 250. In order to file an application for the IEC, an applicant should visit the official website of DGFT .
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