IEC (Import Export Code) Registration is a mandatory requirement for businesses in India that wish to engage in international trade. Issued by the Directorate General of Foreign Trade (DGFT), IEC is a unique 10-digit code that enables companies to import goods into India and export goods outside of India. This registration is essential for businesses to clear shipments through customs, send and receive money in foreign currencies, and avail various benefits under export promotion schemes. Obtaining IEC is a straightforward process, typically done online, and does not require any renewal, making it a lifetime registration.
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