Are you planning to start an import-export business in India? One of the first steps you need to take is to obtain an Import Export Code (IEC) from the Director General of Foreign Trade. In this video, we'll explain everything you need to know about IEC, including its purpose, eligibility criteria, application process, and compliance requirements.

IEC is a 10-digit code that is mandatory for any business that wants to import or export goods or services from India. It is a unique identification number that is issued to individual traders, firms, or companies and is used by the government to track foreign trade transactions.

In this video, we'll cover:

What is Import Export Code (IEC) and why it matters
Eligibility criteria and the documents required for IEC application
Step-by-step process for applying for IEC online
Compliance requirements and common mistakes to avoid
Benefits of having an IEC and its significance in international trade
Whether you're a first-time importer or an experienced exporter, having an IEC is a crucial requirement for conducting foreign trade transactions.

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Thank you for watching, and we hope this video has helped you understand Import Export IEC better.

Sonika Bharati,
FCS LLB, Designated Partner,
AKG Advisory LLP,
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