![]() The Director General of Foreign Trade is the primary regulating authority for IEC code license registration. #IRSS IMPORTER EXPORTER LICENMSE REGISTRATION#REGULATORY BODY FOR IMPORT EXPORT LICENSE CERTIFICATE REGISTRATION Any business entity that does not meet the import export code registration process requirements will not be permitted to carry out import export operations. IEC code registration procedure would normally take a month to secure. Meaning, the applicant will not need to go through the IEC code registration renewal process. Import Export License Certificate has a lifetime validity. The applicant must first apply for an IEC code registration procedure. It is a ten-digit number that proves the company’s ability to import and export goods. The Director General of Foreign Trade (DGFT) issues this certification. This accreditation is required for any individual, partnership, or business conducting import and export activities in India. This accreditation is required by any school or business that wishes to expand its opportunities. Import Export Code license is abbreviated as IEC. There are a variety of benefits that come with pursuing this Import Export License registration. It is required to obtain Import Export license certificate before going abroad. Apart from that, adhering to the IEC code license requirements allows for greater opportunity variety. By adopting the Import Export Code License registration in India, the Government of India, Ministry of Commerce, and Director General of Foreign Trade (DGFT) made it easy for businesses.Īny business entity can take advantage of the Government of India’s benefits by getting Import Export code registration. Indian enterprises were also permitted to invest in other nations in addition to these prospects and can conduct import and export operations as well. After liberalization in 1991, the Indian markets were opened to international investment. ![]()
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