Global Market Access : The Import Export Code (IEC) is required for any business engaged in importing or exporting goods in India. Having an IEC opens up the global market by providing the necessary legal framework to trade internationally.
Customs Facilitation : IEC facilitates smooth customs clearance for imports and exports, reducing the risk of delays or penalties at border control. It ensures your business complies with international trade laws and regulations.
Access to Export Incentives : The IEC is necessary to access government schemes and incentives aimed at boosting exports, such as duty drawbacks, export subsidies, and other financial support from the Directorate General of Foreign Trade (DGFT).
