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IEC is mandatory for all types of Import and export business in India.
Liberalization helped the entrepreneur to expand their business in the international Market. Visualizing and implementing internal trade itself can be difficult due to various legal compliance and commercial jargons. In this article let’s understand a small part called Import Export Code.
Import Export Code (IEC) is a code need to take by a person who wants to Import or Export their Goods and Services outside India. IEC is 10 digit code issued by Director General of Foreign Trade, Ministry of Commerce, Government of India. It is a mandatory requirement. No person can proceed with Import Export without IEC number.
In case of loss of Import Export Code, number applicant can ask the Authority to issue a duplicate copy of IEC number. The application seeking a duplicate copy of number shall be filed along with the following documents:
Self-Addressed Envelope affixed with Rs.25/- postal stamp.
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