Showing posts from June, 2016

9 Easy steps to get IEC code online from DGFT

IEC code online (While this blog is mostly about foreign trade and international economics, this post is for the benefit of those who are just starting out in the area of international trade from India - one needs an IEC number to get into foreign trade from India, and this is a post to help them) IEC stands for Import Export Code . IEC is mandatory for anyone planning to carry out import export business from India. IEC is issued by Directorate General of Foreign Trade (DGFT , online. Earlier the IECs were issued through manual as well as online mode at the choice of applicant. However, since 1st April 2016, IECs are mandatorily to be applied and issued online. Post GST, since July 1st 2017, IEC numbers issued are same as the PAN numbers. Vide Trade notice number 23 dated 08 August 2018, DGFT has made it very easy to obtain an IEC for anyone having a PAN and bank account. The trade notice can be found by clicking here . With this, it is very easy to get an IEC. Once the