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IEC Code Registration in Bhopal

Increasing trade across the world has created a need for some management laws to keep the dealings smooth, organized and under control. It brought the registration of import and export into a scenario. This gave the import-export business a broader area to expand and flourish. This all resulted in expanding businesses through the number of increase in clientele and trade volumes among various countries.

What is IEC Code?

IE Code is a must for every business dealing with export and import of goods. Now it's a 10 character alphanumeric code issued by Directorate general if foreign trade (DGFT). 
IE Code has lifetime validity.

 

Uses of IE Code

•    Provides benefits in terms of subsidies or other benefits declared by customs.

•    Required by importers at the time of clearing shipments.

•    Required by banks when importers send money abroad.

•    Required  by exporters while sending his shipments

•    Required by the bank when an exporter received money in foreign currency.