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This is a mandatory registration for all business entities in India involved in export and import of products and services. IEC Code is issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industries, it is a 10-digit number called the IEC Code that can be issued to a business entity as well as the owner or the proprietor of the business. The underlying importance of the IEC Code registration is that without it neither can import units import any goods nor can exporters export their products outside the country. The best thing about the code is that it has lifetime validity and does not require filing of any returns.
Why IEC Registration?
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