The Import Export Code (IEC) significantly mitigates the risk of illegal transportation and fraudulent imports and exports. As a centralized registration system, the IEC enables authorities to effectively supervise and manage cross-border transactions, ensuring compliance and reducing the likelihood of unlawful activities.

An IEC (Import Export Code) offers significant benefits for businesses engaged in import and export. With an IEC registration, businesses become eligible to avail incentives and subsidies provided by the Customs Department, Export Promotion Councils, and other relevant authorities. Additionally, after filing a Letter of Undertaking (LUT) under GST, exporters are exempt from paying taxes on exports. In cases where taxes are paid on exports, exporters can claim refunds on the tax amount paid.

The Niryat Bandhu Scheme, initiated by the Directorate General of Foreign Trade (DGFT), aims to assist entrepreneurs, exporters, importers, and students in the field of export and import management. The primary objective of this scheme is to provide educational support and certification in export and import management practices.

The Import Export Code (IEC) facilitates your entry into international markets, enabling your business to expand its global reach. This not only enhances revenue potential but also contributes to overall business growth.