Import Export Code | IEC

When Importer import goods from other countries then at the custom port he needs to produce the IEC certificate for clearing the goods from the custom port. Goods will remove from custom port only when all the required documents along with duty will be paid by the importer and IEC is one the document which will be required here. Similarly when Indian trader exports its goods to outside the country then IEC will be needed.

➲ For Importer banking purpose

When an importer sends money into a foreign country through the banking channel then banks ask for an IEC certificate from the importer for such transactions. Without IEC certificate importer can’t transact (transfer of money) to a foreign county.

➲ Exporting of goods

When Indian trader wants to export its goods to a foreign country, then at the time of export Indian custom department will ask for IEC certificate, without it trader can’t make the export. It is one of the important documents while making export.
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