An IEC Code is a 10-digit number allotted to an importer or exporter by the regional office of Director General of Foreign Trade (DGFT). IEC is a gateway for importing/exporting any product/services and also to avail various benefits from Export promotion Council or DGFT. To get an IEC Code one has to submit valid documents...
Numbers of taxes were levied by Government such as Central Excise Duty, VAT, Purchase Tax, Service Tax, Central Sales Tax etc. making Indirect Tax system complex. To simplify this system, the Goods and Services Tax (GST) was implemented by Government. GST is an indirect, value-added tax levied on goods and services. GST is paid by...
Exporting Services Worldwide? Confused Whether to take IEC Code or Not? Let us Help You. Import and export of commodities can be done with Import Export License (IEC) but what about providing services internationally? Is there any need for IEC for exporting services? Have a look below to know more. What is the meaning of...
A ten-digit number allotted by Directorate General of Foreign Trade (DGFT) for conducting an import-export business is known as Import Export Code (IEC). It is obligatory for all businesses or an individual who is engaged in importing and exporting of goods/services to have an IEC. To avail the benefits from Export Promotion Council or Customs or...
International Trade always fascinates you? These days it has become really easy to get good global trading opportunities. Global trade is on the rise and all thanks to Director General of Foreign Trade (DGFT), Ministry of Commerce, Government of India for making it easier to start an Export-Import Business in India and get import export...
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