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Beginner
What is an IEC code?
Direct Answer
IEC stands for Import Export Code required for international trade in India.
Detailed Explanation
The Import Export Code is issued by DGFT and acts as the primary business identification number for importers and exporters in India. Without IEC registration, businesses cannot legally perform international trade transactions or customs clearance operations.
Related Resources
Knowledge Card
These interactive logistics flashcards are designed to simplify international trade concepts, freight forwarding, customs clearance, and shipping documentation for importers and exporters.