IEC Registration Explained: A Step-by-Step Guide for Beginners
IEC registration is a mandatory requirement for businesses in India that import or export goods and services. It is a 10-digit code that acts as a registration mechanism with the DGFT. The IEC enables companies to expand their global market reach and access various government benefits and incentives. It is also a primary document for recognition by authorities, allowing firms to participate in international trade transactions smoothly and legally.