What is the role of DGFT in issuing an IEC Code?

The Directorate General of Foreign Trade (DGFT) plays a crucial role in India’s international trade landscape by issuing the Importer Exporter Code (IEC), which is a mandatory 10-digit number for all businesses engaged in import or export activities. The IEC acts as a unique identifier that facilitates trade and is required for customs clearance, availing of government benefits, and conducting foreign currency transactions through banks. The DGFT has simplified the application process by enabling online registrations through its digital portal, integrating it with the applicant’s Permanent Account Number (PAN) to ensure a streamlined and secure framework. By overseeing the issuance and management of the IEC, the DGFT supports efficient trade operations, ensures compliance with trade regulations, and enhances ease of doing business internationally. This system not only helps maintain robust monitoring of export-import activities but also integrates with other national initiatives to promote India's global trade competitiveness.

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