Import Export Code registration is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods require registering Import Export Code. Import Export code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
The Import Export Code must be quoted by importers while clearing customs. Also, banks require the importers Import Export Code while sending money abroad. For exporters, Import Export Code must be quoted while sending shipments. And banks require the exporters Import Export Code while receiving money from abroad. Import Export Code Registration can be done through Startup Movers in Delhi NCR, Mumbai, Bengaluru, Noida