What is Import Export Code?
Cross-selling products outside the domestic boundaries is known as Import/Export.
For doing such activities, we need to get registered and hence the code is required which is known as Import/Export code.
Why Import Export Code is required?
For your easy operation at custom and with banks. Also it helps you get subsidy as per govt. incentive and GST refund
Is it mandate to get IEC code?
Yes. Unless if your firm is registered under GST, then your PAN is your IEC. Also if you are importing / exporting for your personal use, it is not required.
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