An Import & Export Licence refers to the registration or authorization required for businesses engaged in the import or export of goods from India. In India, the Importer Exporter Code (IEC) issued by the Directorate General of Foreign Trade (DGFT) is generally required for carrying out import/export activities, subject to applicable exemptions.

• Purpose:Enables businesses to conduct international trade legally and systematically.
• IEC:The IEC is a key identification number for importers and exporters.
• Issued By:The IEC is issued by the Directorate General of Foreign Trade (DGFT).
• Uses:Required for many customs, banking, shipping, and international trade transactions.
• Application:Businesses can apply online by providing the required business and applicant details and documents.
• Benefits:Helps businesses access international markets and conduct cross-border trade.
• Compliance:Importers and exporters must follow applicable customs, foreign trade, GST, and other regulatory requirements.