IEC helps you to expand your business. It takes your product or service to the International level. On the basis of IEC you can obtain various benefits from DGFT/Customs/Export Promotion Council etc. IEC can be obtained within 5-6 working days after submission of your application and it is valid for a lifetime. It does not require any renewal or return filing,
 Customs authorities need it to clear shipments during imports.
• The bank needs it to transfer the money when imports are made.
• Similarly during export shipments, the IEC is required.
• When exporter is supposed to receive money in foreign currency, IEC code is required to transfer the money to his account directly.
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