09/10/2023 Business Opportunities, Franchise
Import Export Code registration in New Delhi is required to operate import-export business. You cannot import or export goods in New Delhi without IEC code registration. IEC is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) to ease the foreign trade in India.
Any importer/Exporter in New Delhi who fails to show the IEC code, their goods will not be allowed to pass the ports and also result in incurring demurrage charges. In the worst case, their goods will be destroyed.
However, If an individual is importing or exporting goods for personal use and is not involved in any commercial trade are exempted from having an Import Export code as per the foreign trade policy.
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