IMPORT EXPORT (IEC CODE)

The Government of India recently issued a circular according to which an Import Exports Code is not compulsory for traders with GST (Goods and Services Tax) registration. If trader 
registered under GST, his/her PAN will be used as his/her new Import Export Code for import and export purposes. An Import Export Code will not be required if the goods that are being imported or exported are not done for commercial reasons, but for personal purposes. Imports or exports carried out by ministries and departments of the Indian Government, or notified charitable institutions, will not need an Import Export Code.

Business owners who wish to expand their businesses into global markets can register for Import Export Code and gain access to a larger audience.