Import Export Code referred to as a 10 digit identification number which is issued by the Director-General of Foreign Trade, Department of Commerce, Government of India. It is also known as Importer Exporter Code. It’s impossible to deal with export or import business without this code.
IE Code registration is permanent registration which is valid for life term. Hence, there’ll be no hassles for updating, filing, and renewal of IE Code registration. It is in continuance till the business exists or the registration is revoked or surrendered. Further, unlike tax registrations like GST registration or PF registration, the importer or exporter does not require to file any filings or follow the other compliance requirement like annual filing.