Import Export (IE) Code is a 10 digit code that is required for persons importing or exporting goods and services from or to India. So, an importer cannot import without IE Code & an exporter cannot avail the benefits of various exporter friendly schemes of DGFT, export promotion council & customs, without the IE Code. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IE Code is valid for all divisions/units/branches etc.
• For clearing shipments.
• When importer sends money abroad through the ban.
• When the exporter sends the shipment.
• When the exporter receives money into his bank account.