All outdated importer-exporter code to be de-activated from Oct 6

NEW DELHI : The Importer -Exporter Code is a key business identification number that is mandatory for exports or imports and no person shall make any import or export except under an IEC number granted by the DGFT.

The Commerce Ministry has decided to deactivate all importer-exporter codes (IECs) that have not been updated after January 2005 with effect from October 6 this year, a move which would help in knowing the actual number of real traders in the country.

The Importer -Exporter Code (IEC) is a key business identification number that is mandatory for exports or imports. No person shall make any import or export except under an IEC number granted by the DGFT.