Annual Skilling and Mentorship Obligations- Foreign Trade Policy 2023
The Foreign Trade Policy aims to develop a sustainable export ecosystem by leveraging the knowledge and experience of Status Holders to mentor and train aspiring exporters and young professionals.
Annual Updation of IEC-Foreign Trade Policy, 2013
• As per Paragraph 2.05 of Foreign Trade Policy, 2023 an IEC (e-IEC) is a 10-character alpha-numeric number allotted to an entity (firm/company/LLP etc.) and is mandatory for undertaking any export/import activities. With a view to maintain the unique identity of an entity, consequent upon introduction / implementation of GST, IEC shall be same as Permanent Account Number(PAN) and shall be separately issued by DGFT based on an online application.
Import Export Code
IEC (Import-Export Code) is regarded as key business identification number that is compulsory for purpose of export & import from India.