The import and export code are mandatory registration under the foreign trade regulation act, without this registration you cannot register on the export-import portal of the DGFT and custom authorities which means it is the most essential thing for starting the export – imports. In addition to IEC, export-imports of different products attract different compliances under the other legislations to which generally the custom authorities called as “Allied Acts”, compliances of which are checked with the main act of Customs Act, 1962.
Accordingly, while custom clearance many kinds of compliances, licenses, approvals, NOCs & registrations are prescribed in addition to your import-export code. Likewise, the Legal Metrology Act, 2009 has mandated the registration of importers of weight and measurements in addition to their IEC code.