What is the use of iec code.how a person can exports the goods with the use of iec code without any tax or gst.
what shall i do to apply for iec code and can i also export my goods without any tax or gst if yes then what is its full prodecure plz explain fully
IEC refers to Import Export Code issued by DGFT. It is mandatory for every exporter or importer to have this code before making such export or Import.
It is only an Identity code and doesn't give any exemptions from taxes on exports or imports.
To make exports without GST, you have to register under GST and submit LUT and then you can export without GST with condition that exports will be received before time limit mentioned under FEMA guidelines
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