IEC is a 10-digit identification number which is issued to business people and individuals trading internationally. The IEC is issued by the Directorate General of Foreign Trade under the Ministry of Commerce and Industry, Government of India. This is an indispensable number to import or export goods and services from India.
Individual:
Business:
Q: For which time duration IEC is valid?
IEC is lifetime valid and renewal is not required.
Q: Can IEC be amended or cancelled?
Yes, modification can be made online through the DGFT portal. IEC also can be surrendered in case the business is out of operation.
Q: Do service exporter require IEC?
Yes, for those service exporters who are earning payments in foreign exchange except those for whom it has been exempted.