11 November 2011
A COMPANY IS ENGAGED IN PROVIDING CONSULTANCY IN EDUCATION/MEDIA AND EVENTS MANAGEMNET. SUPPOSE THE COMPANY PROVIDES A SERVICE OUT OF INDIA AND RECEIVES PAYMENT IN FOREX(EXPORT OF SERVICE)IS THE COMPANY REQUIRED TO OBTAIN IEC CODE BEFORE DOING THIS TRANSACTION.
IN OTHER WORDS: IS IEC CODE APPLICABLE FOR IMPORT/EXPORT OF SERVICE.