IEC query

IEC code is a license for import and export businesses, which is submitted to appropriate authority as and when required.

The registration helps Government to administer the transportation of restricted or prohibited or illegal goods and regulation of all international transactions.

The registered business entities can avail benefits in form of subsidies or otherwise declared by the Customs, Export Promotion Council or other authorities.

The application for import export code is made online which makes the process hassle free for the business owners with simple documents requirement.

It is a code is allotted with lifetime validity and is based on Permanent Account Number of the business organization. Therefore, no renewal is required once the registration is 

is it required for people who import and export services?

Yes right

No not required in case of service