More details about IEC Code

Here's what you need to know about the IEC:

1. Mandatory Requirement: Any entity or individual planning to engage in international trade (import or export) in India must obtain the IEC. Without it, one cannot legally import or export goods or services.

2. Lifetime Validity: Once issued, an IEC does not require renewal and is valid for the lifetime of the entity or individual, unless it is surrendered or revoked.

3. One-time Registration: A business entity needs only one IEC, regardless of its number of branches or business units. The IEC will be the same for all branches or divisions of the entity.

4. Exemptions: Certain categories of importers and exporters are exempted from obtaining the IEC, based on the nature and type of their goods or the specific guidelines provided by the DGFT.

5. Primary Document: The IEC acts as a primary document for recognizing an importer/exporter and is often required by customs authorities and other stakeholders in the international trade process.

6. No IEC for Personal Use: Goods and services that are imported or exported strictly for personal use and not for any commercial or trade activities do not require an IEC.

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