IEC is required When the Business Houses exporting the goods or services from India to any country, however movement of goods for personal use can be done without IEC.
This is the first step to sell our goods or services globally.
IEC is the PAN based 10 digit code issued instantly by the Director General of Foreign Trade (DGFT) with life time validity after the filing of application online.
The Government fee for the application of IEC is Rs. 500/-.