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Any business engaged in import and export of goods or services should have an IEC. IEC is issued by Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. Without IEC licence you cannot import or export goods.
An IEC issued can be issued in the name of any individual as well, ie; you need not be a registered entity. An IEC once issued has a permanent validity ie; it need not be renewed for its lifetime.
Time Line: 15 ‐ 20 working days
Location: Mumbai, Navi Mumbai and Thane