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Well, we cannot ignore that Import and Export are a dominant contributor to the GDP of India. A huge amount of revenue is incurred from the Import Export Business if any individual wishes to venture a business in this domain should mandatorily follow certain regulations and procedures for the seamless functioning of the business. They should hold an Import Export Code or IEC this article focusses on IEC and when a business can be modified.
Directorate General of Foreign Trade or DGFT is the issuing authority of this 10 digit identification number. Every individual who wishes to run an Import or Export business they should get this IEC Modification form to initiate the business.
There are certain prerequisites of IEC Modification; Every Importer or Exporter should meet the following conditions, to get the IEC Modification. The eligibility criteria are mentioned below:
Any import and export company would need to go for IEC modification under the following conditions:
For IEC Code Modification following documents are required:
IEC Modification Online is mandatory for every Importer and Exporters who are specified by the government. If you are unsure and save your time as well Online Legal India™ is your next stop solution. Our highly qualified IEC Experts will guide you according to your need and would work round the clock to give you service.
We offer a plethora of services like GST, ITR, Company Incorporation, FSSAI and many more.
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