Many times it happens that when a person starts a business, he does all thenecessary compliances and takes all the required registrations required to startthe business. But in the course of business, it happens that one needs to closea business or liquidate a company or one is forced to close a particulardepartment of business due to various factors.
Among the various registrationsrequired to be taken while starting a business, IEC registration is one of themif one intends to import or export goods or services. If one does not intend touse the IEC license further then it can be surrendered to the issuing authority.In this article, we will discuss all about IEC submissions.
What is IEC License?
Import Export Code (IEC Code in short) is a ten digit number issued by Directorate General of Foreign Trade under Ministry of Commerce and Industry to any bona fide person/company …