Registration of Import-Export Code (IEC) has lifetime validity. In view of the statement, mention essential features of IEC registration.

Import Export Code (IEC) registration is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods require registering Import Export Code. Features of the Import Export Code (IEC) Registration are as under: International Exposure: IEC Code helps you to grow your business from local market to international market and expand your product or service across the globe. Government Benefits: IEC Code Registration you can avail all the export scheme benefits from DGFT. No Renewals: IEC Code issued by the DGFT for the lifetime validity so you have not required renew every year so it's a just one time cost of the registration. No Annual Compliance: IEC Code have no annual compliance like returns filings etc. Individual person: IEC Code can also be obtained by the individual.