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The processing time for IEC registration typically ranges from 1 to 2 working days after the submission of a complete application.
Yes, the IEC code is valid for a lifetime and does not require renewal.
No, an individual can only obtain one IEC code against a single PAN number.
Yes, an IEC code is mandatory for both importing and exporting goods or services from India.
Yes, changes such as address updates or modifications in the entity's details can be made to the IEC code by applying for a modification online.
Yes, certain categories of importers and exporters, such as individuals importing or exporting goods for personal use and specified agencies of the government, are exempted from obtaining an IEC code.