If you want to change the details of your import-export company, you can modify your Import Export Code (IEC) number. It is important to note that this code has a life-time validity period. If you wish to modify the information, you will need to submit the necessary documents and the application form. The process of IEC modification is easy and fast. However, it is advisable to consult a legal consultant to help you complete the process. You don’t need an IEC to export services or personal goods. You don’t need to pay a maintenance fee on your IEC after you register and don’t have to provide proof of export or import. Once your application has been approved, there are no specific requirements that need to be met. Once you have your IEC, you can use it without a hassle. If you don’t export goods, you will have to obtain a new one. You can also apply for a modified Import Export Code if you are an exporter. It will be given to you once you’ve been approved. Your IEC will also help you access foreign markets. The benefits of IEC are obvious. First, it will help you reduce the costs of imports and exports. The government wants to encourage exports because they bring valuable foreign exchange into the country. Hence, it’s necessary for you to have an IEC for your business.