The first requirement before you start an import/ export business in India is to obtain an IEC. An IEC is necessary for import/export of goods. In case the import/export of services or technology, IEC is required only in limited circumstances, when import/export is in ‘specified services’ or ‘specified technologies’, i.e. services or technologies in which international trade is restricted by the Government of India as they pertain to national security, such as dealing in nuclear weapons, automatic guns, etc. IEC is not required under circumstances like Import/export of goods for personal use, which is not connected with trade, manufacture or agriculture and Import/export by government ministries and departments, and certain notified charitable organizations.