All types of entity’s including proprietorship firm which wishes to engage in the business of importing goods into India and/ or exporting goods outside India
No, the registration or license is provided for life long. There is no need to renew year after year.
No, there is no prescribedreturn which need to filed periodically after obtaining IEC.
No, there is no requirement of proving import or export before applying for IEC.
No, for same, you need to apply for separate registration with respective export councils.