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short answer for others looking for something similar: check with your CA for selling website details. It is not as complicated as I thought, your CA should be able to guide you easily.

A big shoutout to Mitsu! I got in touch with Mitsu through PM and spoke for a long time over phone. Mitsu cleared my doubts on the issue. I have to say I am very pleasantly surprised on how detailed and nice Mitsu was! Totally bowled over. Hats Off to Mitsu!

Info on Import Export Code and Tax There is almost no info on IEC/Tax for website/domain selling from India. Any info you can provided on sorting this out would be helpful. Thanks EDIT: In trying to explain the background, I made the initial post too long. Editing this to simplify so it will...