IEC stand for Import Export Code. IEC is issued by Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India and it’s a 10 digit code. IEC is required before indulging in business of importing and exporting goods without which you cannot import or export. There is no need to renew IEC as it is issued for lifetime. You can take benefit of export and import from DGFT, Customs only if you are having IEC number. COMPLIANCESBIZ team will help you in getting the import export license.