The Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT) in India, essential for businesses involved in the import and export of goods and services. IEC registration is mandatory for companies or individuals who wish to engage in international trade. It is a one-time registration and valid for a lifetime, simplifying access to global markets. An IEC is also required for receiving benefits under government export promotion schemes. The code ensures seamless customs clearance, overseas transactions, and access to a range of import-export services, helping businesses expand globally.