An Import Export Code (IEC) is a mandatory registration for businesses looking to engage in the import or export of goods and services in India. Issued by the Directorate General of Foreign Trade (DGFT), the IEC serves as a unique identification number for businesses involved in cross-border trade. It simplifies the process of engaging in global markets and is required by customs authorities and banks to process international transactions. Having an IEC also opens doors to various government benefits and schemes that promote exports. The registration process is simple, and once issued, the IEC is valid for a lifetime. It is essential for businesses aiming to expand their operations into international trade.