What is IEC Code and Renewal of an IEC registration?

What is IEC Code?

The Director-General of Foreign Trade (DGFT), Ministry of Commerce, issues the Import Export Code, which is a ten-digit number. The IEC application is granted for a lifetime after it is submitted.

An Importer-Exporter Code (IEC) is a critical business identifying number that must be used while exporting from or importing into India. Unless specifically exempted, no person may export or import without first obtaining an IEC.

Renewal of an IEC registration  

This has been recently updated by the DGFT that every IEC holder will require to ensure that the details of his/her Import Export code need to be updated electronically every year from April to June.

Even when there are no changes during a year, the same needs to be confirmed online every year.