The Import Export Code (IEC) is a vital business identification number required for exporting and importing goods and services from India. Issued by the Directorate General of Foreign Trade (DGFT), the IEC is mandatory for any business engaging in international trade. The application process is straightforward and involves submitting essential documents like PAN, business address proof, and bank details. With an IEC, businesses can access various benefits, including international market reach, government subsidies, and the ability to conduct cross-border transactions. IEC issuance simplifies customs clearances and ensures smooth trading operations, boosting global business opportunities.