The Import Export code registration is mandatory for any individual or business engaged in importing and exporting of goods. In the absence of an IEC one cannot import or export.
The IEC is a 10-digit code issued by the Director General of Foreign Trade. Once issued it has permanent validity throughout India.
There is no need for any filing related to the transaction of goods imported or exported while using this IEC Code.
The application for the IEC will have to be done by filing the Aayaat Niryaat Form 2A (ANF 2A) to the regional authority of the Director general of Foreign trade in whose regional jurisdiction the registered office of the business is situated.