IEC stands for Import Export Code and is a unique 10-digit number assigned by the Indian government to businesses involved in international trade. It is mandatory for all importers and exporters in India to obtain an IEC. IEC number can be checked online through the official website of the Directorate General of Foreign Trade (DGFT).
The IEC number is important for various reasons. It helps identify and track businesses involved in international trade. It is also used to verify the authenticity of import and export transactions. Additionally, it is required for availing various benefits and concessions offered by the government to exporters.