IEC Stands for IMPORTER EXPORTER CODE
The initial requirement ahead of you starts an import/ export business in India is to obtain an IEC. An IEC is necessary for import/export of goods. Subject to the import/export is of services or technology, IEC is required in only limited conditions when import/export is in ‘particular services’ or ‘specified technologies’, i.e. services or technologies in which worldwide trade is restricted by the Government of India as they pertain to national security.IEC code is chosen only once and it is applicable for the lifetime. It is like a PAN card, which is allotted one time and the same is valid for lifetime.