Any individual, firm, company or entity, who wants to do business in international market, can apply for IEC code registration. IEC is issued by the Directorate General of Foreign Trade (DGFT). Import Export Code required in the business of export or import of goods and services in India. IEC is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. Moreover IE Code is no more one-time process. Import Export Code requires annual renewal it is to be updated annually between Aprils to June every year.