Online IEC Code Registration (Import Export License) IEC Code enlistment is required by a man for exchanging or acquiring stock. Online IEC Code which is issued by The Directorate General of Foreign Trade (DGFT). All associations which are occupied with Import and Export of stock require enlisting Import Export Code. IEC code has lifetime authenticity. Shippers are not allowed to proceed without this code and exporters can't take benefit of charges from DGFT, conventions, Export Promotion Council, in case they don't have this code.