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IEC is a 10 Digit Code and compulsorily required for Import or Export of any goods in and out for India. IEC is mandatory only in case of Commercial Import and Export activity. If you are sending any goods for personal use, IEC is not require. In case of Services also, IEC is only require when selling any service or know how which is restricted by Government of India. In normal Export of services, IEC is not require. IEC code can be taken in personal name or company name also. Having Bank account is compulsory for getting the IEC Code. IEC code comes under the Foreign Trade Act, 1992.There is no requirement of filling of any return in case of IEC. IEC is known as many names like Importer Exporter code, Import Export Code....