Import Export Licence (IEC) is first step to start your trading business globally. Movement of goods from one country to another country is not possible without obtaining Import Export Code (IEC). However movement of goods for personal use can be done without IEC. Import Export Code is a PAN based 10 Digit no. i.e. PAN which is allotted you will be your IEC no. Previously a unique no was allotted for IEC whereas now IEC code will be same as your PAN.