How to Update your IEC Code from DGFT If you are an exporter then it is important for you to keep your IEC Code Updated from DGFT. IEC Code is very important in Export Import Business, every exporter and Importer must have an IEC Code to do Export Import Business. The Authority responsible for processing and approving an IEC is DGFT – Directorate General of Foreign Trade. All Individuals planning to start their Export Import Business must make an application for IEC code before committing to any