No, it is not mandatory to update your Import Export Code (IEC) every year. However, as per the latest regulations by the Directorate General of Foreign Trade (DGFT), it is required to update or confirm your IEC details annually. Even if there are no changes in your business information, you must log into the DGFT portal and either update or confirm that the existing details remain ac... https://www.compliancecalendar.in/iec-code-import-export