IEC Code Update & Renewal – Complete Guide for Exporters
List of Services
AFLEO Consultants DGFT Regional office
- IEC and its modification/Yearly Update/IEC Surrender.
- Revoke IEC from DEL, Suspension, Cancellation etc / Merger/Demerger of IEC’s.
- DGFT Identity card.
- Advance License - Issuance and Redemptions
- Export Promotion Capital Goods (EPCG) License – Issuance and Redemptions
- Duty-Free Import Authorization (DFIA)
- Remission of Duties or Taxes on Export Product (RoDTEP)
- Merchandise Exports from India Scheme (MEIS)
- Services Exports from India Scheme (SEIS)
- Rebate of State and Central Taxes and Levies (RoSCTL)
- Transport and Marketing Assistance (TMA)
- Certificates of Origin (COO) – SAPTA, APTA, ISLFTA, GSTP, India–Dubai CEPA, etc.
- Import Monitoring System (IMS) – Steel IMS, Coal IMS, Copper/Aluminium IMS, Chip IMS
- Deemed Export Benefits – Apply for Refund of TED/DBK/Brand rate Fixation.
- Star Export House Certificate.
- Free Sale & Commerce Certificate, End User Certificate.
- Enforcement cum Adjudication Proceedings at RA Mumbai.
- E-RCMC Certificate from DGFT – APEDA, FIEO, EEPC, PHARMEXCIL, CHEMEXCIL ETC.
- Gems & Jewelry Schemes.
- Application for Interest Equalization Scheme.
- REX Registration.
- FREE SALE AND COMMERCE CERTIFICATE.
- Abeyance Cases for IEC’s in DEL.
- END USER CERTIFICATE.
DGFT HQ, New Delhi
- Norms Fixation - Handling 25+ Norms Fixation cases every month across various Product groups. (Engineering, Pharmaceutical, Chemical, Textiles & Leather, Plastic & Rubber, Food, Sports & Misc. products)
- Policy Relaxation Committee (PRC Matters) - Proudly representing 20+ cases every month.
- EPCG Committee Approvals - Handling 10+ complex cases every month
- Permission for Restricted/Negative list of Import Items & Export Items - Experience in Handling 100+ cases till date.
- Registration Certificates for Export & Import Items.
- SCOMET Licenses.
- TRQ (Tariff Rate Quotas)
- Appeal Matters under FTP.
Custom Related Services
- AA/EPCG/DFIA License Registration.
- Bond & Bank Guarantee (BG) Cancellation of EPCG/Advance License.
- ICEGATE Registration.
- Refund under Section 74.
- Pending Duty Drawback from Customs.
- Factory stuffing– Self-sealing permission. [FSP]
- Pending IGST Refund from Customs.
- Removal of IEC from the Alert list of Customs.
- GST Services – Refund of ITC from GST.
- Authorized Economic Operator (AEO T1, T2 & T3) certification.
- Reply & Follow-up of Customs Notices if any.
- GST Services – Refund of GST for Service Exporters.
- AD Code/IFSC Registration.
- SIIB Matters (Special Investigation and Intelligence Branch)
- SVB Matters.
- Registration Procedures for First-time Importers/ Exporters
- DPD/DPE Registration.
Other Certification:
- All Types of Digital Signature Certificates.
- Health Certificate for Export Products
- EPR Certification for Producers, Importers and Brand owners.
- Phytosanitory Certificate.
- BIS Certification.
- Banking & RBI related liaison for Exporters & Importers.
AFLEO logistics
- Sea Cargo Consolidation – Import & Export
- Sea Freight Forwarding - Import & Export
- Air freight - Import & Export
- Land freight
- Warehousing
- Customs clearance
- Insurance
AFLEO Global
- Buying of scrips - MEIS / SEIS / RoDTEP / RoSCTL / DFIA
- Selling of scrips - MEIS / SEIS / RoDTEP / RoSCTL / DFIA
Find our brochure for more details:
Table of Contents
IEC Code Update & Renewal – Complete Guide for Exporters
- What is an Import Export Code (IEC)?
- Circumstances When an IEC is Necessary
- Instances Where IEC is Not Required
- Steps Involved in IEC Registration
- Documents Needed for IEC Registration
- Advantages of IEC Registration
- Cost and Validity of IEC
- Restricted Goods List (as per IEC regulations)
- How to Apply for an Import-Export License Online
- FAQ’s
- Associated Services Provided by Afleo
- Conclusion
What is IEC Code Update & Renewal?
An Import Export Code (IEC) is a 10-digit DGFT registration number that allows Indian companies to export or import goods and services legally. Once obtained, it can be used throughout the life of the company. The DGFT only requires that all IEC holders update and renew their IEC information on a yearly basis to maintain their active status.
- IEC Code Update: Refers to updating and confirming business information on the DGFT portal once in a financial year (April-June) or whenever there is a change, like a change in the address of the business, directors/partners, bank account, or contact details.
- IEC Code Renewal: Refers to renewing and re-validating your IEC annually to keep the status active with DGFT. Even in the absence of any change, renewal needs to be done once a year.
Both IEC Code Renewal and Update are a necessity for legal compliance, unobstructed trade, and ongoing eligibility for export incentives.
Why IEC Code Update & Renewal Matters
Maintaining your IEC by keeping it up to date and renewed on time is not merely a regulatory procedure; it has a direct impact on your business functions and monetary benefits. Here’s why it’s important:
- Compliance with DGFT Regulations: DGFT requires all IEC holders to file updated details annually. Failure to comply can lead to automatic suspension.
- Dodge Penalties or Disruptions in Trade: Once your IEC is suspended, your shipping bills, as well as export-import transactions, can be withheld by Customs or banks.
- Benefit of Export Incentives: Active status for IEC is essential to avail of DGFT schemes such as EPCG, MEIS, RoDTEP, and Advance Authorization.
- Sustain Credibility: A current IEC embodies trust and professionalism, supporting your credibility with the government ministries, banks, and overseas trade associates.
Keeping your IEC updated builds your confidence that your export-import business operates continuously without any breaks or compliance issues.
Who Requires an IEC Code Update & Renewal
The IEC Code Update and Renewal is applicable to all firms that possess an IEC, including:
- Exporters and Importers, regardless of business size or industry.
- Firms utilizing export incentives or bidding for international tenders.
- MSMEs and Startups increasing business or venturing into new export destinations.
- Service Exporters offering services to customers overseas.
Whether an experienced exporter or a fresh entrant in international trade, IEC renewal at the right time keeps your business compliant and competitive.
Step-by-Step Guide for IEC Code Update and Renewal
Your IEC updation is an easy online process through the DGFT portal. Please follow the steps with care:
1. Log in to the DGFT Portal:
Go to https://www.dgft.gov.in and log in with your registered email ID and password. Register yourself if you have not registered.
2. Go to IEC Management:
Go to the “IEC Profile Management” menu under Services > IEC.
3. Verify Existing Information:
Check your current IEC details – PAN, business name, address, director/partner information, contact number, and email ID.
4. Update Relevant Details:
If there are any modifications (e.g., bank account change, branch address, or ownership pattern), update them in turn.
5. Save and Submit:
Send your revised IEC form, sign it with a Digital Signature Certificate (DSC) or Aadhaar e-sign, and get the acknowledgement downloaded.
After submission, DGFT makes the amendment, and your IEC profile shows the new details.
Documents Required for IEC Code Update & Renewal
You’ll need the following documents for IEC update or renewal:
- PAN Card of the business or proprietor.
- Bank Account Details – cancelled cheque or bank statement.
- GST Registration Certificate (if any).
- Proof of Business Registration – Certificate of Incorporation, Partnership Deed, or Udyam Registration.
- Proof of Address – electricity bill, rent agreement, or property tax receipt.
These should be kept handy to ensure a hassle-free and glitch-free update process.
Common Challenges
Though the process is simple, exporters are plagued by:
- Missing Update Deadlines: Failure to update the IEC between April to June every year attracts automatic deactivation.
- Incorrect or Incomplete Documents: Providing mismatched or expired documents may cause a delay in approval.
- Ambiguity Between Update and Renewal: Most companies consider both synonymous, but DGFT differentiates between updating information and verifying yearly renewal.
Timely professional support can prevent these mistakes and ensure smooth trade activities.
How Afleo Can Assist In IEC Code Renewal & Update
We at Afleo Group are experts in streamlining intricate DGFT procedures for importers and exporters. Our skilled team keeps your IEC current and compliant at all times.
Here’s how we assist:
- Expert Guidance: Step-by-step assistance in filing and submitting applications for IEC update or renewal on the DGFT portal.
- Documentation Assistance: We draft and check all the required documents before submitting them.
- Compliance Assurance: We monitor deadlines, and your IEC is renewed within the DGFT time frame to prevent penalties or deactivation.
- End-to-End Support: From online submission to approval confirmation, Afleo does it all for you.
Reach out to Afleo for hassle-free IEC renewal and updates. Our experts guarantee accuracy, compliance, and peace of mind.
FAQs on IEC Code Update & Renewal
1. What is the difference between IEC Code Update and Renewal?
2. How frequently is the IEC to be updated or renewed?
Each holder of an IEC needs to update or renew their IEC between April and June every year, even if there are no alterations in business information.
3. What will happen if the IEC is not renewed within the time?
4. Can IEC be updated offline?
No, the process is entirely online through the DGFT portal using DSC or Aadhaar e-signature authentication.
Conclusion
Your IEC Code Renewal and Update is not just a compliance need; it’s an essential move toward hassle-free business, ongoing access to export advantages, and a reputation of trust with overseas markets.
Afleo makes the whole process easy for you, from renewals and updating information to maintaining your IEC active throughout the year.
Call Afleo today to deal with your IEC renewals and updates cost-effectively, and concentrate on what is vital: expanding your exporting business.