Update IEC Code Online Yearly to avoid deactivation

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What is the IEC?

Import-Export Code (IEC) is the 10 digit business identification number [PAN Number] that is important to do the Import-Export from the country; the import-export cannot be performed by any person without having the IEC number. It is issued by the DGFT (Directorate General of Foreign Trade) which is the Department of Commerce, Government of India.

Latest Update regarding IEC

As per notification number 58/2015-2020 the DGFT has amended the IEC-related provisions under chapter 1 & chapter 2 of the Foreign trade policy and added the following points -

An IEC holder has to ensure that details in its IEC are updated electronically every year during the April-June period.
In cases where there are no changes in IEC details, the same also needs to be confirmed online.
An IEC Shall be de-activated if it is not updated within the prescribed time.
An IEC so de-activated may be activated, on its successful updation. This would however be without prejudice to any other action taken for violation of any other provisions of the FTP.
An IEC may also be flagged for scrutiny. IEC holders are required to ensure that any risks flagged by the system are timely addressed, failing which the IEC shall be deactivated.

Procedure and required details/documents for IEC Updation/Modification

To do the IEC Updation/Modification on the DGFT portal we have to create the Profile on the portal and link it with the IEC.

Registration/Profile creation on the DGFT Portal

To do any activity on the DGFT Portal regarding the import-export first we should have a profile on the portal,
Details such as a Mobile number, Email Id, and applicant's name are required to be filled on the portal under "New Profile".

Linking with the IEC

Profile created has to be linked with the existing IEC(Import-Export Code) with the help of a digital signature certificate and updated Adhar card of the applicant.
This is the necessary step to be followed first before IEC updation/modification or to claim your pending benefits under Government incentive schemes such as RoDTEP Scheme, SEIS Scheme, MEIS Scheme, etc.

IEC Updation/Modification

As per the notification we have to update the IEC every year between April to June even if there is no amendment on the DGFT portal.
If we are not updating the details of IEC every year in the stipulated time, IEC will be De-Activated.

Now, the question may arise about what kind of updation we need to do online every year, so the list of updation/modification types we can do in the IEC on the DGFT portal is given below.

Change in - registered address.
Change/Add/delete - branch address.
Change of - Mobile number & Email id.
Change of - Bank details.
Change/Add/Delete - Directors/Partners.
Change of business nature.

Refer to the flowchart below to know the steps involved in the Updation/Modification of IEC.

Required Details for Registration/Profile Creation on the DGFT Portal

Person name:-
Email ID For OTP
Mobile No For OTP
Digital key or Any director/Partner/Proprietor Adhar card copy in which the details exactly match with Pan Card having Mobile registered for OTP.

Required Documents for Updation/Modification in IEC

Scan copy of Company Pan Card.
Scan copy of Cancelled Cheque.
Scan copy of Register address proof. - Register address proof (GST - Form GST REG - 06/Agreement copy/Electricity bill/Form- 18)
All directors/Partners Pan cards, Aadhar card copies, and Mobile No.
Digital key/Adhar card Registered Mobile No for OTP of any Director.
Copy of GST certificate.
Import Export - Products Group.
Details of Amendment if any.

Who Are We and how we can help you?

We at Afleo Consultants are India’s leading Export Import Consultants, having rich experience of 10+ Years in the domain. We specialize in GST Refund from GST Department, all the DGFT related matters such as IEC Issuance/Modification and Export promotion schemes like RoDTEP, MEIS, SEIS, Advance License, EPCG, AEO certification, Star Export House certification, Duty Drawback, etc.

Get in touch with us to update your IEC to avoid the deactivation post-June, our team would be happy to help you.

We have a PAN India presence.

We would appreciate your comments and views on the above topic.

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