IEC data to be updated electronically yearly during April-June even when there is no changes. Non updation would result in deactivation of IEC
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Notification No. 58/2015-2020
New Delhi, Dated: 12th February, 2021
Subject: Amendment of Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020
S.O. 656(E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the IEC related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020.
Following paragraphs of Foreign Trade Policy, 2015-2020 are amended as below:
|Existing Text||Amended Text|
|1.11 Issue of e-IEC (Electronic- Importer Exporter Code)||1.11 e-IEC (Electronic-Importer Exporter Code)|
|(a) Importer Exporter Code (IEC) is a mandatory for export/import from/to India as detailed i n paragraph 2.05 of this Policy. DGFT issues Importer Exporter Code in electronic form (e-
IEC). For issuance of e-IEC an application can be made on DGFT (http//:dgft.gov.in). Applicant can upload the documents and pay the requisite fee through Net banking. Applicant shall, however, submit the application duly signed digitally.
|Importer Exporter Code (IEC) is mandatory for export/import from/to India as detailed in paragraph 2.05 of this Policy. DGFT issues Importer Exporter Code in electronic form (e-IEC). Application for issuance of e-IEC can be made directly on the DGFT web portal (https//www. dgft.gov.in).|
|2.05 Importer-Exporter Code (IEC)||2.05 Importer-Exporter Code (IEC)/(e-IEC)|
|(c) Application process for IEC is completely online and IEC can be generated by the applicant as per the procedure detailed in the Handbo ok of Procedure||(c) Application process for IEC and updation in IEC is completely online and IEC can be generated by the applicant as per the procedure detailed in the Handbook of Procedure|
The following sub-paragraphs are inserted under para 2.05 of Chapter-2 of Foreign Trade Policy, 2015-2020 as under::
|FTP Paragraph no.||Text added (New)|
|2.05(d)||An IEC holder has to ensure that details in its IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details same also needs to be confirmed online.|
|2.05(e)||An IEC shall be de-activated, if it is not updated within the prescribed time. 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 be also be flagged for scrutiny. IEC holder(s) are required to that any risks flagged by the system is timely addressed; failing which the IEC shall be deactivated.|
4. The sub paras 1.11(b), 1.11(c) and 1.11(d) of Foreign Trade Policy, 2015-2020 are deleted.
Effect of this Notification: IEC related provisions in Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020 are amended/deleted and new provisions inserted.
This issues with the approval of Minister of Commerce & Industry.
Director General of Foreign Trade&
Ex- officio Addl. Secretary to the Government of India
[Issued from File No 01/93/180/32/AM-19/PC-2[B]/Part-I/E-21759]
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