No fee shall be charged on application for updation of IEC between April -June of each year. IEC data is required to be updated electronically yearly during April-June even when there is no changes. Non updation would result in deactivation of IEC
(To be published in the Gazette of India Extraordinary (Part-1, Section-1)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi -110 011
New Delhi, Dated 31st March, 2021
In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby inserts a new provision under S. No. 6 of Para 1 Appendix 2K (Scale of Application Fee and procedure for Deposit/Refund of Application Fee/Penalty etc) of Foreign Trade Policy, 2015-2020, as under:
|
S.No. |
Particulars |
Scale of Fee in Rupees) |
|
6(A) |
Annual Updation of IEC during the period April to June as per Para 2.05 of HBP |
Nil |
2. Effect of this Public Notice: No fee shall be charged on application for updation of IEC between April -June of each year.
(Amit Yadav)
Director General of Foreign Trade &
Ex-officio Additional Secretary to the Government of India
Email: dgft@nic.in
(File No.01/93/05/AM -12/PC-II(B)/E-1188)
Assessment itself is not a process to penalise assessee for earning undisclosed income – High Court upheld application of peak…
Actual use of asset not the sole test for allowability of depreciation and it may be allowed when business only…
It can never be the object of assessment proceedings to find an empirically, absolutely correct solution on every fact issue…
Penalty u/s 270A deleted as assesse filed revised computation during scrutiny correcting the mistake which was noticed only after the…
Penalty u/s 271B for unfilled column 40 in Form 3CD related to details regarding turnover, gross profit etc. for previous…
Merely rectifying computation without amending assessment order without notice to assessee does not nullify the entire assessment - ITAT In…