DGFT

Revised Procedure for modification in IEC for shifting the office

Revised Procedure for procedure for modification in IEC for shifting the office

Director General of Foreign Trade (DGFT) has revised the provision at para 2.14 (A) of the Handbook of Procedure (2015-20).

Under the existing procedures, when an IEC holder seeks modification/ change of Branch Office/ Head Office/ Registered Office address in its IEC and which involves a shift in its jurisdictional RA, a request to that effect will have to be made to RA concerned under whose jurisdiction the applicant exists. 

On the basis of this request, the RA (Custodian of the IEC File till now) will process such requests and amend IEC, if found appropriate, under intimation to the RA under whose jurisdiction the applicant wants transfer. The new RA shall allow the person in its new address to carry out necessary functions and also apply for eligible benefits as per FTP.

Revised Procedure for procedure for modification in IEC

The following new procedure has been prescribed:

When an IEC holder seeks modification/ change of Head Office/ Registered Office address in its IEC and which involves a shift in its jurisdictional RA, a request to that effect will have to be made to the new RA, to whose jurisdiction the applicant is shifting its office.

The new RA shall make appropriate amendments, based on documents submitted to it by the applicant. The new RA will also separately inform the RA, who had initially issued the IEC, of the changes made in the concerned IEC. Thereafter, the new RA shall allow the applicant to carry out necessary functions and also apply for eligible benefits as per FTP through its office.

----------- Similar Posts: -----------
Share

Recent Posts

  • Income Tax

No statutory requirement of pre-deposit for stay of demand under Income Tax Act – HC

There is no statutory requirement of pre-deposit for stay of demand under Income Tax Act - High Court stayed demand  …

19 seconds ago
  • ICSI

Engagement of Company Secretaries as Young Professionals at RoC Mumbai and Pune

Engagement of Company Secretaries (CS) as Young Professionals in the Office of Regional Director (WR), Registrar of Companies, Mumbai and…

4 hours ago
  • Income Tax

Applicability of Section 115BBE rws 69, 69A 69C in a case before Settlement Commission

Applicability of provisions of Section 115BBE  read with Section 69, 69A and 69C in a case arising before Settlement Commission…

4 hours ago
  • Income Tax

Jewellery purportedly received from grandparent under Will added as unexplained credits

Addition u/s 68 for jewellery purportedly received on death of grandparent under Will upheld. In a recent judgment, ITAT upheld…

2 days ago
  • bankruptcy

SC lays down tests to determine if a debt is financial debt or operational under IBC

Supreme Court lays down tests to determine whether a debt is a financial debt or an operational debt under IBC…

2 days ago
  • Income Tax

Commonality of directors of companies does not mean deposits received was bogus

Merely because directors of two companies were common not mean that deposits received was bogus and companies were shell companies…

3 days ago