All IEC holders are now legally required to update and validate their IEC Details, even if there are no changes, from April to June once every year through Online system, failing which their IEC shall be de-activated and no import or export activity will be possible.
IEC related provisions in Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020 are amended/deleted and new provisions inserted. It is provided that 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.
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.
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.
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). Applica nt can upload the documents and pay the requis ite fee through Net banking. Applicant shall, h owever, 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 o nline and IEC can be generated by the applica nt 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. |
| 2.05(f)
|
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.
(Amit Yadav)
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]
On the apparent fraud website of IEC Update .. we have uploaded documents like Bank Cancelled Cheque picture and Aadhar card etc .. what precautions we can take to ensure safety that these farudster don’t cleanup our account .. a police complain is required ??
Similarly, I’ve received a text from them, but I will call to confirm it.
They explained everything to me regarding the process and requirement of updating IEC.
In addition, they told me that they are a private consulting firm, and they charge Rs 1,500/- for IEC updates including government fees.
They updated my IEC within one day. They seem legitimate to me, and I am not concerned.
The choice is yours to update yourself or hire someone to do it; if you hire someone, you have to pay them for their work.
Sir, what time it will take to process the IEC modification application?
Charges for IEC updation is Rs.200/- only.
It can be done via DGFT website.
Fraud SMS also comes to us, from various non government websites
If anyone receives messages from this website, please IGNORE it. Do not follow the messages.
They claim to update the IEC code and will ask for Rs.1,500/- as payment for updation of IEC.
It is a FRAUD !!!!
Please only update your IEC via the DGFT website.
Charges are Rs.200/- only.
They will ask for all of your documents also.
Do NOT provide any documentation to them.
I have already updated IEC certificate in the month of January 2021, so is there have to update/modify again the same IEC certificate. Please advice
No Ma’am you dont have to update if you already updated within 365 days.
for more details Mail us your queries on innovisors@outlook.com
CA Jigar S
Dear Sir/ Madam
Is IEC have to be update/modify, If IEC already updated in January 2021.
FOR THE LAST 3-4 DAYS THE dgft.gov.in is not functioning properly and the digital signature also not functioning may be due to due to the heavy traffic in the internet due to the up dation processing from all part of India and also due to the Covid lockdown the time limit to be extended at least for 15 days more. Expecting a favourable reply from the department – Manoharan, Kerala
Please extend the date all covid situation and lacking services from offices lack of technicalknow how of softwares and the irregular service from our chartered acconts and the contacts, even tried vogourously failed to cover the steps of iec linking, updating all couldnot done by us. Please extend the date.
Sir I am a merchsndise exporter and depending the C A for official works who is in not regular service now due to covid 19 situation.The lack of electronic know how and technical problems I couldnt update it even today.(June 30th). So please understand our grievance to extend this date for updation of IEC.
Due to lockdown and offices are not working need time extension for IEC updating and last three days not working the side we goan to export import department but he not solve our problem he tale me side not working you Waite and try same time
Our problem is director name mismatch on IEC profile we not link IEC code
We want to update our iec code to e-iec
Kindly revert your charges and documents required
Thanks
Padam
Please contact us for IEC updation on below mail address.
innovisors@outlook.com
CA Jigar S
Due to lockdown and offices are not working need time extension for IEC updation
due to lockdwn pls extend for 1 month
we would like to inform you that we have modified the IEC on 17th March 2021 i.e. in last 365 days before June 2021 and currently there is no changes / modification required right now.
May I request you to let us know whether we still need to update our IEC before 30th June 2021.
Hii Cn you pls guide how to update the details for IEC Code and what all documents or anything required to be submitted again if there is no change in the submitted Data. Kindly provide the details asap as last date is 30 june.
Dear sir, any benefits can avail by Exporter & importer after updating the IEC Profile as per New DGFT Versions ??
Request for extention of date of validation this year due to lockdown ca offices are closed. Many of us depend on ca only for all kind if paper work.
Could any one confirm, if there is any line, where we can update the IEC?
If yes, kindly share link.
thanks + warm regards,
N.K. SATI
please advise your iec updation charges .
No IEC updation charge stipulated by DGFT
if someone have a thing to update in IEC code so some kind of charge will take
No one know what to do… It has become very difficult to do business in India. Can the ‘BABUS’ explain how they or the entrepreneur gain by updating IEC every year.
can anybody share the link for online renewal process?
What is the process of IEC updating/confirming through online
please guide us step by steps
procedure of IEC updation online
What is the need for IEC, leave alone updation in addition to GST certificate and PAN. No individual shall import or export without IEC number should be changed to free trade where anyone can import or export even from China. i think it is time for some drastic reforms. Abolish this DGFT altogether.
Sir,
Are there any charges for updating the IEC.
Hemant
9082818893
This is not in tune with ease of doing business. One more harassment for MSME. Now that you have big data (GST, PAN etc) do away with IEC altogether. IEC is a remnant of the pre GST era. Abolish it.
No statutory cost is involved for updating/confirming the details of IEC from 1st April to 30th June of every year.
Rs.200/- are the charges.
what is the effective date of this notification.
The notification shall be effective from 1st April, 2021.