IEC

Import Export Code (IEC)- Benefits, Updation & Who can obtain

DGFT - IEC is a business identification number issued by the Director General of Foreign Trade (DGFT) to an importer or exporter. A person cannot import or export unless he is in the possession of an IEC number. Where a person import or export of any service or technology, the IEC number shall be required only when […]...

Read More

Updation/Modification in e-IEC (Import Export Code)

DGFT - The DGFT vide Notification No. 58/2015-2020, dated February 12, 2021 amended certain provisions of Chapter 1 and Chapter 2 of the Foreign Trade Policy, (2015-2020) (“FTP”), related to Import Export Code (“IEC”). As per amended provision: 1. DGFT issues IEC in electronic form (e-IEC). Application for issuance of e-IEC can be made d...

Read More

All you need to know about Surrender of IEC License

DGFT - Many times, it happens when one starts a business, fulfils all the necessary compliances, takes all the necessary registration required to start a business. But during the course of business, it happens that one needs to close a business or wind up the company or one is forced to close a particular division of the […]...

Read More

Import Export Code (IEC) – Registration & Requirements

DGFT - The Import Export Code (IEC) is one of the key business identification numbers which is mandatory for performing Exports or Imports. No person/entity shall proceed with any import or export except it gets an IEC Number issued by the Directorate General of Foreign Trade (DGFT), unless specifically exempted. Any Proprietorship, Partnership,...

Read More

Import Export Code (IEC) with FAQs

DGFT - ABOUT Import Export Code (IEC Number) Meaning of Import Export Code IEC is a 10 digit code number, which is issued by the Director General of Foreign Trade (DGFT).It is required by any person who is into import/export business in the country. Importers \merchant cannot import goods without the Import Export Code and similarly the [&hellip...

Read More

DGFT allots IEC in 73 to 977 Years in advance

DGFT - Only one Importer Exporter Code (IEC) is allowed against a single Permanent Account Number (PAN) issued by Department of Income Tax (Paragraph 2.9 of HBP). The IEC data indicates the genuineness of an exporter/ importer and determines his/her unique identity in the Trade and helps the regulatory agencies in tracking the holder in cases of...

Read More

HC directs DGFT Surat decide on removal of IEC code from denial entity list

Ambika Creation Through Proprietor Anil Gupta Vs Additional Director General (GujArat High Court) - Ambika Creation Through Proprietor Anil Gupta Vs Additional Director General (Gujrat High Court) In this case Import Export Code (IEC) of the petitioner was placed under the denied entity list, causing hardship to the petitioner by withholding the refund of IGST and other export incentives. Hon’bl...

Read More

Only DGFT Empowered to Suspend & Cancel IEC Number

Siddharth Mandavia Vs Union of India and others (Bombay High Court) - Blocking of importer exporter code of the petitioner by any authority other than the Director General of Foreign Trade or by his authorized officer under section 8 of the Foreign Trade (Development and Regulation) Act, 1992 would be unauthorized, unwarranted and without jurisdiction....

Read More

IEC modification/updation date extended up to 31.07.2021

Notification No. 11/2015-2020 - (01/07/2021) - In continuation to the DGFT notification No. 58, dated 12.02.2021, it is to inform that last date for modification/ updation of IEC has been extended up to 31.07.2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, Ne...

Read More

DGFT IEC services not available from 01st June to 6th June 2021

Trade Notice No. 07/2021-22 - (26/05/2021) - Following DGFT services will not be available from 1 st June 2021 to 6th June 2021: i. Application for a new IEC ii. Application for Amendments/Modification in an IEC iii. One-time linking of Aadhaar for e-sign purposes. In view of the above, all stakeholders may therefore plan their activities acco...

Read More

Provisions for modifying PAN based IEC introduced

Public Notice No34/2015-2020 - (24/12/2020) - In case of change in constitution of a PAN based IEC by way of merger, acquisition, liquidation, inheritance etc. such that PAN of the new entity so formed is different from the earlier one, an IEC can be availed against the new PAN, if not existing already. Previous IEC(s) can also be operationally...

Read More

Linking/ Registration of IECs in new revamped DGFT Online environment

Trade Notice No. 33/2020-21-DGFT - (28/10/2020) - i. The new platform is accessible through user-based IDs for applying online. All IEC holders are encouraged to create login IDs through an online registration process preferably well before the roll out of next phase of the platform in the 2-3 weeks. ii. For user ID creation, mobile number/email...

Read More

Digital Signatures no more required for IEC application

trade notice no. 23/2018-19 - (04/09/2018) - Earlier in order to obtain IEC, DSC was mandatory for submitting e-IEC application, Since there were many difficulties in order to submit application through DSC ,DGFT (Director General of Foreign Trade) vide public notice no 27 dated 08th August 2018 has removed DSC for submitting the applications ...

Read More

Recent Posts in "IEC"

Import Export Code (IEC)- Benefits, Updation & Who can obtain

IEC is a business identification number issued by the Director General of Foreign Trade (DGFT) to an importer or exporter. A person cannot import or export unless he is in the possession of an IEC number. Where a person import or export of any service or technology, the IEC number shall be required only when […]...

Read More
Posted Under: DGFT |

Updation/Modification in e-IEC (Import Export Code)

The DGFT vide Notification No. 58/2015-2020, dated February 12, 2021 amended certain provisions of Chapter 1 and Chapter 2 of the Foreign Trade Policy, (2015-2020) (“FTP”), related to Import Export Code (“IEC”). As per amended provision: 1. DGFT issues IEC in electronic form (e-IEC). Application for issuance of e-IEC can be made d...

Read More
Posted Under: DGFT |

IEC modification/updation date extended up to 31.07.2021

Notification No. 11/2015-2020 01/07/2021

In continuation to the DGFT notification No. 58, dated 12.02.2021, it is to inform that last date for modification/ updation of IEC has been extended up to 31.07.2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 New Delhi Notification ...

Read More

All you need to know about Surrender of IEC License

Many times, it happens when one starts a business, fulfils all the necessary compliances, takes all the necessary registration required to start a business. But during the course of business, it happens that one needs to close a business or wind up the company or one is forced to close a particular division of the […]...

Read More
Posted Under: DGFT |

Import Export Code (IEC) – Registration & Requirements

The Import Export Code (IEC) is one of the key business identification numbers which is mandatory for performing Exports or Imports. No person/entity shall proceed with any import or export except it gets an IEC Number issued by the Directorate General of Foreign Trade (DGFT), unless specifically exempted. Any Proprietorship, Partnership,...

Read More
Posted Under: DGFT |

Import Export Code (IEC) with FAQs

ABOUT Import Export Code (IEC Number) Meaning of Import Export Code IEC is a 10 digit code number, which is issued by the Director General of Foreign Trade (DGFT).It is required by any person who is into import/export business in the country. Importers \merchant cannot import goods without the Import Export Code and similarly the [&hellip...

Read More
Posted Under: DGFT |

DGFT IEC services not available from 01st June to 6th June 2021

Trade Notice No. 07/2021-22 26/05/2021

Following DGFT services will not be available from 1 st June 2021 to 6th June 2021: i. Application for a new IEC ii. Application for Amendments/Modification in an IEC iii. One-time linking of Aadhaar for e-sign purposes. In view of the above, all stakeholders may therefore plan their activities accordingly....

Read More

IEC Linking on DGFT Portal by 30.06.2021

All persons holding IEC code who are involved in carrying on business activities which involves cross border transactions are advised to link IEC code before 30/06/2021. IEC code is an important business identification number which is mandatory for Exports or Imports of goods. No person shall make any import or export except under an IEC ...

Read More
Posted Under: DGFT |

Why Import Export Code (IEC) in India?

Import Export Code! Have you ever encountered the term IEC on Television, Newspapers, and thinking about what it actually means? Is it Independent Electoral Commission, Indian Economic Conclave, or Import- Export Code? Then you are at the exact right place. Here a complete and basic guide about import export code is given. It would not [&...

Read More
Posted Under: DGFT |

DGFT, TCS & Certificate of Supplies from SEZ: Height of Incompetence?

When DGFT chose TCS to revamp the website/platform, I was very happy that at least for once, this combination will make the life of the exporters better. However, my happiness was shattered just by the purposeless complications in the design of the website/platform whereas the earlier DGFT website was very plain & simple. I had [&hell...

Read More
Posted Under: DGFT | ,

Browse All Categories

CA, CS, CMA (5,628)
Company Law (7,545)
Custom Duty (8,590)
DGFT (4,578)
Excise Duty (4,508)
Fema / RBI (4,770)
Finance (5,097)
Income Tax (37,941)
SEBI (4,057)
Service Tax (3,744)

Search Posts by Date

August 2021
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031