
Update / confirm your IEC every year to avoid deactivation.
Notification No. 58/2015-2020 Dated. 12th February, 2021
In exercise of the 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
2. 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 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 |
Importer Exporter Code (IEC) is mandatory for export/importer 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 Handbook 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 |
3. 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. An 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 ensure 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.