DGFT mandate to IEC holders to update IEC yearly between Apr- Jun

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To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section (II)

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No.5 # /2015-2020 New Delhi, Dated: /2“February, 2021

Subject: Amendment of Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020

S.0.(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.

|2.|FollowingparagraphsofForeignTrade Policy,|2015-2020 are amended asbelow:|
|---|---|---|
|Se<br>eae ee<br>eee<br>1.11 Issue of e-IEC (Electronic- Importer<br>1.11 e-IEC (Electronic-Importer Exporter Co|||
||ExporterCode)|de)|
||(a) Importer ExporterCode(IEC) is a mandat<br>ory forexport/import from/to Indiaasdetailed i<br>n paragraph 2.05 ofthis Policy. DGFT issues |<br>mporter<br>ExporterCode in electronic form (e-<br>IEC). For issuance ofe-IEC an application can<br>be made on DGFT (http//:dgft.gov.in). Applica<br>ntcan upload the documents andpaythe requis<br>ite fee through Net banking. Applicant shall, h<br>owever, submitthe application|Importer ExporterCode<br>(IEC) is mandatory forexport/<br>importfrom/to India asdetailed<br>in paragraph 2.05 ofthis<br>Policy. DGFT issues Importer<br>Exporter Code in electronic form<br>(e-IEC).

on|Importer ExporterCode<br>(IEC) is mandatory forexport/<br>importfrom/to India asdetailed<br>in paragraph 2.05 ofthis<br>Policy. DGFT issues Importer<br>Exporter Code in electronic form<br>(e-IEC). Application for issuance of<br>e-IEC can bemade directly onthe<br>DGFT web portal|
||duly signed digitally.|(https//www. dgft.gov.in).|
|2.05 Importer-ExporterCode (IEC)||2.05 Importer-Exporter Code (IEC)/(e-ITEC)|
||(c) Application process forIEC is completely o<br>nline and IEC can be generated by the applica<br>nt as per the procedure detailed in the Handbo<br>okofProcedure|(c) Application process for IEC and<br>updation in IEC is completely<br>online and IEC can be generated by<br>the applicant as per the<br>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::

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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 ther e 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.]

ibed 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.

eee BN \2zlo2\r 02). (Amit Yaday)

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]