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IEC holders to update their Importer Exporter Code (IEC) annually

Directorate General of Foreign Trade (DGFT) had issued Notification No. 58/2015-20 dated 12th February 2021, whereby they have amended the Importer Exporter Code (IEC) related provisions under the Chapter 1 and Chapter 2 of Foreign Trade Policy 2015-20.

As per the amended provisions, Importer Exporter Code (IEC) is mandatory for export from India and Import to India as detailed in Paragraph 2.05 of this Policy.

directorate general of foreign trade dgft

Directorate General of Foreign Trade (DGFT) will be issuing authority of Importer Exporter Code in electronic form (e-IEC).

Applicant can apply directly online through the DGFT portal for Issuance of e-IEC.

DGFT login

Under Para 2.05 e-IEC has been inserted along with the earlier mentioned Importer Exporter Code (IEC)

Further, under Para 2.05 – sub-paragraphs, as stated under, are inserted under Chapter 2 of Foreign Trade Policy 2015-20:

2.05(d)Every IEC holder(s) has to ensure that details pertaining to their IEC is updated electronically annually during the April to June period even if there is no change in the IEC particulars, the IEC Holder has to confirm the same.
2.05 eIn case the IEC holder(s) has not updated the required information online, the IEC stand de-activated. However, upon successful updation of the IEC it will re-activated.
2.05 (f)An IEC may also be flagged for scrutiny i.e. the IEC holders(s) are now required to ensure that any risks flagged by the system are very well addressed by the holder and well in time, failing which the IEC shall be deactivated.

Directorate General of Foreign Trade (DGFT) has mandated for the IEC holder to update their Importer Exporter Code (IEC) annually even if there is no change in the allotted IEC. The process of updating the existing/ allotted IEC is completely online.

advanced authorization MEIS IEC EPCG SEIS import Export Authorization

Applicant can generate their IEC as per the procedure laid down in the Handbook of the procedure.

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