It was mandated by DGFT to all IEC holders to ensure that details in their IEC is updated electronically every year during April-June period (for which no user charges will be borne by the IEC holder). Based on representations received from the IEC holders who had not updated their IECs, the period of updation was extended upto 31st July 2021 and subsequently to 31st August 2021.
As per para 2.05(e) of the Foreign Trade Policy (FTP), IECs which are not yet updated shall now be de-activated. This de-activation activity is being initiated in a phased manner.
All IECs which have not been updated after 01.01.2014 shall be de-activated with effect from 06.12.2021. The list of such IECs may be seen at the given link https://www.dgft.gov.in/CP/?opt=LIEC . The concerned IEC holders are provided a final opportunity to update their IEC in this interim period till 05.12.2021, failing which the given IECs shall be de-activated from 06.12.2021. Any IEC where an online updation application has been submitted but is pending with the DGFT RA for approval shall be excluded from the de-activation list.
Any IEC so de-activated, would have the opportunity for automatic re-activation without any manual intervention or any visits to the DGFT RA. For IEC re-activation after 06.12.2021, the said IEC holder may navigate to the DGFT website and update their IEC online. Upon successful updation the given IEC shall be activated again and transmitted accordingly to Customs system with the updated status.
Regards
RMPS & Co., Chartered Accountants.
Published on: December 2, 2021