UPDATE ON IMPORT EXPORT CODE (IEC) – Eshwars
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UPDATE ON IMPORT EXPORT CODE (IEC)

Authored by Praveen & Adit

Import Export Code (IEC) Import Export Code (IEC) is mandatory for export/import from/to India.

DGFT issues Import Export Code in electronic form (e-IEC).

Amendment: 1. An IEC holder has to ensure that details in its IEC are updated / confirmed (if there are no changes) electronically every year, between April and June.

Failure to update / confirm the details results in deactivation of IEC and can be reactivated only upon successful updation of the same.

2.  An IEC may also be flagged for scrutiny.  IEC holders are required to ensure that any risk flagged by the system is addressed within the stipulated time, failing which the IEC shall be de-activated.

Timeline: Every year between 1st April and 30th June.
Date of Notification: 12th February 2021

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