• CCI AD FROM 5th April 2021

DGFT amends Importer-Exporter Code (IEC) related provisions under Chapters 1 and 2 of FTP 2015-2020

Circular No. ES/430/2020-21                                                            15th February, 2021                                                                                               

To: Members of the Council       

Sub:  DGFT amends Importer-Exporter Code (IEC) related provisions under Chapters 1 and 2 of FTP 2015-2020

Dear Member,

O/o DGFT has issued Notification No. 58/2015-20 dated 12th February, 2021 by making amendments in Importer-Exporter Code (IEC) related provisions under Chapter 1 (Legal Framework and Trade Facilitation) and Chapter 2 (General Provisions Regarding Imports and Exports) of Foreign Trade Policy 2015-2020.

Following paragraphs of FTP 2015-2020 are amended as below-

Existing Text

Amended Text

Chapter - 1

1.11   Issue of e-IEC (Electronic- Importer  

          Exporter Code)

1.11  e-IEC (Electronic-Importer Exporter

         Code)

(a)  Importer Exporter Code (IEC) is mandatory for export/import from/to India as detailed in paragraph 2.05 of this Policy. DGFT issues 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 duly signed digitally.

Importer Exporter Code (IEC) is mandatory for export/import 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).

Chapter - 2

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.

Following sub-paragraphs are inserted under Para 2.05 (Importer-Exporter Code (IEC)) of Chapter-2 in FTP 2015-2020 as under: 

FTP Para 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.

 

Please note that the sub paras 1.11(b), (c) and (d) of FTP 2015-2020 are deleted.

Members may kindly make a note of the above.

Thanking you,  

Yours faithfully,

S. BALARAJU 
EXECUTIVE DIRECTOR