Circular No. ES/19/2021-22 14th April, 2021
To: Members of the Council
Sub: Instructions on mandatory updation of IECs yearly between April– June
We would like to inform you that the Council has received a communication from Shri Md. Moin Afaque, Deputy DGFT, O/o DGFT, New Delhi regarding the instructions on mandatory updation of IECs. In this regard, your kind attention is invited to DGFT’s Notification No. 58/2015-2020 dated 12th February, 2021 whereby all IEC holders have been advised to update their Importer-Exporter Code (IEC) yearly between April to June.
Members make kindly make a note of the following:
The given process is automatic and no fees are charged for such updations.
The online process can be completed within 5-10 minutes if all details are correct or within 30 minutes otherwise. Due care has been taken by O/o DGFT to not add any specific compliance burden on IEC holders.
IECs not updated within this prescribed period would be de-activated (post June). Subsequently, firms who wish to re-activate their IEC (post de-activation for non-compliance), would be required to update the IEC. IEC shall be auto re-activated on updation after June.
The objective of the given exercise is to prune out inactive IECs and incorrect IEC details.
A video has been published on the DGFT Youtube Channel at the given link: (https://www.youtube.com/watch?v=B5zrx5k8QC4) to provide easy step-by-step reference for all IEC holders concerned.
Members are requested to kindly follow the steps mentioned in the video for easy guidance on updating the IEC details through the automatic DGFT online process within the prescribed time.