DGFT extends Modification period of IEC, Waives Fee for IEC Updation done during Aug 2021 [Read Notification]

The Director General of Foreign Trade (DGFT) notified the extension in period of modification of IEC till August 31, 2021 and waiver of fees for IEC updation done during August, 2021.

As per the existing policy an IEC holder has to ensure that details in its IEC are updated electronically every year, during April June period. However, for the current year only, this period is extended by another month i.e till 31st July, 2021.

However, the DGFT empowered under Section 3 read with Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020 revised the existing policy wherein an IEC holder has to ensure that details in its IEC is updated electronically every year, during April-June period. However, for the current year only, this period is extended by another month i.e till 31st August, 2021.

“In cases where there are no changes in IEC details the same also needs to be confirmed online,” the DGFT notified.

Further, fee to be charged for modification of IEC done during the month of August, 2021 will remain 'Nil'.

The period of modification of IEC is extended for the year 2021-22 only till August 31, 2021, and no fee shall be charged on modifications carried out in IEC during the period upto 31st August, 2021.

To Read the full text of the Order CLICK HERE

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