The Director-General of Foreign Trade (DGFT) has issued the Trade Notice addressing AllIEC Holders or Members of Trade, DGFT Regional Authorities, and Export Promotion Councils/Commodity Boards/ other Industry Associations stating that the Importer -Exporter Code (IEC) will be deactivated if not updated after January 1, 2005, with effect from October 6, 2021.
The list of such IECs may be seen on the DGFT official website. The concerned IEC holders are provided one final opportunity to update their IEC in this interim period till 05.10.2021, failing which the given IECs shall be de-activated from 06.10.2021. Any IEC where an online updation application has been submitted but is pending with the DGFT RA for approval shall be excluded from the deactivation list.
It is noteworthy that any IEC so de-activated, would have the opportunity for automatic re-activation without any manual intervention or a physical visit to the DGFT RA. For IEC re-activation after 06.10.2021, the said IEC holder may navigate to the DGFT website and update their IEC online. Upon successful update, the given IEC shall be activated again and transmitted accordingly to the Customs system with the updated status.
“This Trade Notice is being issued in reference to the Notification No. 58/2015-2020 dated 12.02.2021, 11/2015-2020 dated 01.07.2021 and 16/2015-2020 dated 09.08.2021 whereby it was mandated by DGFT to all IEC holders to ensure that details in their IEC are 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. In continuation to the aforementioned notification and as per para 2.05(e) of the Foreign Trade Policy (FTP), IECs which are not yet updated shall now be deactivated. This de-activation activity is being initiated in a phased manner,” the trade notice added.Subscribe Taxscan AdFree to view the Judgment