No Fee to be charged on application for updation of IEC: DGFT

No fee - application for updation - IEC DGFT - taxscan

The Directorate General of Foreign Trade (DGFT) notified that no fee shall be charged on the application for updation of IEC between April-June of each year.

In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade inserted a new provision under S.No. 6 of Para 1 Appendix 2K (Scale of Application Fee and procedure for Deposit/Refund of Application Fee/Penalty etc) of Foreign Trade Policy, 2015-­2020.

As per serial no. 6(A) there will be a NIL scale of fee for annual Updation of IEC during the period April to June as per Para 2.05 of HBP.

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