Do you Need to Renew IEC? 

Last Updated at: Feb 03, 2021
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Renew IEC
The DGFT has issued the trade notice for linking or registration of Importer Exporter Codes (IECs) in the new revamped DGFT Online environment. The authority  said that the online processes relating to the entire lifecycle of Advance Authorisation, EPCG and DFIA including their paperless Exports Obligation Discharge (EODC) shall be rolled out soon.

 

In an increasingly digitised world, the scope for import and export of goods and services has multiplied. Whether you’re a partnership firm or a company, there is a possibility of making gains from selling your key products abroad. It may also be advantageous to procure parts of your product from other countries that make them cheaper. This makes the Import Export Code an important document for all international commercial exchange of goods. In this post, we address whether you need to renew IEC code. We also answer free etc questions on updating and revoking cancellation of the import-export code.  

Renewal of IEC – Does the importer-exporter code expire?

The Import Export Code is a ten-digit number that is issued by the Director-General of Foreign Trade, Ministry of Commerce. Once the IEC application is submitted, it is granted for a lifetime. Thus, unlike most licenses, the IEC number does not expire and there is no need for renewal. 

Updating your existing IEC number – How to make changes in your IEC certificate?

Often, it may happen that your phone number or email ID linked with the existing account changes. You may also decide to edit your firm name, and change it to a name different from what displays on your IEC certificate. The name of a firm may also be changed altogether from what is initially registered with the Registrar of Companies. In all such cases, you would have to apply for a modification to your existing IEC certificate. 

GET Import-export code

The process to follow to register and update your existing IEC

Step 1 

As a new user, you would have to register on the website of the Directorate General of Foreign Trade. This can be accessed at – https://www.dgft.gov.in/CP/. For this purpose, you would need to enter your email address, mobile number, pin code, district, state and city. You would also have to choose “Importer/Exporter” in the drop-down menu on the new user creation portal. You’d need to enter the OTP received on the registered mobile number. 

For the purpose of registration, you’d need the following documents – Proof of Address of the firm, Incorporation documents, cancelled bank cheques, Aadhar details of partners or proprietor and digital signature certificates 

Step 2

After successful registration, the new details can is to apply for IEC. To do so, click on the “services” tab from the menu bar and choose “IEC”. From this, choose the “Online IEC Application” tab. 

Step 3 

Here, enter your PAN number, name, date of birth or details of incorporation as applicable. You’d also be required to enter your registered mobile number and click on “Generate OTP”. 

Step 4

At the landing page, enter the following details – Branch details (if your business has multiple branches), details of directors and partners with their residential proofs and email IDS 

Step 5 

Upload proofs of the above-mentioned documents cancelled cheque or bank certificate. Please note that the IEC application system only accepts PDF format with files up to 5 MB only. 

Step 6 

Click on the “Fee Payment” portal. You can make the requisite fee payment of ₹250 via net banking, debit or credit card. The portal will also generate a DGFT reference number which is to check the status of your IEC application. 

Step 7

Once the application is submitted after paying the fee, you can take a print of the application. At this page, you need to select the “Submit and Generate IEC Certificate” 

Step 8

For changing or renewing any part of the IEC certificate so granted, go back to Step 2 on the “Services” tab and choose “Modify IEC” from the drop-down menu. 

Step 9 

Validate your existing IEC number by entering it in the specified field and use your digital signature certificate to authenticate it. Once linked, you can choose the “Modify IEC” tab from the portal and make necessary changes.  

How to apply for “Revoke Suspension” of IEC?

The Director-General of Foreign Trade (DGFT) is to suspend the existing IEC certificate that grants to an exporter or importer. This can be for causes such as – 

  • Contravention of foreign exchange regulations 
  • Fraud in customs, excise or compliance of any law 
  • Bringing disrepute to trade relations with India 

The DGFT would do this only after sending a notice. They also provide a reasonable opportunity of being heard to the importer or exporter whose license is to get cancel or suspend. 

The Importer/Exporter can apply for revoke suspension after linking his IEC on the portal. The request is signed and submitted online. The request needs to be approved by the concerned Regional Office (RA). For revoking a cancellation of an IEC, the concerned regional office will initiate the request and the same will be sent for approval to DGFT Headquarters.

 

Do you Need to Renew IEC? 

185
The DGFT has issued the trade notice for linking or registration of Importer Exporter Codes (IECs) in the new revamped DGFT Online environment. The authority  said that the online processes relating to the entire lifecycle of Advance Authorisation, EPCG and DFIA including their paperless Exports Obligation Discharge (EODC) shall be rolled out soon.

 

In an increasingly digitised world, the scope for import and export of goods and services has multiplied. Whether you’re a partnership firm or a company, there is a possibility of making gains from selling your key products abroad. It may also be advantageous to procure parts of your product from other countries that make them cheaper. This makes the Import Export Code an important document for all international commercial exchange of goods. In this post, we address whether you need to renew IEC code. We also answer free etc questions on updating and revoking cancellation of the import-export code.  

Renewal of IEC – Does the importer-exporter code expire?

The Import Export Code is a ten-digit number that is issued by the Director-General of Foreign Trade, Ministry of Commerce. Once the IEC application is submitted, it is granted for a lifetime. Thus, unlike most licenses, the IEC number does not expire and there is no need for renewal. 

Updating your existing IEC number – How to make changes in your IEC certificate?

Often, it may happen that your phone number or email ID linked with the existing account changes. You may also decide to edit your firm name, and change it to a name different from what displays on your IEC certificate. The name of a firm may also be changed altogether from what is initially registered with the Registrar of Companies. In all such cases, you would have to apply for a modification to your existing IEC certificate. 

GET Import-export code

The process to follow to register and update your existing IEC

Step 1 

As a new user, you would have to register on the website of the Directorate General of Foreign Trade. This can be accessed at – https://www.dgft.gov.in/CP/. For this purpose, you would need to enter your email address, mobile number, pin code, district, state and city. You would also have to choose “Importer/Exporter” in the drop-down menu on the new user creation portal. You’d need to enter the OTP received on the registered mobile number. 

For the purpose of registration, you’d need the following documents – Proof of Address of the firm, Incorporation documents, cancelled bank cheques, Aadhar details of partners or proprietor and digital signature certificates 

Step 2

After successful registration, the new details can is to apply for IEC. To do so, click on the “services” tab from the menu bar and choose “IEC”. From this, choose the “Online IEC Application” tab. 

Step 3 

Here, enter your PAN number, name, date of birth or details of incorporation as applicable. You’d also be required to enter your registered mobile number and click on “Generate OTP”. 

Step 4

At the landing page, enter the following details – Branch details (if your business has multiple branches), details of directors and partners with their residential proofs and email IDS 

Step 5 

Upload proofs of the above-mentioned documents cancelled cheque or bank certificate. Please note that the IEC application system only accepts PDF format with files up to 5 MB only. 

Step 6 

Click on the “Fee Payment” portal. You can make the requisite fee payment of ₹250 via net banking, debit or credit card. The portal will also generate a DGFT reference number which is to check the status of your IEC application. 

Step 7

Once the application is submitted after paying the fee, you can take a print of the application. At this page, you need to select the “Submit and Generate IEC Certificate” 

Step 8

For changing or renewing any part of the IEC certificate so granted, go back to Step 2 on the “Services” tab and choose “Modify IEC” from the drop-down menu. 

Step 9 

Validate your existing IEC number by entering it in the specified field and use your digital signature certificate to authenticate it. Once linked, you can choose the “Modify IEC” tab from the portal and make necessary changes.  

How to apply for “Revoke Suspension” of IEC?

The Director-General of Foreign Trade (DGFT) is to suspend the existing IEC certificate that grants to an exporter or importer. This can be for causes such as – 

  • Contravention of foreign exchange regulations 
  • Fraud in customs, excise or compliance of any law 
  • Bringing disrepute to trade relations with India 

The DGFT would do this only after sending a notice. They also provide a reasonable opportunity of being heard to the importer or exporter whose license is to get cancel or suspend. 

The Importer/Exporter can apply for revoke suspension after linking his IEC on the portal. The request is signed and submitted online. The request needs to be approved by the concerned Regional Office (RA). For revoking a cancellation of an IEC, the concerned regional office will initiate the request and the same will be sent for approval to DGFT Headquarters.

 


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