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August 10, 2021

Last date for Updation of IEC is extended till 31 Aug 2021

by CA Shivam Jaiswal in GST

Last date for Updation of IEC is extended till 31 Aug 2021

An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted.

It is provided that An IEC holder has to ensure that details in its IEC are updated electronically every year. In cases where there are no changes in IEC details the same also needs to be confirmed. online  Period of modification of IEC is extended for the year 2021-22 only till 31.08.2021, and no fee shall be charged on modifications carried out in IEC during the period upto 31st August, 2021.

Read below Notification

To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section (II)

Government of India

Ministry of Commerce & Industry

Department of Commerce

Directorate General of Foreign Trade

Notification No.16 /2015-2020 
New Delhi, Dated: 9th August, 2021

Subject: Extension in period of modification of IEC till 31.08.2021 and waiver of fees for IEC updation done during August, 2021— reg.

S. O. (E): In exercise of powers conferred by 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, as amended from time to time, the Central Government hereby amends the provision in Para 2.05(d) of Chapter-2 of Foreign Trade Policy, 2015-2020 as under:

Para No.Existing ProvisionRevised Provision
2.05 (d)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 tilt 31st July, 2021. In cases where there are no changes in IEC details same also needs to be confirmed online.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 same also needs to be confirmed online.

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

3. Effect of this Notification: Period of modification of IEC is extended for the year 2021-22 only till 31.08.2021, and no fee shall be charged on modifications carried out in IEC during the period upto 31st August, 2021.

This issues with the approval of Minister of Commerce & Industry.

(Amit Yadav)
Director General of Foreign Trade&
Ex- officio Addl. Secretary to the Government of India

(File No.01/93/180/05/AM-12/PC-2[13]/Part-III/E-1765)

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