The Directorate General of Foreign Trade on 14th January 2022 has provided an opportunity for IEC holders to update their IEC in this interim period till 31.01.2022, failing which the given IECs shall be de-activated from 01.02.2022.Any IEC where an online updated application has been submitted but is pending with the DGFT RA for approval shall be excluded from the de-activation list.
It may further be noted that any IEC so de-activated, would have the opportunity for automatic re-activation without any manual intervention or any visits to the DGFT RA. For IEC re-activation after 31.01.2022, the said IEC holder may navigate to the DGFT website and update their IEC online. Upon successful updation the given IEC shall be activated again and transmitted accordingly to Customs system with the updated status.
DGFT has earlier mandated all IEC holders to ensure that details in their IEC is updated electronically every year during April-June period (for which no user charges were to 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 31.07.2021 and subsequently to 31.08.2021.
