The Directorate General of Foreign Trade vide its notification dated 19th November 2021 has stated that all IECs which have not been updated after 01.01.2014 shall be de-activated with effect from 6th December 2021. The concerned IEC holders are provided a final opportunity to update their IEC in this interim period till 05.12.2021, failing which the given IECs shall be de-activated from 06.12.2021.
However, Any IEC where an online updation application has been submitted but is pending with the DGFT Regional authorities (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 06.12.2021, 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 in its earlier notification 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 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 August 2021 and now subsequently to 6th December 2021.
