DGFT notifies amendments to policies and procedure for filling online application for Importer Exporter Code and modification thereof

DGFT notifies amendments to policies and procedure for filling online application for Importer Exporter Code and modification thereof

August 9, 2018 EXIM, Industries, states 0

Directorate General of Foreign Trade (DGFT) has issued a Notification No. 24/2015-20 , Public Notice 27/2015-20 and Trade Notice No. 23/2018-19 dated 8th August, 2018 to notify the amended policy and procedure for filling the online application for Importer Exporter Code (IEC) and modification of IEC/e-IEC.

Key amendments made in the procedure are:

  1. The applicants are no longer required to submit copy of PAN as mandatory documents for making application of IEC
  2. The online application for IEC will require only address proof and cancelled cheque bearing the entity’s pre-printed name or  bank certificate to be submitted electronically w.e.f 9th August, 2018
  3. Digital Signature shall no longer be required for making applications for IEC or for any amendments to be made in existing IEC w.e.f 9th August, 2018
  4. On submission of the complete applications with fees and requisite documents, IEC will be auto-generated
  5. The intimation regarding the allotment of IEC will be sent to the applicant through SMS or email, with hyperlink to download the e-IEC
  6. The applicants shall be liable for penal/ criminal actions in case of furnishing any wrong/incomplete information’s and IEC may be suspended or cancelled in such cases
  7. The IEC holder is required to update his profile immediately after issuances of IEC or as and when the changes takes place or in case at least once in a year
  8. The guidelines on the online application forms for issue/ modification in IEC number along with list of documents for seeking modification in e-IEC has been prescribed
  9. The Para 2.05 of the Foreign Trade Policy 2015-20 and Para 2.08 of the Handbook of Procedures 2015-20 has been accordingly amended to give effect to the aforesaid.

Source: Directorate General of Foreign Trade

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