IEC Renewal
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Online IEC Code Renewal Process:
IEC (Import Export Code) renewal is mandatory on an annual basis, and it must be completed during the April-June period. Failure to renew may result in the deactivation of the IEC license. Amendments made on February 12, 2021, to the Import Export regulations under chapters 1 and 2 of the Foreign Trade Policy made it mandatory to update IEC code details annually on the DGFT portal.
IEC Code Renewal Process:
Access the DGFT (Directorate General of Foreign Trade) portal.
Navigate to the IEC code renewal section.
Fill out the renewal application form with accurate details.
Submit the form along with the required documents.
Import Export Code Renewal Fees:
Check the DGFT website for the specific fees associated with IEC renewal.
Fees may vary based on the type of entity and scale of the business.
Importance of IEC License Renewal:
Ensures the continued validity and legality of the IEC for international trade.
Compliance with the amendments to the Foreign Trade Policy.
Prevents deactivation and disruption of international trade activities.
DGFT Notification for Import Export Code Renewal:
Keep track of notifications and circulars issued by DGFT regarding IEC renewal.
Stay informed about any changes in renewal procedures and requirements.
IEC renewal is a crucial process to maintain the validity of the Import Export Code and comply with the regulatory framework. Businesses engaged in international trade should prioritize timely renewal to avoid any disruptions. It is recommended to refer to the official DGFT guidelines and notifications for the most accurate and updated information regarding the IEC renewal process.
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Required Document List
- IEC certificate copy
- PAN card of the company or proprietor
- Aadhaar card of the company or proprietor
- Bank account details
- Proof of company address (e.g., utility bill)
- Digital Signature Certificate (DSC) or Aadhaar card for online signatures
- Additional documents if updating any registered information (e.g., new bank account statement for address change)
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