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DGFT Hand Book of Procedures HB Vol.1 ( upto 31/03/2002) Para 4.11

4.11 If an IEC holder does not wish to operate the allotted IEC number, he may surrender the same by informing the issuing authority. On receipt of such intimation, the issuing authority shall immediately inform all the RBI/Customs/Licensing authorities that the said IEC number has become inoperative.

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