NOTIFICATION NO. 58/2020, DT. 12/02/2021
Amendment of Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020
S.O. 656(E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the IEC related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020.
2. Following paragraphs of Foreign Trade Policy, 2015-2020 are amended as below:
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Existing Text |
Amended Text |
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1.11 Issue of e-IEC (Electronic- Importer Exporter Code) |
1.11 e-IEC (Electronic-Importer Exporter Code) |
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(a) Importer Exporter Code (IEC) is a mandatory for export/import from/to India as detailed in paragraph 2.05 of this Policy. DGFT issues Importer Exporter Code in electronic form (e-IEC). For issuance of e-IEC an application can be made on DGFT (http//:dgft.gov.in). Applica nt can upload the documents and pay the requisite fee through Net banking. Applicant shall, h owever, submit the application duly signed digitally. |
Importer Exporter Code (IEC) is mandatory for export/import from/to India as detailed in paragraph 2.05 of this Policy. DGFT issues Importer Exporter Code in electronic form (e-IEC). Application for issuance of e-IEC can be made directly on the DGFT web portal (https//www. dgft.gov.in). |
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2.05 Importer-Exporter Code (IEC) |
2.05 Importer-Exporter Code (IEC)/(e-IEC) |
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(c) Application process for IEC is completely o nline and IEC can be generated by the applica nt as per the procedure detailed in the Handbo ok of Procedure |
(c) Application process for IEC and updation in IEC is completely online and IEC can be generated by the applicant as per the procedure detailed in the Handbook of Procedure |
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The following sub-paragraphs are inserted under para 2.05 of Chapter-2 of Foreign Trade Policy, 2015-2020 as under:: |
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FTP Paragraph no. |
Text added (New) |
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2.05(d) |
An IEC holder has to ensure that details in its IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details same also needs to be confirmed online. |
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2.05(e) |
An IEC shall be de-activated, if it is not updated within the prescribed time. IEC so de-activated may be activated, on its successful updation. This would however be without prejudice to any other action taken for violation of any other provisions of the FTP. |
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2.05(f) |
An IEC may be also be flagged for scrutiny. IEC holder(s) are required to that any risks flagged by the system is timely addressed; failing which the IEC shall be deactivated. |
4. The sub paras 1.11(b), 1.11(c) and 1.11(d) of Foreign Trade Policy, 2015-2020 are deleted.
Effect of this Notification: IEC related provisions in Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020 are amended/deleted and new provisions inserted.
This issues with the approval of Minister of Commerce Industry.
[Issued from File No 01/93/180/32/AM-19/PC-2[B]/Part-I/E-21759]
(Amit Yadav)
Director General of Foreign Trade &
Ex- officio Addl. Secretary to the Government of India
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