Reference to Foreign Trade Policy (FTP)
Para no. 2.05(d) An IEC holder has to ensure that details in its IEC are updated electronically every year, during April – June period. in cases where there are no changes in IEC details the same also needs to be confirmed online.
Para no. 2.05(e) An IEC shall be de-activated, if it is not updated within the prescribed time. An 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.
Para no. 2.05(I) An IEC may be also be flagged for scrutiny. IEC holder(s) are required to ensure that any risks flagged by the system is timely addressed; failing which the IEC shall be deactivated.
In view of the above provision of FTP, the Importer Exporter Code (IEC) holder shall update the details in IEC on or before June 2024.
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