DGFT clarifies that IEC holder or applicant carry out the modification in the application by paying usual modification fee

Apr 16, 2019 | by Avantis RegTech Legal Research Team

The Directorate General of Foreign Trade (DGFT) on April 15, 2019, has clarified to the Import Export Code (IEC) holder or applicant that modification on IEC application is to be carried out by paying usual modification fee.

DGFT vide Trade Notice No. 39/2018-19 dated December 12, 2018 has laid down a mechanism for verification of documents for online IEC application. As per the Trade Notice only two documents are required for filing online application for IEC. These documents are (i) address proof and (ii) cancelled cheque or Bank Certificate.

In case the Regional Authority (RA) observes that there is any variance in the records vis-à-vis the details in IEC, RA will ask the applicant or send an email to the applicant entity at the registered email ID and ask them to rectify the deficiencies or variance noticed in the application or records within 15 days from the date of communication, failing which the RA may suspend the IEC.

It may be clarified to the IEC holder or applicant that modification is to be carried out by paying usual modification fee.

[Trade Notice No. 05/2019-20]


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