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Home» Circulars» Dgft: Amendment Of Importer Exporter Code Iec Related Provisions Under Chapter 1 And Chapter 2 Of Foreign Trade Policy 2015 2020

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DGFT:- Amendment of Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020
 

 


 

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EPC/LIC/DGFT/IEC Date: 15-02-2021

Amendment of Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020

And Lists of Peruvian importers in various Chemical productsDistributor of Chemical Products in Peru looking for opportunities to source various chemicals from India 
And Lists of Peruvian importers in various Chemical products
 
To
All Members of the Counci
 
 

ALL THE MEMBERS OF THE COUNCIL

Dear Members,

 

The O/o Directorate General of Foreign Trade, New Delhi has issued   Notification No. 58/2015-2020 dated 12th  February, 2021 regarding  Amendment of Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020.

 

As an 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.  Further, it is provided that 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.  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. 

 

As per the notification, following paragraphs of Foreign Trade Policy, 2015-2020 are amended as below:

 

Existing Text

Amended Text

1.11 Issue of e-IEC (Electronic- Importer Exporter Code)

1.11 e-IEC (Electronic-Importer Exporter Code)

(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).

Applicant can upload the documents and pay the requisite fee through Net banking. Applicant shall, however, 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).

2.05 Importer-Exporter Code (IEC)

2.05 Importer-Exporter Code (IEC)/(e-IEC)

(c) Application process for IEC is completely online and IEC can be generated by the applicant as per the procedure detailed in the Handbook 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

 

The following sub-paragraphs are inserted under para 2.05 of Chapter-2 of Foreign Trade Policy, 2015-2020 as under:

FTP

Paragraph no.

Text added (New)

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.

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.

2.05(f)

 

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.

 

  1. The subparas1.11(b), 1.11(c) and 1.11(d) of Foreign Trade Policy, 2015-2020 are deleted.

 

Members are requested to take note of above IEC related amendments and do the needful accordingly to avoid any issues. The said DGFT  Notification is available for reference  on below link-

https://content.dgft.gov.in/Website/dgftprod/74893b60-2434-4b7c-b90d-ee9fe0eb7320/Notification%2058%20Date%2012-02-2021%20English.pdf

 

Feed-backs if any, may also be sent  on e-mail id’s:  deepak.gupta@chemexcil.gov.inpwdd@chemexcil.gov.in  &    info@chemexcil.gov.in .

 

Thanking you.    

 

Yours Faithfully,    

 

   

Deepak Gupta

Acting Executive Director

CHEMEXCIL

 
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