Home» Circulars» Modifications In Importer Exporter Code Iec

Dear Members,

We would like to inform you that O/o DGFT New Delhi has issued trade notice No. 6/2016 dated 23 rd May 2016  regarding modifications in Importer Exporter Code (IEC). 

You might  be aware that   a  new  version  of ANF-2A  of Appendices  at Aayat Niryat Forms (2015-20) was introduced for Issue/Modification in Importer Exporter Code.  The Provision for modification in IEC is laid down in Para 2. 14(b) of HBP (2015-20) as below:

      “An application for modification may be made for change in details like name, address, constitution, ownership in Proprietorship firms, change in nature of the firm e.g. from proprietorship to partnership etc. Change in constitution however, does not include change in Directors of Public Limited Company.”

However, we understand  that existing provisions do not allow changes in PAN.   Representations from industry to DGFT have highlighted that with change in the constitution of the  firm/change in the nature of the firm such as from Partnership to Limited Liability Partnership etc., there is a change in the PAN number and the new PAN number needs to be incorporated in the existing IEC, replacing the PAN already registered against the current IEC. Since each IEC is tagged to a particular PAN in the system, modification in PAN was not being entertained by the Regional Authorities- the prime consideration being how to transfer and seamlessly carry forward the  liabilities  of one firm, which merges into another or changes its nature and name.

Taking cognizance  of the issue, DGFT RAs shall henceforth consider applications seeking modification in IEC, involving change in  PAN, by ensuring that liabilities of the previous applicant/applicant firm are transferred to the new applicant/applicant firm whose PAN will be reflecting in the modified IEC.  RA’s must  also  share  the modified IEC, with the changed PAN incorporated in it, with all concerned authorities.

Further, it has been has  been  clarified that applications digitally signed by power of attorney holders/authorised  signatories will  also be entertained.

Members are requested to take note of the same. For further details, members may refer to  trade notice No. 6/2016 dated 23 rd May 2016.

Thanking You,

Yours faithfully,

S G Bharadi

Executive Director

Chemexcil

Encl : Trade Notice No. 06/2016 dtd. 23.5.2016