To be published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii)]
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Notification No. 58/2015-2020
New Delhi, Dated: 12th February, 2021
Subject: Amendment of
Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter-2 of
Foreign Trade Policy, 2015-2020
S.O. (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:
| Existing Text | Amended Text |
| 1.11 Issue
of e-IEC (Electronic- Importer Exporter Co Exporter Code |
1.11 e-IEC (Electronic-Importer Exporter Code) |
| (a) Importer Exporter Code (IEC) is a mandat ory for export/import from/to India as detailed in paragraph 2.05 of this Policy. DGFT issues 1 mporter Exporter Code in electronic form (e-IEC). For issuance of e-IEC an application can be made on DGFT (http//:dgft.gov.in). Applica at can upload the documents and pay the requis ite 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 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 enerated by the applicant as per the procedure detailed in the Handbook of Procedure |
3. 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 ther e 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. 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. |
| 2.05(f) | (f) An EEC 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 EEC 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.
(Amit Yadav)
Director General of Foreign Trade &
Ex- officio Addl. Secretary to the Government of India
Email: dgft@nic.in
[Issued from File No 01/93/180/32/AM-19/PC-2[13]/Part-I/E-21759]