DGFT to De-activate of IECs if not updated after July 01, 2020

DGFT to De-activate of IECs if not updated after July 01, 2020

The Directorate General of Foreign Trade (DGFT) issued a notice in respect of deactivation of IECs if not updated after July 01, 2020.

The notice is issued to all the IEC Holders/Members of Trade, DGFT Regional Authorities and Export Promotion Councils or Commodity Boards or other Industry Associations.

By drawing reference to the notification No. 58/2015-2020 dated 12.02.2021, 11/2015- 2020 dated 01.07.2021, 16/2015-2020 dated 09.08.2021, the trade notice read that, it was mandated by DGFT to all IEC holders to ensure that details in their IEC is updated electronically every year during April-June period (for which no user charges were to be borne by the IEC holder). Based on representations received from the IEC holders who had not updated their IECs, the period of updation was extended upto 31.07.2021 and subsequently to 31.08.2021. Due intimations were also provided vide Trade Notice 18/2021-2022 dated 20.09.2021 and Trade Notice 25/2021-22 dated 19.11.2021 prior to the phase-wise deactivation of the IECs not updated yet. 

The notice informed that in continuation to the aforementioned notification(s) and Trade Notice(s) and as per para 2.05(e) of the Foreign Trade Policy (FTP), the third phase of deactivation of IECs which are not yet updated is being initiated.

“All IECs which have not been updated after 01.07.2020 shall be de-activated with effect from 01.02.2022. The list of such IECs may be seen at the given link (https://www.dgft.gov.in/CP/?opt=IECDL)” the notice read. 

It is stated that the concerned IEC holders are provided an opportunity to update their IEC in this interim period till 31.01.2022, failing which the given IECs shall be de-activated from 01.02.2022. Any IEC where an online updation application has been submitted but is pending with the DGFT RA for approval shall be excluded from the deactivation list. 

Md. Moin Afaque Deputy Director General of Foreign Trade further notified that any IEC so de-activated, would have the opportunity for automatic re-activation without any manual intervention or any visits to the DGFT RA. For IEC re-activation after 31.01.2022, the said IEC holder may navigate to the DGFT website and update their IEC online. Upon successful updation the given IEC shall be activated again and transmitted accordingly to the Customs system with the updated status. 

Click Here To Read Original Notification

JurisHour is the fastest online portal for Indian legal news.

Leave a Reply

Your email address will not be published. Required fields are marked *