Executive Summary:
This public notice from the Directorate General of Foreign Trade announces the operationalization of online modifications for both electronic and physical Importer Exporter Codes (IECs), effective September 21, 2015. This change follows previous notifications regarding the new online application format and the initial operationalization of online IEC applications. A fee of Rs. 200 is required for all modifications, payable online.
Key Points / Main Content:
Online Modification of IECs:
* Modifications to both electronic IECs (eIECs) and physical IECs are now exclusively online.
Procedure for Modification:
* Applicants can modify their IECs by visiting dgft.nic.in, clicking on "Importer Exporter Code (IEC)" under "Quick Links," and selecting "Modify your IEC."
Fees:
* The fee for IEC modification is Rs. 200.
* Payment must be made online via net banking or credit/debit cards.
Effective Date:
* The online modification process is effective from September 21, 2015.
Impact Analysis:
Applicants Seeking IEC Modification:
* Impact: Must use the online portal for all IEC modifications and pay the required fee.
* Action Required: Access the DGFT website, navigate to the IEC modification section, and complete the online modification process with the applicable fee payment.
Key Entities Referenced
Foreign Trade Policy 2009-2014: A trade policy document under which powers are conferred to the Director General of Foreign Trade.
Director General of Foreign Trade: The authority that notifies the operationalization of modification in eIECs and IECs issued in physical format.
eIECs: Electronic Importer Exporter Codes, which can now be modified online.
IECs: Importer Exporter Codes issued in physical format, which can now be modified online.
Public Notice No. 76 dated 27.11.2014: A public notice that notified the new format of the online application form for issue/modification in IEC.
Public Notice No. 83 dated 30.01.2015: A public notice that operationalized online application for IEC.
New Delhi: Location of publication of the Gazette notification.
September 21, 2015: The date from which modification in eIECs and physical IECs can be carried out online.