Change in Import Export Code

Documents Required for IEC Registration

The following documents are required for IEC registration:

• PAN card copy of the applicant entity
• Address proof of the company(Electricity Bill)
• Lease/Rental Agreement if the office is rented
• Cancelled cheque copy of company’s current bank account
• Sale deed if the company is self-owned
• Digital Photograph(3*3)
• IEC certificate

IEC code renewal Fees

The Docs uncle fees of renewing or updating IEC code is Rs. 999.

Importance of IEC License Renewal

Effective from February 12, 2021, the Central Government has mandated the renewal or updating of Import Export Code details on the DGFT portal. It is now obligatory for all IEC License holders to update their IEC Code status annually during the April-June period. Even if there are no changes in details, the information must be updated online. Failure to update the IEC annually will render the registered AD code invalid.

Therefore, to ensure the legal and smooth operation of your import-export business, timely renewal of your IEC code is imperative.

These amendments to the Importer Exporter Code provisions are instituted under Chapters 1 and 2 of the Foreign Trade Policy, 2015-2020.

Consequences of Non-Renewal of IEC code

Importers and Exporters having IEC Code or license needs to ensure timely renewal, as an expired Importer Exporter Code is treated the same as not having any IEC code. If you continue to run an import export business without timely renewal, your IEC code will be deactivated by DGFT. It may result in unnecessary hustle as the IEC code is required during customs, shipping and international trade. So, it is best advised to renew and update the IEC code in due time to avoid cancellation or deactivation of your code.