Good News for Importers and Exporters as DGFT Extended Last Date for IEC Updation/ Modification. However, the extended last date is for a limited time only. Furthermore, DGFT has also given a fee waiver for IEC updation.In this article we will discuss in detail about DGFT Extended Last Date for IEC Updation/Modification.
DGFT Extended Last Date for IEC Updation/Modification
DGFT has granted further extension in period of modification of IEC till 31.08.2021 and waiver of fees for IEC updation during August,2021. This was notified by DGFT by an Online Notification.
As we all know, All IEC holders must ensure that details in its IEC are updated electronically every year, during the April – June period.
However, for the current year only, this period is extended by another month i.e. till August 31, 2021.
In cases where there are no changes in IEC details the same also needs to be confirmed online. Further, fee to be charged for modification of IEC done during the month of August, 2021 will remain ‘Nil”.
In simple words, Period of modification of IEC is extended for the year 2021-22 only till 31.08.2021, and no fee shall be charged on modifications carried out in IEC during the period up to August 31, 2021.
Important Note: Businesses having IEC Code shall update the same before 31st August to avoid the last-minute rush.
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