Let’s start with the basic understanding of IEC.
IEC means Import Export Code.
Who needs IEC?
Every Importer or Exporter, who is willing to import or export, goods or services.
It is a license that is used in process of import or export.
Renewal of the IEC code is mandatory as per Notification No. 58 dated 12th Feb 2021. Renewal/ Update is needed to be done every year, from April to June. Non-renewal will have an impact of de-activating the IEC.
Now lets understand the process of renewal of IEC (Import Export Code)
Register at https://www.dgft.gov.in/CP/
The relevant screenshots for registering at DGFT, are illustrated below
Login at DGFT and link the IEC to the account, which is created above
for linking the existing IEC, there are two methods of authentication, i.e. DSC and Aadhar authentication.
Use one method from the above two and link the IEC
Screenshots are provided below for the step 2 process
Update the IEC
This may be done by clicking on the option “Update/Modify IEC”
And after that updating the prefilled form.
Review the filled form and sign it by using DSC or Aadhar e Sign
Download the updated IEC Certificate.
This may be done by using the tab “Print IEC”
Conclusion: Renewal of the IEC code is mandatory for all importers and exporters. It is a completely online process and in most cases, approval of application is instant.