Procedure for Modification in IEC Code under DGFT

IEC certificate holders are required to update their certificates annually as per DGFT regulations, even if there are no changes under normal circumstances.

In there is change in the company’s official address, founders or directors are obligated to modify and update the new address within the IEC certificate.

The applicant can apply for IEC modification if there is any change in the company’s name.

When new partners join or existing partners move out from a certain business, it is  imperative to modify and update this information within the IEC certificate.

Documentation needed for changing IEC are the same as the ones you had wen applying for Importer Exporter Code the first time. You will need:

• Passport size photo of the applicant
• Entitiy Pan Card, self attested by the applicant (if any)
• Address proof of the entity (latest electricity bill, sale deed, rent agreement, latest landline bill, latest mobile bill), pre-printed cancelled cheque, or applicant’s bank certificate.
• For IEC modification fee, you have to pay ₹ 200 for any revision made.

The online IEC modification process is a convenient and efficient method offered by the Directorate General of Foreign Trade (DGFT) in India. Through the DGFT’s web portal, IEC holders can easily update their certificate details, such as changes in business structure, partners, contact information, or rectifying any errors. 

This streamlined online platform ensures swift processing and seamless updates, allowing businesses to maintain accurate and up-to-date information for their international trade operations. 

With user-friendly interfaces and clear instructions, the online modification process simplifies administrative tasks, enabling businesses to focus on their core activities while staying compliant with regulatory requirements.

Go to the DGFT website- https://www.dgft.gov.in/CP/ and click on the ‘Update IEC’ option.

Fill in your login details and CAPTCHA in the IEC dashboard.

Then select the option- ‘Update/modify IEC’ on the DGFT dashboard.

Once you reach the modification page, you’ll have to go through six stages in order to update your details.

Here you have to look whether there’s any change or modification you desire to make in the details. Here is the information that you will find at this stage:

• Firm name
• Nature of the firm
• PAN
• Name (as per PAN)
• Date of birth
• Mobile number
• Category of exporters
• Email adddress
• Upload proof of establishment
• Firm address details
• Branch details

Here you will be able to add or remove partner details, proprietors, directors, and managing trustees. You will have the option to add in new director or partner by filling the following details:

• Director number (DIN)
• Name
• PAN
• Date of birth

If you opened or closed your account the previous financial year, you can update and alter your bank account details here.

You have the option to modify information regarding your chosen sector of operation. If you are involved in exporting goods, select the appropriate product category that aligns with your exports.

Go through the declaration, mark the checkbox to confirm the accuracy of the provided information, and proceed accordingly.

After completing all the stages, here you can preview your IEC application.

The Importer Exporter Code (IEC) provides significant advantages for both importers and exporters. Registered businesses can access subsidies and other benefits as stipulated by customs, export promotion councils, and relevant authorities. 

Exporters who file an LUT under GST can export without tax payment. Alternatively, if taxes are paid on exports, exporters can apply for a refund of the tax amount. Thus,IEC has numerous benefits for exporters and importers.