Import Export Code Original price was: 3,299.00 ₹.Current price is: 2,599.00 ₹.
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IEC

Benefits of IEC Modification

  1. Compliance: Ensures adherence to import-export regulations, preventing penalties.
  2. Accuracy: Keeps business information up-to-date, reducing errors in transactions.
  3. Business Continuity: Helps maintain the validity of the Import Export Code, avoiding cancellation.
  4. Credibility: Enhances the reliability of the business by reflecting current details.
  5. Facilitates Trade: Streamlines customs and banking processes by providing accurate documentation.

Original price was: 4,299.00 ₹.Current price is: 2,999.00 ₹.

Required Documents
  1. IEC Certificate: The original Import Export Code certificate.
  2. Documentary Proof of Changes: Relevant documents supporting the changes being made (e.g., partnership deed, registration certificate).
  3. Description of Modification: A brief explanation of the modifications being requested.

 

Services

Change in Directors

Description

IEC modification refers to any changes or alterations in the business details associated with the Import Export Code (IEC) Certificate. It is essential to promptly update these modifications by submitting an IEC modification application online to the Directorate General of Foreign Trade (DGFT).

Consequences of Timely Modification

Failure to notify DGFT about changes in business information can lead to the cancellation of the Import Export Code. In some instances, it may also result in financial penalties.

Types of IEC Modification

  1. Voluntary Modification:
    If any errors are found in the IEC or if there is a need for a change in the Import-Export Code, the modification should be carried out immediately to ensure accuracy.
  2. Statutory Modification:
    As per import-export regulations, individuals are required to undertake IEC modifications online at least once a year under normal circumstances.

Specific Modifications

  • Change of Business Address:
    If a business’s address changes, it must be promptly updated through the online IEC modification process.
  • Change of Company Name:
    Any alterations to the name of the business or firm should be reported and updated in the IEC records.
  • Addition/Deletion of a Partner or Director:
    In cases where there is an addition or removal of a PAN associated with the business, or a change in the partnership or directorship, these details must be updated accordingly.

Requirements for IEC Modification

To initiate an IEC modification, the following prerequisites are necessary:

  • PAN: The Permanent Account Number of the individual or business for which the IEC was issued.
  • Valid Email ID: A working email address for communication.
  • Mobile Number: A contact number for notifications and updates.

How to Get IEC Modification Done

  1. Provide Required Information: Submit the necessary business details and information on our web portal.
  2. Consult with Advisors: Discuss with our business advisors regarding the modification process.
  3. Choose a Package: Select a suitable package and make the payment using various available online methods.
  4. Application Preparation: Our professionals will prepare the modification application and submit it on the DGFT portal.
  5. Acknowledgment: After submitting the application, an acknowledgment for the IEC modification will be provided.
  6. Receive Fresh IEC Certificate: Upon successful verification, a new IEC certificate will be issued.