In the dynamic world of international trade, exporters must ensure that their records are accurate, up to date, and compliant with government regulations. One such critical document is the Import Export Code (IEC), issued by the Directorate General of Foreign Trade (DGFT). If any changes occur in the business details submitted during the initial IEC registration, it becomes essential to amend or modify the IEC to reflect the updated information.
This blog provides a step-by-step guide for Indian exporters to modify their IEC online, along with important compliance tips and a direct link to professional assistance through Our Tax Partner’s IEC Services.
What is an Import Export Code (IEC)?
IEC is a 10-digit unique identification number issued by DGFT. It is mandatory for any business or individual involved in import or export activities in India. Without a valid IEC, customs clearance, bank remittances, and participation in global trade are not possible.
Why Should You Modify or Update Your IEC?
There are several reasons an exporter might need to amend or modify their IEC:
- Change in the legal name of the business
- Change in address of the business premises
- Modification of PAN-based entity structure
- Addition or removal of directors/partners
- Change in contact details such as mobile number or email ID
- Change in bank details linked to the IEC
Failure to update the IEC can lead to issues in customs processing, rejections from DGFT, and non-compliance penalties.
Step-by-Step Guide to Modify Your IEC
Step 1: Visit the DGFT Portal
Go to the official DGFT website: https://dgft.gov.in/. Ensure you have a valid login ID. If not, you’ll need to register using your PAN and business details.
Step 2: Login to Your Account
Use your credentials to log into the DGFT portal. Navigate to the ‘Services’ section and click on ‘IEC Profile Management’.
Step 3: Select ‘Modify IEC’
Click on the option to ‘Modify IEC’. You’ll be redirected to your existing IEC application with editable fields.
Step 4: Make the Necessary Changes
Edit the specific sections that require an update. This could include your address, director details, contact number, or bank details. Ensure the new information matches with other government-issued documents (like GST, PAN, etc.).
Step 5: Upload Supporting Documents
Upload scanned copies of the supporting documents for each change. For example:
- Address proof – electricity bill, rent agreement, etc.
- Board resolution in case of change in directors
- Bank certificate or canceled cheque for bank detail update
Step 6: Verify and Sign Using DSC or Aadhaar
You can choose to sign the application using a Digital Signature Certificate (DSC) or Aadhaar e-sign based on the type of entity. For companies and LLPs, DSC is mandatory.
Step 7: Submit the Application
Once signed, submit the modification request. A reference number will be generated for tracking purposes. Usually, the modified IEC certificate is issued within 1-3 business days.
Important Notes for Exporters
- Ensure that all submitted information is consistent with records in PAN, GST, and bank accounts.
- Keep a copy of the application and acknowledgment for future reference.
- DGFT does not charge a fee for IEC modification, but third-party service providers may levy a nominal service charge.
Common Issues Faced During IEC Modification
- Mismatch between PAN and name
- Invalid bank account details
- Incomplete documentation upload
- Failure to use the correct class of DSC for signing
If you’re unsure how to proceed or want expert assistance to avoid delays, it’s advisable to take help from professionals.
Need Help with IEC Amendment? We’re Here for You
At Our Tax Partner, we specialize in import-export regulatory compliance, including IEC registration and modification. Our experts assist you with:
- Quick document verification
- Error-free application filing
- Digital signature generation
- Timely follow-up until the modified IEC is issued
Learn more or request support here: www.ourtaxpartner.com/registration-service/import-export-code/
Conclusion
Keeping your IEC details updated is not only a legal requirement but also essential for the smooth functioning of your export-import operations. Whether you’re making minor updates or restructuring your business, timely modification of the IEC ensures that you remain compliant with the DGFT and customs regulations.
For seamless and error-free IEC modification, trust the experienced team at Our Tax Partner. Contact us today and keep your export business legally compliant and globally connected.
