Import Export Code (IEC) plays a vital role in accessing international trade opportunities and allows businesses to explore profitable growth prospects. The government has prioritized export promotion, leading to various initiatives and schemes by trade and commerce authorities to bolster exports from India. With a unique Import Export Code, Indian businesses engaged in import-export trade gain direct access to these initiatives.
IEC modification refers to any amendment or change made to the business entity details in the unique Import Export Code. In the import-export trade, it is possible for an entity to undergo a change in its business address. In such cases, it is crucial to update the address in the Import Export Code promptly. Failure to do so would hinder the business from conducting global trade using outdated information.
IEC modification refers to any amendment or modification made to the business entity details in the existing Import Export Code. If a business entity engaged in import-export trade plans to change its address, the exporter must promptly modify the IEC certificate by submitting an IEC modification application.
To change the address of Import Export Code (IEC), the following complete procedure should be followed:
Access the DGFT Portal and provide necessary details such as mobile number, email address, PIN code, state, city, and PAN number of the business. Verify the information through the OTP received on the registered mobile number. Click on “IEC Modification” and enter the OTP for confirmation. A pre-filled application will be available on the next page.
Select the option to modify the address in the IEC master details. This involves updating the existing address with the new address. Choose the modification of the business entity address to the new one.
Ensure the complete filling of the modification form. Scroll down the IEC Master screen and provide all the necessary details to facilitate the completion of the IEC modification form.
After filling in all the required details in the modification form, choose the “Update” or “Edit” button. This will update all the information provided in the modification form, including the address. A message stating “Task Completed Successfully” will be displayed upon successful completion, indicating the successful change of address.
Following these steps is crucial to ensure a seamless and successful change of address in the IEC without any issues.
The documents needed for changing the address of IEC registration are as follows:
In conclusion, it is crucial for businesses engaged in import-export trade to keep their Import Export Code (IEC) updated with accurate business address information. The process of changing the address in the IEC begins with logging into the DGFT Portal and following the steps outlined in the blog, along with submitting the required documents. It is important to ensure the accuracy and completeness of the information provided during the process.