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Keeping the import export code (IEC) updated with the latest details is crucial for businesses to continue reaping the benefits of international trade. Any changes in the company's details, such as relocation, alteration in the ownership structure, or updates in the director's information, must be updated immediately. Delaying this critical step can lead to severe consequences, such as mismatched details during the verification process at the DGFT portal. As businesses expand and engage in more deals, this negligence can jeopardize their reputation and profitability.
Fortunately, modifying IEC details is a hassle-free process with Law Samadhan. Don't let complacency derail your international trade success - stay vigilant, stay updated, and thrive in the global marketplace.
The updated copy of all document as per the type of company is to be submitted
Sole proprietor-
• PAN card of proprietor
• Aadhaar card of proprietor
• Proof of place of business-
If rented- electricity bill and rent deed
If rented- electricity bill and rent deed
• Cancelled cheque (if required)
Partnership firm –
• PAN card of partnership firm
• Partnership deed
• PAN and Aadhar card of all the partners
• Address proof of place of business
If owned – sale deed and electricity bill
If rented – rent agreement and electricity bill
• Cancelled cheque of the partnership firm
Private limited or LLP –
• PAN card of company
• Incorporation certificate of company
• Aadhar card and PAN card of all director
• Cancelled cheque of company
• Address proof of place of business
If owned – sale deed and electricity bill
If rented – rent agreement and electricity bill
*Passport size photograph of proprietor/directors/partners of the company
Import Export Modification
Reasons for modifying an Import Export Code (IEC) may include changes in business details, address, ownership, or other relevant information.
The processing time for modifying an Import Export Code (IEC) may vary depending on the completeness of the application and the volume of applications being processed by the DGFT. It generally takes around 15-30 days to process the application.
Yes, you can make changes to the type of business or nature of activities mentioned in your IEC by submitting the relevant application form along with necessary documents to the DGFT office.
Yes, you can change the bank account details in your IEC by submitting the relevant application form along with necessary documents such as bank certificate or first page of bank account passbook to the DGFT office.
If you have lost your Import Export Code (IEC), you will need to apply for a duplicate IEC. You will need to fill out the necessary application form and submit it along with any required supporting documents to the DGFT office.
There are no specific restrictions on the frequency of modifying an Import Export Code (IEC), but it is important to ensure that your IEC is up-to-date and accurate at all times.