IEC - New Compliance

Attention to IEC Holders, New Mandatory Compliances

What is an IEC or e-IEC? The Importer Exporter Code (IEC) or Electronic Importer Exporter Code (e-IEC) is a key business identification number issued by the Director General of Foreign Trade (”Facilitator” of Exports/Imports), which is mandatory for undertaking any export/import activities from/to India. Existing Procedure for Updation : Prior to this notification, IEC Holder…

Relief Measures for Importer & Exporters for COVID-19 outbreak

COVID-19 outbreak Relief Measures for Importers & Exporters

Directorate General of Foreign Trade – Relief Measures for Importer & Exporters for COVID-19 outbreak Act: Foreign Trade (Development & Regulation) Act, 1992   The present Foreign Trade Policy which came into force on 1st April 2015, is originally for 5 years and has validity only up to 31st March 2020. In view of the…