Import-Export Code not updated after 2005 to be de-activated from October 6: DGFT

To be aware of the actual number of traders in the country, the Commerce Ministry announced deactivation of all importer-exporter codes (IECs) that have not been updated after January 2005 with effect from October 6 this year. The Importer -Exporter Code (IEC) is a key business identification number that is mandatory for exports or imports. Without the IEC number granted by the DGFT, no individual shall make any import or export.
On August 8 this year, the Directorate General of Foreign Trade (DGFT) was mandated all IEC holders to ensure that details in their IEC are updated electronically every year during the April-June period. “All IECs which have not been updated after January 1, 2005, shall be deactivated with effect from October 6, 2021,” according to a trade notice of the DGFT.