#CustomsRequirements
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What are the renewal and validity of Import Export code?
Unlike other government licenses, the Import Export Code (IEC) does not expire. However, due to amendments to the provisions related to the IEC under Chapters 1 and 2 of the Foreign Trade Policy on February 12, 2021, the IEC must now be renewed annually. This amendment mandates that all IEC or e-IEC holders update their IEC details on the DGFT portal every year. Even if there are no changes to the IEC, this must still be confirmed online.
#ImportExportCode#IEC#InternationalTrade#GlobalBusiness#ExportImport#TradeCompliance#ForeignTradePolicy#DGFT#BusinessExpansion#TradeFacilitation#CustomsRequirements#EFT#ADCode#ICEGATE#TradeLicensing
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