Yes, updating the Importer Exporter Code (IEC) is mandatory as per the Directorate General of Foreign Trade (DGFT). All IEC holders—whether individuals, companies, or other entities—must confirm and update their IEC details online every year between April and June.
Even if there are no changes in your business details, you are still required to log into the DGFT portal and submit a confirmation. This ensures that the IEC database remains accurate and up to date.
If you fail to update your IEC within the stipulated period, the IEC gets deactivated automatically. A deactivated IEC cannot be used for any import or export activity, which may cause disruptions in your business operations. However, you can later update the IEC, after which it will be reactivated without penalty or late fees.
Why IEC Update Is Important:
In summary, the IEC update is not optional—it is a regulatory requirement. Timely updating avoids unnecessary interruptions in your international trade activities.
Learn more about IEC Renewal at https://www.jparks.co/services/iec-renewal/
