Amendments in Foreign Trade Policy Provisions concerning Import Export Code (IEC) Number
NO:CLE-HO/POL/CIRCULAR/2017
January 17, 2017
Members of the Council,
Sub : Amendments in Foreign Trade Policy Provisions concerning Import Export Code (IEC) Number
Dear Sir,
The DGFT has issued a Public Notice No.54/2015-2020 dated 11th Jan 2017 making some amendments with regard to Foreign Trade Policy provision concerning IEC number. Amendments are given below.
Sl. No. | HBP Para/Public Notice Appendix | Provision | Revised Provision |
---|---|---|---|
1. | 2.14 A | When an IEC holder seeks modification change of Branch Office/Head Office/Registered Office address in its IEC and which involves a shift in its jurisdictional RA, a request to that effect will have to be made to the new RA to whose jurisdiction the applicant is shifting its Office. A copy of this request with application details is to be submitted to the old RA from where the original IEC was issued. On the basis of this request, the old RA (the custodian of the IEC file till now) will transfer the IEC file to the new RA (the new custodian) which shall make appropriate amendment based on the transferred file and fresh documents submitted to it by the applicant. The new RA shall allow the person in its new address to carry out necessary functions and also apply for eligible benefits as per FTP. | When an IEC holder seeks modification/change of Branch Office/Head Office/Registered Office address in its IEC and which involves a shift in its jurisdictional RA, a request to that effect will have to be made to RA concerned under whose jurisdiction the applicant exists. On the basis of this request, the RA (custodian of the IEC file till now) will process such requests and amend IEC, if found appropriate, under intimation to the RA under whose jurisdiction the applicant wants transfer. The new RA shall allow the person in its new address to carry out necessary functions and also apply for eligible benefits as per FTP |
2. | PN No.58 dated 1.2.2016 | Online IEC applications once rejected will not be processed any further. Applicant's desirous of seeking IEC will have to apply afresh, by paying the processing fees of Rs. 500/- | Online IEC applications once rejected will not be processed any further. Applicant's desirous of seeking IEC will have to apply afresh, by paying the processing fees of Rs. 500/- |
3. | Appendix 2k | 7. Adjustment of Fee: In cases, where a new Advance Authorization, EPCG and Duty Credit Scrip is issued by RA in lieu of the earlier Authorization (which has been cancelled by RA, on the request of the firm, on account of non-registration at the Customs Port), the application fees paid in the earlier Authorization will be adjusted by the RA for the new Authorization. However, a minimum application fee of Rs.200/- shall be paid for the new Authorization. Head of Office of concerned RA while issuing Authorizations under this provision shall ensure proper linkage with the earlier cancelled Authorization | In cases, where a new Advance Authorization, EPCG and Duty Credit Scrip is issued by RA in lieu of the earlier Authorization (which has been cancelled by RA, on the request of the firm, on account of non-registration at the Customs Port), or in case the RA suggests the firm to file application under correct scheme the application fees paid in the earlier Authorization will be adjusted by the RA for the new Authorization. However, a minimum application fee of Rs.200/- shall be paid for the new Authorization. Head of Office of concerned RA while issuing Authorizations under this provision shall ensure proper linkage with the earlier cancelled Authorization. |
Members may kindly note the above.
Thanks & regards,
R.Ramesh Kumar
Executive Director
COUNCIL FOR LEATHER EXPORTS