Overview of IEC Code Renewal
Import Export Code (IEC) is mandatory for businesses involved in international trade. As per DGFT norms, all IEC holders must renew or update their IEC code annually to ensure compliance and avoid deactivation. Corporate Analytica simplifies the IEC renewal process with expert-led support.
Advantages of Renewing IEC Code
- Ensures uninterrupted import-export operations
- Avoids penalties and deactivation by DGFT
- Maintains compliance with government norms
- Online process – no physical visit required
- Enhances business credibility in global markets
Who Needs to Renew IEC?
- All businesses holding a valid IEC code
- Exporters and importers of goods or services
- Companies, partnerships, sole proprietors, and LLPs
- Any IEC holder, even with no transactions in the year
Documents Required
- Existing IEC certificate
- PAN card of the business entity
- Updated address and contact details
- Digital Signature Certificate (DSC) or Aadhaar-based OTP access
- Authorized signatory details
IEC Renewal Process
- Step 1: Submit basic business details and existing IEC
- Step 2: Provide required documents and authorization
- Step 3: Verify details through DSC or Aadhaar OTP
- Step 4: File annual IEC update on DGFT portal
- Step 5: Receive confirmation of successful renewal
Why Choose Corporate Analytica?
- DGFT compliance experts with years of experience
- Fast turnaround with same-day IEC updates
- 100% digital process with no manual errors
- Affordable pricing with dedicated support
- Free guidance for export-import related queries
Post‑Renewal Guidelines
- Ensure future updates are done before 30th June annually
- Keep contact and bank details updated on DGFT portal
- Use renewed IEC for customs clearance and shipping
- Stay compliant to avoid IEC cancellation
Frequently Asked Questions (IEC Renewal)
Q1. Is IEC renewal mandatory every year?
Yes, as per DGFT guidelines, IEC must be updated annually between April and June, even if there is no change.
Q2. What happens if I don’t renew my IEC?
Your IEC code will be deactivated by DGFT, and you won’t be able to import or export until it's reactivated.
Q3. Do I need to pay any government fee for IEC renewal?
No government fee is charged for IEC renewal. However, professional service charges may apply.
Q4. Can I renew IEC myself on DGFT portal?
Yes, but it's recommended to take professional help to avoid rejection or errors in filing.