Import Export Code Renewal
Renew the IEC @ ₹ 1,499/-
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Though the Import Export Code is a permanent number allotted by the DGFT, however in order to keep the IEC valid and effective for Export or Import, it must be renewed with updated information before 30th June.
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Import Export Code Renewal
Import Export Code is a permanent number allotted by the DGFT to the exporters and importers in international trade. However, the IEC must be renewed every year between April to June to keep it active. The non-renewal will lead to the deactivation of IEC.
Annual Renewal or Updation of IEC
You must be aware that the Import Export Code (IEC) is a PAN Based unique Id maintained by the DGFT, being a prerequisite for doing any transaction involving import or export. Though an IEC is a permanent code, the government of India, with effect from 2021, has come up with an annual updation requirement applicable to all persons having an IEC. The IEC updation is an online process and can be completed with the use of DSC or Aadhar based OTP for authentication. The purpose of this annual Renewal of the IEC is to have correct and updated particulars of the business and the users of the DGFT portal. It is essential to have the IEC updated on an annual basis with the correct OTP Verified email and mobile numbers of the business so that the database of the DGFT is correct and reliable.
The DGFT, in its Trade Notice No 01/2021-22 dated 29/04/2021, introducing the requirement of annual updation of the IEC, has made it mandatory with effect from the FY 2021-22, where the IEC holder must update the IEC during April to June 2021. However, the date is further extended until 31st August 2021. It is further provided that the non-updation shall lead to the deactivation of IEC.
Due Date for IEC Renewal
The Due date to Renew the Import Export Code is April to June; It means the IEC holder must take steps to update their e-IEC at the beginning of the financial year. The last date of filing the IEC Renewal would be 30th June. However, for the FY 2021-22, due to the COVID pandemic, the due date of filing the annual IEC Renewal was extended to 31st August 2021.
How to Renew MSME Registration Certificate? - Stepwise Process
Wondering how to renew MSME Certificate Online? With our assistance, you can complete the MSME renewal process in 5 simple steps! Each of these steps are explained below for your clear and comprehensive understanding. Note that the entire MSME Certificate Renewal procedure can be completed on the official Udyam Portal.
Step-1: Visit the Online MSME / Udyam Portal
The documents required for GST Registration are based on the type of entity and the nature of its business activity. It is extremely important that all the documents required for online GST registration are prepared beforehand. This helps avoid any hindrance in the application process later. A complete list of such documents is mentioned in the section above.
Step-2: Sumit Udyam Registration Number & Validate Using OTP
GST registration for new business is an application-based process. The first part of the application seeks basic registration details. This includes type of entity, name of entity, PAN number, and the state / UT where the business operates. Providing these details enables successful registration on the GST Portal.
Step-3: Edit & Update Details
GST Registration in India is a PAN-based process. The applicant must provide his PAN details in the first part of the application. As mentioned earlier, the PAN must be linked to the applicant’s Aadhar, mobile number and email address for OTP verification.
Step-4: Submit the Updated Information
As soon as the PAN is entered, an OTP is sent to the linked mobile number and email address. After furnishing the two OTPs successfully, a Temporary Reference Number or TRN is generated. You can use the TRN for completing the application form further. Note that the TRN will be valid for 15 days only, so the process must be completed within this time period.
Step-5: Download the Updated MSME Registration Certificate
Sign in to the GST portal using the TRN and access the GST REG-01 application form. Complete the form by filling in the requisite details and uploading the requisite documents. This includes information about the business, promoters/partners, location of the business, products/services, and authorised individuals. Upon completing the form, verify it using the authorised signatory’s DSC or EVC.
Step-6: Issuance of GSTIN
Upon submission of all the details and documents, the application is processed in approximately 10 to 15 days. After successful verification of the form, the department allots a unique GSTIN to the applicant business. This GSTIN can further be used to check GST registration status and fulfil all GST-related compliances.
List of Documents for Renewal of IEC
The registration process for MSME Udyam Registration is fully digitalised and paperless. However, before you proceed to fill out the application form for the MSME Registration, you should prepare the following information so that it remains handy. The MSME is an Aadhar-based registration. Therefore, the aadhar number, which is linked with the mobile number of the owner or director of the business, is one of the key requirements
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Renewal Fee for Import Export Code
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Consequences of Non Filing of IEC Renewal
If your business has an Import Export Code, ensure its timely renewal every year. The updation of IEC has been made mandatory and should be completed within its due date. The failure to update the IEC shall result in the deactivation of the IEC. A deactivated IEC can not be used in international trade and shall create an unnecessary hassle at customs as an active IEC is required for clearance of imported goods or to export. We strongly advise you to take steps for the timely renewal of the IEC without any delay and escape the deactivation of the IEC. We are available to assist you at a very nominal fee to renew the IEC.
Restoration of IEC
If not renewed within its due date, the Import Export Code then the IEC gets deactivated and can not be used. To activate the IEC, you have to update the particulars as suggested on this page. In other words, an IEC gets deactivated if the annual updation is not filed within its due date and remain inactive until the IEC is updated or Renewed.
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