Need To Modify Importer Exporter Code?
Arkca Corporate offers premium assistance to expedite seamless import-export trade operations in the
country. We have a dedicated team of import-export consultants to identify the issues arising with the
IEC Modification process. Our professional consultation covers-
- Drafting the documents for IEC Modification issued by DGFT
- Errorless documentation for Importer-Exporter Code Modification
- Premium guidance to avail IEC Modification as Import-Export business owner
What is IEC Modification in Import-Export Business?
Any holder of Importer Exporter Code needs to update it from time to time. These IEC details are needed to be verified and updated annually. Generally, this updating process takes place within April and June each year. The entire process of updating IEC details post-verification is known as IEC Modification in the country.
Any act of non-compliance initiated from the IEC Certificate holder leads to deactivation of IEC Code. Apart from that, IEC Modification is mandated in Import-export businesses because-
- An IEC needs modification when the branch address of an Import-Export business is either deleted or added
- Changes made to the nature or type of the business which needs IEC Modification as well
Why IEC Modification is Mandatory in Every Business?
The word IEC Code Certificate is a 10-digit number issued by the DGFT. This 10-digit number issued by DGFT is further required for every Indian import-export business owner to update certain things. It includes – bank details, assure that every information shared complies with current import-export trade regulations, etc. The process of updating the IEC Certificate is known as the IEC Modification process.
Some of the major leverages unleashed with IEC Modification covers-
- Seamless facilitation of global import-export trade as IEC Certificate is the gateway for domestic businesses to expedite import or export with international markets
- Modified IEC facilitates trouble-free customs clearance
- An IEC Certificate holder is exempted from filing yearly returns
- Yearly IEC Modification turns foreign trade transactions easier and simple
- By initiating IEC Modification, any import-export business gains better credibility and transparency in business transactions
Not satisfied and having more queries on the IEC Modification process?
Call Us and get your IEC Modification done in just a few days!
