22 July 2021
Dear Sir\Madam, In our DGFT website under the IEC Status it shows Acknowledgement Awaited , what is the meaning of this and how long it may take to get updated. Kindly guide me the procedure to update the IEC and how long it may take . What happens if we dont update the IEC in th DGFT website
09 July 2024
When your DGFT website shows "Acknowledgement Awaited" for your IEC (Importer Exporter Code), it typically means that your application or request for some action related to your IEC is pending acknowledgement or processing by DGFT (Directorate General of Foreign Trade). Here’s what you should know about this status and the procedure to update your IEC:
### Meaning of "Acknowledgement Awaited":
1. **Pending Processing**: This status indicates that DGFT is currently processing your application, modification, or request related to your IEC.
2. **Awaiting Acknowledgement**: DGFT might be waiting for additional documents or verification before acknowledging or updating your IEC status.
### Procedure to Update IEC:
1. **Check Application Status**: Log in to your DGFT account and check the status of your application or request.
2. **Ensure Document Compliance**: Ensure that all required documents and information have been submitted correctly as per DGFT guidelines.
3. **Follow-Up**: If your application has been pending for an extended period, consider contacting DGFT support or visiting your regional DGFT office for assistance. They can provide specific guidance based on your application status.
### Timeline for Updates:
- The timeline for processing can vary based on the workload at DGFT and the complexity of your request. - Generally, updates can take from a few days to a few weeks, depending on the nature of the application and the completeness of documentation submitted.
### Consequences of Not Updating IEC:
- **Compliance Issues**: Operating with outdated or incorrect IEC details can lead to compliance issues during import-export transactions.
- **Penalties**: Non-compliance with DGFT regulations could result in penalties or other legal consequences.
### Action Steps:
- **Regular Monitoring**: Monitor your DGFT account regularly for updates on your IEC status.
- **Contact DGFT**: If there is a significant delay or if you have urgent import-export requirements, reach out to DGFT for clarification and assistance.
By staying proactive and ensuring all documentation is in order, you can expedite the processing of your IEC updates on the DGFT website and avoid potential compliance issues.
CAclubindia
