Change in bank details in iec code

V Mehra (Partner) (25 Points)

22 October 2013  

Hi

I had procured an IEC code in 2009 where the main banker was ICICI.  My unit was inside SEZ.

In 2010, I opened another account with Citibank, and received export remittances in this account.

Was I required to modify the IEC number with the details of Citibank?  If so, what are the implications of not doing so?

Thanks