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Iec code

CA.Kanhaiyalal Gupta (Taxation Incharge) (290 Points)

16 August 2012

Dear All,

We have taken IEC code of one the company but last 2 years company is not doing any activities :

My question is any requrement for validity of same certificate like filing of any return under DGFT or in custom

Thanks

Kanhaiyalal

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4 Replies

CA Saiyum khan (Practicing CA) (690 Points)
Replied 16 August 2012

Compliance is required when any transaction such as import or export has taken place in the IEC code.

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CA. Subhash Dangi (Chartered Accountant) (1784 Points)
Replied 16 August 2012

No returns or filing is required to any authority as the validity for teh IEC is life time.

However, in case any change in the Name / Address or Constitutiton of IEC holder, the IEC holder shall cease to be eligible to import ot Export against the IEC after expiry of 90 days from the date of such change unless the consequential changes are effected in the IEC by concerned Licensing Authority by applying Modifications in IEC.