Taxontips
No Result
View All Result
Sunday, July 3, 2022
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Talk to an Expert
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
No Result
View All Result
Taxontips
No Result
View All Result

All IEC code holders needs to update it’s details on the DGFT website till June 2022 or their IEC code will be suspended

ADMIN by ADMIN
June 16, 2022 - Updated on June 17, 2022
in Business & Other News
0
Digital signature or Aadhar based e-sign mandatory for IEC after 13.07.2020
151
SHARES
1.9k
VIEWS
image_pdfPDFimage_printPrint

What is IEC code?

An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted.

Thus, IEC code is mandatory for all importer and exporter’s. For taking IEC code one needs to visit DGFT website and all the procedure for getting an IEC code is online. Recently an update was made after which all IEC code applications were required to be signed digitally which was not the case earlier.

Now, DGFT vide notification no. 58/2015-2020 Dt. 12.02.2021 has made a few changes in IEC code which are as under:

1. DGFT has made it mandatory that an IEC code holder needs to ensure that details in IEC code are updated annually between April to June and even if there is no change in IEC details same needs to be also confirmed online.

2. If the IEC code are not updated same shall be deactivated.

3. However the same could be reactivated later on it’s successful updation but without prejudice to any other action being taken for violation of any other provision of the FTP.

4. Also, IEC could be flagged for scrutiny and if scrutiny is not addressed within due time the IEC code may be deactivated.

Further in the above notification the requirement for digitally signing the IEC code application form has been removed.

Thus, if you are an importer or exporter it is advisable to immediately update details in IEC code so that your IEC code is not deactivated or else it can affect your import or export orders.

The due date as of now is 30.06.2022 to update your IEC code.

 

To read full notification CLICK HERE.

 

It is important to note that for services exports however, IEC shall be not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.

 

You can book phone consultation/ assistance online with expert as mentioned below:

To book ITR filing with experts CLICK ME.

To book phone consultation with experts for any Income tax related matters CLICK ME.

To book consultation for Faceless Assessment with experts CLICK ME.

To book phone consultation with experts for GST related matters CLICK ME.

To book general phone consultation with expert CLICK ME.

 

Connect with us on: LinkedIn, Telegram, Instagram, Facebook and Youtube for regular Updates.

image_pdfPDFimage_printPrint
Tags: EC code deactivatedhow to update IEC codeIEC codeItaxontips
Previous Post

Cost inflation index (CII) for FY 2022-23 to calculate capital gain announced by Income tax department

Next Post

Expression of Interest (EOI) from reputed Chartered Accountant firms for appointment as Internal Auditors of nimsme, Hyderabad for 2022-23

Related Posts

LLP settlement Scheme – 2020
Business & Other News

Relaxation in payment of additional fees in case of delay in filing Form 11 (Annual return) by LLP till 15.07.2022

June 30, 2022
Chartered Accountant’s beware before issuing any certificate or you might get blacklisted by ministry
Business & Other News

Engagement of Chartered Accountant/ Chartered Accountants Consultancy firm/agency for various tax related works at ICMR-NICPR, NOIDA

June 27, 2022
IDBI Bank invites online applications from practicing partnership firms of Chartered Accountants within India for Concurrent Auditor
Business & Other News

Expression of Interest (EOI) from reputed Chartered Accountant firms for appointment as Internal Auditors of nimsme, Hyderabad for 2022-23

June 17, 2022
Chartered Accountant’s beware before issuing any certificate or you might get blacklisted by ministry
Business & Other News

NOTICE INVITING e-TENDER FOR INTERNAL AUDIT OF FINANCIAL CONTROL OF WBSBCL WAREHOUSES FOR FY 2022-23

June 14, 2022
IDBI Bank invites online applications from practicing partnership firms of Chartered Accountants within India for Concurrent Auditor
Business & Other News

Empanelment of Concurrent Auditors for Canara Bank for 2022-23

June 9, 2022
MCA extends due date for uploading Annual return and Financial statement
Business & Other News

MCA applies restriction on person of other country sharing border with India wanting to be appointed as director

June 8, 2022
Next Post
IDBI Bank invites online applications from practicing partnership firms of Chartered Accountants within India for Concurrent Auditor

Expression of Interest (EOI) from reputed Chartered Accountant firms for appointment as Internal Auditors of nimsme, Hyderabad for 2022-23

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Google Custom search

Recent Posts

  • Income tax e-filing website not working properly from past 2 days – Income Tax Department responds
  • ₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year
  • Recommendations of 47th GST Council Meeting | Changes in GST rate as recommended by GST council
  • Relaxation in payment of additional fees in case of delay in filing Form 11 (Annual return) by LLP till 15.07.2022
  • India extends Applicability of compensation cess on vehicles, motor cycles etc till 31.03.2026

Latest query

  • sft-006-transactions-in-form-26as asked by Satish Kumar
  • Looking for CA for tax rebate asked by Shivangi
  • E-campaign AIS message asked by Divya P
  • E-campaign AIS message asked by Divya P
  • Enquiry asked by Pushkar raj

Recent Comments

  • Order u/s 119 of the I.T. Act, 1961 in relation to TDS u/s 194S for transactions other than those taking place on or through an Exchange [Read circular] - Taxontips on Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act
  • interest on non payment of advance tax - bankwatches on Interest for non payment of Advance Tax: (Section 234B & 234C):
  • ITR 5 is now available for filing | What are the changes in ITR 5 for AY 2022-23 | File ITR 5 online with experts on Taxontips - Taxontips on Intimation issued u/s 143(1) of the Act for AY 2020-21 does not allow depreciation on adjustment of WDV due to additional depreciation to companies opting for section 115BAA
  • ITR 5 is now available for filing | What are the changes in ITR 5 for AY 2022-23 | File ITR 5 online with experts on Taxontips - Taxontips on Threshold limit prescribed by CBDT for determining “Significant Economic presence” of a business in India | Now many online portals will be taxed in India | Digital tax
  • List of business codes not eligible for section 44AD - Presumptive taxation - Taxontips on Business codes and professional codes for Income tax return/ ITR forms for AY 2021-22

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Browse Topics by Date

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    
  • GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning 79k views
  • How to pay Membership and COP fees of ICAI for 2020-21 | 77k views
  • Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods 62.9k views

Recent Notification

Interest u/s 234A to be charged after 31.07.2021 even where ITR filing facility is not available | Is it fair?

Income tax e-filing website not working properly from past 2 days – Income Tax Department responds

July 2, 2022
GST registration

₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year

July 1, 2022

RSS Taxontips

  • ₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year
  • Recommendations of 47th GST Council Meeting | Changes in GST rate as recommended by GST council
  • Relaxation in payment of additional fees in case of delay in filing Form 11 (Annual return) by LLP till 15.07.2022
  • India extends Applicability of compensation cess on vehicles, motor cycles etc till 31.03.2026
  • Order u/s 119 of the I.T. Act, 1961 in relation to TDS u/s 194S for transactions other than those taking place on or through an Exchange [Read circular]
  • Engagement of Chartered Accountant/ Chartered Accountants Consultancy firm/agency for various tax related works at ICMR-NICPR, NOIDA
  • Clause 44 of the Tax Audit Report will be applicable for AY 2022-23 | Here’s why
  • Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act
  • ITR 5 is now available for filing | What are the changes in ITR 5 for AY 2022-23 | File ITR 5 online with experts on Taxontips
  • Availing ITC as per law and GSTR2B – Same invoice showing twice in GSTR 2B

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Awesome consultation

I am a freelancer and had a query regarding my Income tax return and the experts helped me out with my problem and gave me proper support.

Chirag

Freelancer

Taxontips
5
2020-03-17T00:26:29+05:30

Chirag

Freelancer

I am a freelancer and had a query regarding my Income tax return and the experts helped me out with my problem and gave me proper support.
https://www.taxontips.com/testimonials/awesome-consultation/

Excellent service

I posted my issue in the chat and soon I was assigned an expert and my query got resolved within 24 hours with satisfactory reply with support for filing my return. It was great help from Expert. And thank you guys you are awesome.

Onkar

Software Developers

Taxontips
5
2020-03-17T00:33:35+05:30

Onkar

Software Developers

I posted my issue in the chat and soon I was assigned an expert and my query got resolved within 24 hours with satisfactory reply with support for filing my return. It was great help from Expert. And thank you guys you are awesome.
https://www.taxontips.com/testimonials/timely-service/

Great chat support

I had a query regarding GST applicability on a very small issue and same was resolved quickly via the experts over chart support. Great work keep it up! I would recommend everyone to try their service.

Manish

Businessman

Taxontips
4
2020-03-17T16:01:49+05:30

Manish

Businessman

I had a query regarding GST applicability on a very small issue and same was resolved quickly via the experts over chart support. Great work keep it up! I would recommend everyone to try their service.
https://www.taxontips.com/testimonials/great-chat-support/

Timely reply to my notice

I had received a notice u/s 143(1)(a) and got a great support in timely replying to the above notice and made me understand the meaning of such notice. I had just submitted my notice in Contact us form and received a resolution within 24 hours for a minimal consultation charges.

Mihir

Salaried employee

Taxontips
5
2020-03-17T16:16:24+05:30

Mihir

Salaried employee

I had received a notice u/s 143(1)(a) and got a great support in timely replying to the above notice and made me understand the meaning of such notice. I had just submitted my notice in Contact us form and received a resolution within 24 hours for a minimal consultation charges.
https://www.taxontips.com/testimonials/timely-reply-to-my-notice/

Regarding EPF withdrawal

I had a query about taxation on my EPF withdrawal and same was resolved very quickly over chat by the experts. It was very helpful and quick.

Nitish

Design Engineer

Mumbai

Taxontips
5
2020-03-21T15:29:36+05:30

Nitish

Design Engineer

Mumbai

I had a query about taxation on my EPF withdrawal and same was resolved very quickly over chat by the experts. It was very helpful and quick.
https://www.taxontips.com/testimonials/regarding-epf-withdrawal/

GST return related query resolved

I am an exporter and I export ladies handbag and other retail items. I had a query relating to filing my GST return and experts here solved my query within same day and I was very satisfied with the solution and fees charged by them for such solution.

Yogesh

Exporter

Ahmedabad

Taxontips
5
2020-03-21T15:33:39+05:30

Yogesh

Exporter

Ahmedabad

I am an exporter and I export ladies handbag and other retail items. I had a query relating to filing my GST return and experts here solved my query within same day and I was very satisfied with the solution and fees charged by them for such solution.
https://www.taxontips.com/testimonials/gst-return-related-query-resolved/

Received great support for my compliance notice

Recently my mother's PAN was flagged for not filing return of income and I was worried on what to do and experts here on Taxontips.com helped me on how should I handle the notice and reply the same and they even gave me assistance of a practicing CA to help me out. It was a very smooth experience.

Arjun,

Businessman,

Dubai.

Taxontips
5
2020-04-03T00:15:31+05:30

Arjun,

Businessman,

Dubai.

Recently my mother's PAN was flagged for not filing return of income and I was worried on what to do and experts here on Taxontips.com helped me on how should I handle the notice and reply the same and they even gave me assistance of a practicing CA to help me out. It was a very smooth experience.
https://www.taxontips.com/testimonials/received-great-support-for-my-compliance-notice/

Filing of ITR 1 online with expert

I would definitely rate the conversation 10 out of 10 and recommend it to others.

The professional expert explained all the things thoroughly.

It was a nice conversation.

Siddharth Goyal,

Self employed

Taxontips
5
2020-08-04T18:11:25+05:30

Siddharth Goyal,

Self employed

I would definitely rate the conversation 10 out of 10 and recommend it to others. The professional expert explained all the things thoroughly. It was a nice conversation.
https://www.taxontips.com/testimonials/filing-of-itr-1-online-with-expert/
8
Taxontips

Site menu

  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Taxontips

TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India

© 2019-2021 Taxontips.com - Tax assistance at your Fingertips

No Result
View All Result
  • Login/Signup
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
  • Ask an expert/ Talk to an expert
  • Privacy Policy
  • Terms of use

© 2019-2021 Taxontips.com - Tax assistance at your Fingertips

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Book Phone consultation with expert

Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Book your consultation with an expert practicing Chartered Accountant and get your query solved.

Book a phone consultation for 30 minutes with our expert at a very basic cost.

Book consultation

No thanks, I'm not interested!

ITR 1 to 5 now available for FY 2021-22!!File your ITR with an experienced Chartered Accountant

Now File your Income Tax return for F.Y. 2021-22 with an Experienced Practicing Chartered Accountant and not just with any person like other websites offer. Return filing starts at Rs. 500/-

Book ITR filing with Expert

Never see this message again.

Subscribe for Latest Tax Updates
You name
Yourname@email.com

Never see this message again.