2.9.5

Each IEC holder (baring those who have obtained IEC in the preceding licensing years i.e 1.4.2002 to 31.3.2003) shall be required to furnish yearly details of imports/exports made by him in the preceding licensing year by 31st October. The information shall be furnished online by the IEC holder by accessing the website at www.nic.in/eximpol. Failure to submit the details by the stipulated period shall result in blocking of such IEC for import/export purposes from 1st November.

In cases where the IEC holder has not made any import/ export in the preceding licensing year, such IEC shall be made inoperative from 1st of November. All those IEC where the holder fails to furnish the details by the stipulated time, shall be de-activated which may be re-activated upon furnishing a fee of Rs.500/- by way of demand draft or treasury challan to the Regional Licensing Authority and submitting the requisite data. Similarly, in respect of IEC where no import/export has taken place, deactivated IEC can be reactivated on furnishing a fee of Rs. 500/- by way of demand draft or treasury challan to the Regional Licensing Authority.

(Para 2.9.5 has been amended vide PN. No. 14/2003, Dt. 25/06/2003 - Clarificatory instructions for filling information in IEC returns)

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Each IEC holder shall be required to furnish yearly details of imports/exports made by him in the preceding licensing year by 30th June. The information shall be furnished online by the IEC holder by accessing the website at www.nic.in/eximpol. Failure to submit the details by the stipulated period shall result in blocking of such IEC for import/export purposes from 1st July.

In cases where the IEC holder has not made any import/ export in the preceding licensing year, such IEC shall be made inoperative from 1st of July.

Each IEC holder (barring those who have obtained IEC in the preceding licensing year i.e. 1.4.2002 to 31.3.2003) shall be required to furnish yearly details of imports/exports made by him in the preceding licensing year by 30th June. The information shall be furnished online by the IEC holder by accessing the website at www.nic.in/eximpol. Failure to submit the details by the stipulated period shall result in de-activation of such IEC for import/export purposes from 1st July.

In cases where the IEC holder has not made any import/export in the preceding licensing year, such IEC shall be made inoperative from 1st of July.

The inoperative IEC may be reactivated upon furnishing a fee of Rs.500/- to the regional licensing authority.

(Last 3 paragraphs has been added vide PN. NO. 08/2003, DT. 14/05/2003) ]

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