Surrender Additional IECs issued against Single PAN, says Zonal DGFT, Mumbai

[Ref: 02-TN/AM dated16 November 2011]

The following Trade Notice was issued by the Zonal DGFT Mumbai on 16 November 2011]

Sub: Surrender of additional IECs where more than one IEC has been issued against one PAN

Attention of all the members of trade and industry is invited to Para 2.9 of Hand Book of Procedures 2009-14, Vol. I, as amended which clearly states that only one IEC would be issued/allowed against a single PAN.

Therefore, all such importers and exporters who have got more than one IEC issued against one PAN are required to retain only one IEC.

Accordingly, all the firms/companies are hereby directed to surrender additional IECs issued against one PAN within a period of 45 days from the date of issue of this Trade Notice failing which all such IECs shall be blocked/made inoperative.

This issues with the approval of Zonal Joint Director General of Foreign Trade, Mumbai.