Only Address
Proof and Cancelled Cheque Required for IEC
·
Five percent Applications subject to
Checking by Regional DGFT
·
15 Days’ Time to Rectify Deficiencies
[DGFT Trade Notice No. 05 /2019-20 dated 15 April 2019]
Subject: -
Requirement of documents for online IEC application - modification and
modification procedure to follow Clarifications.
DGFT vide Trade
Notice No.39/2018-19 dated 12.12.2018 has laid down a mechanism for
verification of documents for online IEC application. As per the Trade Notice only two documents are required for filing online application
for IEC. These documents are (i) address proof and
(ii) cancelled cheque / Bank Certificate.
2. All Regional
Authorities (RA) are hereby intimated that whenever an IEC is picked up for
verification under the 5% mandatory check through RMS, RA needs to verify
whether the documents submitted as (i) address proof
match the documents listed in Trade Notice No.3912015-20 dated 12.12.2018 and
that the (ii) cancelled cheque is also as per the
aforesaid Trade Notice.
3. In case the RA
observes that there is any variance in the records vis-a
vis the details in IEC, RA should ask the applicant / send an email to the applicant entity at the registered email ID and
ask them to rectify the deficiencies / variance
noticed in the application / records.
Sufficient time of 15 days from the date of communication may
be provided to the applicant to rectify such deficiencies; failing which
the RA may suspend the IEC.
4. It may be
clarified to the IEC holder I applicant
that modification is to be carried out by paying usual modification fee.
5. RAs shall furnish a
Monthly Report of IEC taken up for further verification, number of IEC rectified
/ suspended, to the Policy - 2
Division (Dinesh Baid <dinesh.baid@nic.in>) with a copy to
EDI Cell.
This issues with the approval of
competent authority.
Issued from F..No. 01/93/180/20/AM-13/PC2-(B)/P-9917