{"id":28931,"date":"2021-04-14T12:32:37","date_gmt":"2021-04-14T07:02:37","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=28931"},"modified":"2021-04-14T12:32:39","modified_gmt":"2021-04-14T07:02:39","slug":"complete-procedure-to-change-address-in-iec","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/complete-procedure-to-change-address-in-iec\/","title":{"rendered":"The Complete Procedure to Change Address in IEC"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Import\nExport Code (IEC) is required by everyone who is looking to start import or export\nbusiness&nbsp;in the country. &nbsp;In today\u2019s\ncompetitive business world, everyone is trying to develop their business beyond\nthe domestic market limits. Hence, there are certain mandatory procedures to be\nfollowed before going global to get different license and registration and one\nsuch license is the Import Export Code (IEC) license.<\/p>\n\n\n\n<p>IEC license is a pre-requisite condition before starting up with the business of importing or exporting from India. It is also acknowledged as Importer- Exporter Code. Thus, it is important for the business enterprises to stay updated with the various changes in obtaining <a href=\"https:\/\/corpbiz.io\/iec-registration\"><strong>IEC license<\/strong><\/a> and in this article we shall learn about the one such complete procedure to change the address in IEC.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/complete-procedure-to-change-address-in-iec\/#What_is_the_Requirement_of_IEC_in_your_Business\" >What is the Requirement of IEC in\nyour Business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/complete-procedure-to-change-address-in-iec\/#What_is_the_Procedure_to_Change_Address_in_IEC\" >What is the Procedure to Change\nAddress in IEC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/complete-procedure-to-change-address-in-iec\/#Documents_Required_to_Change_Address_in_IEC_Registration\" >Documents Required to Change Address in IEC Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/complete-procedure-to-change-address-in-iec\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Requirement_of_IEC_in_your_Business\"><\/span>What is the Requirement of IEC in\nyour Business?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>IEC is a\n10-digit code having a validity of lifetime and is issued by the DGFT (Director\nGeneral of Foreign Trade). The major purpose behind requirement of IEC for the\nbusiness is given below:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Import and Export<\/h3>\n\n\n\n<p>The main\npurpose behind getting this license is to import and export goods and services\nas there is no importer or exporter who can deal with his business of goods and\nservices globally without obtaining this license. &nbsp;Thus, the IEC license is the pre-requisite\ncondition before starting up with such business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Shipment Clearance<\/h3>\n\n\n\n<p>For succeeding with the clearance of shipment it is important to show IEC.\nHence, IEC license is mandatory to pass the shipment process which is the final\nstep to export goods.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Custom Clearance<\/h3>\n\n\n\n<p>The sole\nauthority to perform custom clearance is the Custom department custom clearance\nis the verification check procedure of the imported goods. Hence, furnishing\nIEC is mandatory for the person importing the goods for making a successful\ncustom clearance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Payments in Import\nand Export<\/h3>\n\n\n\n<p>The importer is obligated to furnish IEC while making payments and at the same time the exporter is obligated to show his IEC license during receiving payments.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/export-flowers-to-singapore\/\">Export Flowers to Singapore: Guide for Indian Entrepreneurs<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Procedure_to_Change_Address_in_IEC\"><\/span>What is the Procedure to Change\nAddress in IEC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The unique Import Export Code acts as a means to enter in the international trade where the business enterprises will be able to access an extensive surplus of profitable development opportunities in their business. Export promotion has been the major concern of our <em><strong>government<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Government\"><em><strong>[1]<\/strong><\/em><\/a><\/sup>.<\/p>\n\n\n\n<p>It is well\nknown that in recent years the trade &amp; commerce authorities is undertaking regular\nschemes and different initiatives with the objective to promote the exports\nfrom India. Hence, every Indian business enterprises that are involved in the trading\nof Import-Export can directly obtain the benefit of these initiatives and\nschemes with their unique Import Export Code.<\/p>\n\n\n\n<p><strong>IEC Modification<\/strong> &#8211; Any amendment or modification made in the business\nentity particulars in its exclusive Import Export Code is known as IEC\nmodification. In case of an Import Export trade business if the entity\nhas to undergo the procedure to Change Address in IEC in their business\nenterprise then the export\nmerchant who has strategized to Change Address in IEC Certificate shall have to\ninstantly modify the same while filing an IEC modification application. <\/p>\n\n\n\n<p>In such a case it is very important to immediately Change Address in IEC or else the business enterprise will not be competent to carry out global trading from its previous address. In order to change the address in IEC, the change has to be made in the Import Export Code master details. The given below is the complete procedure to change the address in IEC:-<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/What-is-the-Procedure-to-Change-Address-in-IEC.png\" alt=\"Procedure to Change Address in IEC\" class=\"wp-image-28954\" width=\"540\" height=\"421\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/What-is-the-Procedure-to-Change-Address-in-IEC.png 1000w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/What-is-the-Procedure-to-Change-Address-in-IEC-300x234.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/What-is-the-Procedure-to-Change-Address-in-IEC-768x600.png 768w\" sizes=\"(max-width: 540px) 100vw, 540px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">1. Login to DGFT Portal<\/h3>\n\n\n\n<ul><li>To change address in IEC, first of all you need to visit the DGFT portal.\nThere you will be required to enter your mobile number, email address, pin\ncode, state and city. In the drop-down menu on the creation of new user portal,\nyou will have to choose \u2018Importer\/Exporter\u2019.&nbsp;<\/li><li>You\nwill need to enter the business PAN number on the DGFT portal. Then you will\nreceive the OTP and File number on the registered mobile number which shall be\nentered in the message.<\/li><li>Then\nyou will be asked to enter the birth date together with the OTP, Name of the\nfirm and File Number.<\/li><li>Subsequently\nthe next step will be to click on the IEC modification. There again you will be\nrequired to enter the OTP.<\/li><li>In\nthe next step you will see a prefilled application.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2. Modify IEC Master-Detail<\/h3>\n\n\n\n<p>In order to\nChange Address in IEC of your business, it is obligatory on the applicant to\nmake IEC modification by the process of updating the IEC Master details.<\/p>\n\n\n\n<p>For that,\nyou will have to select on the IEC Master option. The IEC master details will demonstrate\nthe IEC Master screen and there you can modify the business entity address without\nany doubt.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Complete the IEC Modification\nForm<\/h3>\n\n\n\n<p>For the\nsuccessful completion to Change Address in IEC the user will have to ensure the complete fill up of the modification\nform for which the user shall scroll down the Master screen of the IEC to\nfacilitate the completion of his IEC modification form.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Process the Application by\nSelecting Update Option<\/h3>\n\n\n\n<p>Last of all,\nsaving is important for processing the IEC modification form so as to update\nall the required and filled details. For that, it is required to click on the\nEDIT or UPDATE button.<\/p>\n\n\n\n<p>On the\ncompletion of the IEC modification process, and after clicking on the\nEDIT\/UPDATE button it will update all the new particulars, i.e. the procedure\nto Change Address in IEC shall be completed.<\/p>\n\n\n\n<p>Eventually\nthe following SUCCESS message shall be generated by the system: \u201cTask Completed\nSuccessfully\u201d.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_to_Change_Address_in_IEC_Registration\"><\/span>Documents Required to Change Address in IEC Registration <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em><strong>The documents required to Change Address in IEC are:<\/strong><\/em><\/p>\n\n\n\n<ul><li>Original\nIEC certificate<\/li><li>Documents\nto prove the change of address<\/li><li>An\naffidavit describing the modification&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is mandatorily required for all the IEC holders to update\nand confirm their IEC Details. They should update their IEC from April to June\nonce every year through online system, even if there are no changes. On failure\nto comply with the rules, it can result in deactivation of their IEC and\nleading to impossibility of the import or export activities concerning the\nbusiness.<\/p>\n\n\n\n<p>Hence, it is expected that the user follows the above given complete procedure to change the address in IEC, then only it will successfully change the business address of the IEC registration certificate.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/how-many-types-of-products-can-be-exported-by-one-iec\/\">How Many Types of Products can be Exported by One IEC?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Import Export Code (IEC) is required by everyone who is looking to start import or export business&nbsp;in the country. &nbsp;In today\u2019s competitive business world, everyone is trying to develop their business beyond the domestic market limits. Hence, there are certain mandatory procedures to be followed before going global to get different license and registration and [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":28936,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[1662],"acf":{"service_id":"16"},"authorName":"Kandarp Vanita","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/image_2021_02_01T09_09_44_024Z.png","authorDescription":"Kandarp Vanita has done masters in Corporate and Commercial Law from WB National University of Juridical Sciences. She has 3 yrs of experience in drafting legal documents &amp; dissertations. Being a curious reader, she is also passionately into providing legal backups and comprehensive understandings in every aspect of Law to the firms.","postViews":25173,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/28931"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=28931"}],"version-history":[{"count":7,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/28931\/revisions"}],"predecessor-version":[{"id":28956,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/28931\/revisions\/28956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/28936"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=28931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=28931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=28931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}