How to Request Revoke Suspension in IEC Registration? - Bizfoc

Overview 

IEC registration contains a 10-digit alphanumeric number that helps businesses to thrive in the global market. This registration helps to identify the businesses to trade the goods and services globally. However due to non-compliance of trade activities, suspects of trading goods, providing incomplete information, or non-compliance of legal regulations can put your license at suspension. Upon getting the notification on suspension of IEC license, businesses can’t make significant trading of goods in the global market and hence the user needs to submit the request to revoke suspension for their IEC registration. In this article, we will provide you complete insights on how to submit the request for revoking suspension for IEC registration, requirement and relevant conditions who may need to request for revocation. 

What is IEC Registration?

Directorate General of Foreign Trade (DGFT) issues Import Export Code Certificate. IEC Certificate which is a 10-digit alphanumeric number that helps to identify business importing goods and services abroad. This code is valid for the lifetime of the goods and services. This code is mandated under Foreign Trade (Development and Regulation) Act, 1992 to obtain IEC registration and quote IEC for import export related business activities. 

What is Request Revoke Suspension in IEC Registration DGFT?

Requesting for Revoking Suspension in IEC registration means submitting a request for revoking the suspension of IEC registration. This means if your IEC registration is suspended due to certain reasons such as non-filing of annual returns, incorrect information on the application process or non-compliance with import/export regulations, the user shall request to lift the suspension of their IEC registration under DGFT portal. 

Conditions for Request Revoke Suspension in IEC Registration

The suspension of IEC registration is not good for the businesses who’re willing to introduce their goods and services in the global market. Following are the conditions in which the user can request for the revocation or suspension for their IEC registration:

• Non-filing of Annual Returns:

If the user is not able to file the annual returns within the stipulated time frame, they can submit the request to revoke suspension for their IEC registration. This non-filing of annual returns can allow the user to request for revoking suspension. 

• Incorrect Information on the Application:

Sometimes, the user provides wrong information while filing the application as a new user. This incorrect information is not allowed which causes the application of the user to be suspended. In this situation, the user required to submit the request revokes suspension in IEC registration. 

• Non- compliance with Export/ Import regulations:

If an existing user has IEC registration but they are non-comply with import and export regulations they can apply for revoking Suspension in IEC registration. 

• Suspicious Trade Activities:

If a business engages in transactions that are illegal and raises concerns about potential illegal activity or DGFT has suspended IEC registration, they are also required to revoke suspension for their IEC registration. 

Requirement for Requesting for Revoke Suspension

Here’s the requirement for requesting for revoke suspension for the existing IEC registration:

1. User should have valid login credentials to DGFT Credentials 
2. Must have an active Digital Signature Active which contains the details of the firm 
3. Status of Suspended IEC registration of the user 

How to Apply to Request Revoke Suspension?

Here is the step-by-step procedures to submit the request for revoking suspension for their IEC registration:

Step 1: Visit the DGFT login:

To request for revoking the suspension of existing IEC registration, you need to login or sign up to the DGFT portal. For login the portal, you need to login the portal with required login credentials. You need to register your business on the website or if you have already registered, you need to apply for IEC. 

Step 2: Click on ‘My IEC’

To proceed with this request, you need to click on the ‘My IEC’ button on the dashboard. If you’re unable to find it, you can proceed to navigate the ‘My IEC’ tab on Main Menu → Services→ Importer Exporter Code. 

Step 3: Select the Request Revoke Suspension Tab

On clicking the Request Revoke Suspension Tab, you will enter the reason for Revoke Suspension of IEC and provide relevant documents for revoke suspension. After mentioning the reason, you can click on the Revoke Suspension Button. 

Step 4: Proceed with Digital Signature Certificate

Upon clicking on the Revoke Suspension Button, you will need to proceed with the Digital Signature Certificate (DSC). For submitting the DSC, a window will pop up for a Digital Signature Certificate (DSC) request. Then the user will upload their DSC in the pop request. 

Step 5: Get the Acknowledgement of the Submitted request 

On submitting the Digital Signature Certificate (DSC) details, the user will be able to get the acknowledgement pop-up with a file number showing that your request has been submitted successfully.

Conclusion 

The suspension of IEC registration can be caused due to many reasons. One of the major causes of this suspension is non-filing of annual return, suspicious trade activity or non-compliance to import export regulations. This suspension can be gained by submitting the request for revoking the IEC registration at DGFT Portal. This will help to get the IEC user a continuous process for trading the goods at international level. On submitting the request, your request would be assessed and later on necessary actions shall be taken in order to stay ahead in trading goods in the global market. 

Frequently Asked Questions

1.Is it mandatory to renew your IEC every year?

Yes, the Directorate General of Foreign Trade is mandated to renew your IEC every year. 

2.Can I revoke my IEC registration online?

Yes, you can revoke your IEC registration online via DGFT portal.

3.Is there any fee associated with revoking the IEC registration?

No, there is no fee associated with revoking the IEC registration.

4.Why would my IEC be cancelled? 

Cancellation of IEC registration is due to many reasons such as non-filing of annual returns, incorrect information on the application or suspicious trading activities. This condition implies the cancellation of IEC registration.