Annual Compliance
IEC Code Renewal.
IEC Code Renewal means confirming and updating your IEC details once every financial year on the DGFT portal. Avoid customs delays and bank transaction freezes.
The Renewal Window
IEC code renewal must be done every year between April 1 and June 30. This is a fixed, statutory timeframe for all businesses.
Consequence of Missing DeadlineCode Becomes Inactive on July 1
What Happens If You Skip?
Shipment Delays
Customs authorities will block your goods from entering or leaving ports, leading to massive demmurage charges.
No Payment Processing
Authorized Dealer Banks will refuse to process international SWIFT transactions without an active IEC.
Loss of Subsidies
To claim export incentives, subsidies, or tax refunds (like RoDTEP), your IEC must be active and up-to-date.
Data Discrepancy
Renewal allows you to sync any changes in your business name, address, or bank details to match customs records.