DGFT has provided that an IEC holder has to ensure that details in its IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details same also needs to be confirmed online.
An IEC shall be de-activated, if it is not updated within the prescribed time. IEC so de-activated may be activated, on its successful updation.
An IEC may also be flagged for scrutiny. IEC holder(s) are required that any risks flagged by the system are timely addressed; failing which the IEC shall be deactivated.