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of <h1>Foreign Trade Procedure Chapter 9: Update IEC Changes in 90 Days, Penalties for Delays, Exporter Support Available</h1> Chapter 9 of the Foreign Trade Procedure outlines various procedures for importers and exporters. IEC holders must update changes in name or constitution within 90 days, with a penalty for delays. Import authorizations denote values in both Rupees and convertible currencies, with specific rules for ACU countries and domestic supplies. Late applications incur penalties, and supplementary claims face a 2% cut. Importers/exporters must provide information upon request, maintain consumption registers, and seek clarifications through DGFT. Export Facilitation Centres and Grievance Committees aid exporters, while Counter Assistance ensures prompt application processing. Specific timelines are set for application disposal, and shipment dates are defined by transportation mode. The DGFT holds the power to review subordinate decisions.
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