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of <h1>DGFT Launches Online System for Importers and Exporters to File Applications, Requires IEC Updates by December 31, 1999.</h1> The Director General of Foreign Trade (DGFT) has initiated an electronic system for importers and exporters to file applications and check the status of their licenses online, aiming to enhance efficiency and connectivity with Customs. This project includes setting up a comprehensive database of Importer Exporter Codes (IECs). Users must update their IEC information online and submit a hard copy to the licensing authority by December 31, 1999, to avoid penalties. The updated information, including mandatory PAN details, is crucial for customs clearance. Failure to provide a hard copy post-update will result in no verification by the licensing authority.
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