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of <h1>New DGFT Circular: Mandatory Online IEC Returns, Deadline Extended to Oct 31, Non-compliance Leads to Deactivation.</h1> The circular issued by the Director General of Foreign Trade provides clarification on filling information in Importer/Exporter Code (IEC) returns. It outlines the mandatory submission of returns online and specifies the format available on the designated website. The notice details how to report foreign exchange earnings, rank exports by product and continent, and convert currency values for the fiscal year 2002-03. It amends the deadline for filing returns to October 31 and states that failure to comply will result in deactivation of the IEC. Reactivation requires a fee and submission of requisite data.
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