Verification of IEC numbers mandates monthly physical audits and suspension or disabling of codes upon discrepancies. Regional Authorities must physically verify 10% of IECs issued each month, prioritising applicants with recently opened bank accounts and proprietorship/partnership firms. Verifications are to be completed in the month after issuance by two-official teams led by at least an FTDO. On discovering discrepancies, RAs must immediately suspend or disable the IEC on the EDI system and pursue follow-up action; IEC certificates are to be sent by registered post, and any certificate returned undelivered requires disabling the code and conducting an antecedent check before reactivation. Monthly verification reports must be sent to DGFT (HQ), ECA Division.
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Verification of IEC numbers mandates monthly physical audits and suspension or disabling of codes upon discrepancies.
Regional Authorities must physically verify 10% of IECs issued each month, prioritising applicants with recently opened bank accounts and proprietorship/partnership firms. Verifications are to be completed in the month after issuance by two-official teams led by at least an FTDO. On discovering discrepancies, RAs must immediately suspend or disable the IEC on the EDI system and pursue follow-up action; IEC certificates are to be sent by registered post, and any certificate returned undelivered requires disabling the code and conducting an antecedent check before reactivation. Monthly verification reports must be sent to DGFT (HQ), ECA Division.
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