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Procedure for Updating the IEC Data
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Importer Exporter Code update procedure requires online correction, hard copy validation, and mandatory PAN for issuance.
Procedure requires making corrections to IEC data on the DGFT web portal and submitting a hard copy for post-verification. Validation at the Zonal office demands specified documentation by category: where no change is made, submit web-site hard copy, IEC photocopy, and PAN photocopy; where name/address/branch changes occur, submit Appendix I.A, Appendix II.A with stated exclusions, original IEC, PAN photocopy, web-site hard copy, and supporting documents; for other modifications, similar appendices, IEC and PAN copies, web-site hard copy, and supporting documents are required. PAN is mandatory and new IECs will not be issued without it.
Amendments/Corrections & additions in SION
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Standard Input-Output Norms amendments update permitted input norms and add product entries, altering import allowances for exports.
The DGFT Public Notice amends the Handbook of Procedures Vol.2 by substituting, deleting and adding specific Standard Input-Output Norms (SION) entries. It revises import-component lists and permitted quantities for numerous export items across Chemicals and Allied Products, Engineering Products, Miscellaneous Products, Plastic/Handicrafts and Textiles, and inserts new SION entries at designated serial numbers. Annexures A-E list the detailed replacements, additions and quantitative amendments to be incorporated into the Handbook.

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Acts Income Tax