Importer-Exporter Code annual update requirement: failure to update triggers deactivation, reactivation on successful updation, with system scrutiny also causing deactivation. DGFT formalises e-IEC issuance and an entirely online process for IEC generation and updation. IEC holders must confirm or update IEC details electronically each year during the annual update period; failure to do so will result in de-activation, which may be reversed upon successful updation. IECs may also be flagged for system scrutiny, and unaddressed flags can trigger deactivation. These procedural changes replace prior sub-paragraphs and operate without prejudice to other actions under the Foreign Trade Policy.