{"id":941,"date":"2015-02-18T00:00:00","date_gmt":"2015-02-17T18:30:00","guid":{"rendered":""},"modified":"2015-12-30T14:54:22","modified_gmt":"2015-12-30T09:24:22","slug":"multiple-iecs-against-a-single-pan-is-need-to-surrendered-before-31-3-2015","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/exim\/multiple-iecs-against-a-single-pan-is-need-to-surrendered-before-31-3-2015\/","title":{"rendered":"Multiple IECs against a single PAN, is need to surrendered before 31.3.2015"},"content":{"rendered":"

<\/a>To be published
\nin the Gazette of India Extraordinary<\/span> <\/span><\/strong><\/p>\n

(Part-I, Section-I) <\/strong><\/p>\n

Government of India <\/strong><\/p>\n

Ministry of Commerce & Industry <\/strong><\/p>\n

Department of Commerce <\/strong><\/p>\n

Directorate General of Foreign Trade <\/strong><\/p>\n

Udyog Bhawan, New Delhi- 110 011<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n

Public Notice No. 87 (RE-2013)\/2009-2014 <\/p>\n

New Delhi, dated the 17th<\/sup> February, 2015<\/p>\n

 <\/p>\n

Subject:          Cancellation of validity of Multiple
\nIECs against single PAN \u2013 reg.<\/p>\n

 <\/p>\n

The para 2.9(b) of the Handbook of Procedure (HBP-Vol.I)
\n(2009-2014) provides for only one IEC against a single PAN. However, it has
\nbeen noticed from the centralised IEC data bank that multiple IECs have been
\nobtained by some firms\/companies from various Regional Authorities of DGFT
\nagainst the single PAN. This requires corrective action for maintaining
\nconsistency with policy and data integrity.<\/p>\n

 <\/p>\n

2.
\nTherefore, in exercise of powers conferred under paragraph 2.4 of the Foreign
\nTrade Policy (2009-2014), the Director General of Foreign Trade hereby amends
\npara 2.9(b) of HBP(Vol.I) (2009-14) as under:<\/p>\n

 <\/p>\n

\u201c2.9.(b): Only one IEC shall be issued
\nagainst a single PAN. Multiple IECs issued against a single PAN will be
\ndeactivated suo-moto after 31.03.2015.\u201d<\/p>\n

 <\/p>\n

3. Accordingly, all Importers\/exporters having multiple
\nIECs against a single PAN have the option of retaining any one IEC and
\nsurrender all other IECs to the concerned RAs by 31.03.2015 for cancellation.<\/p>\n

 <\/p>\n

4.            
\nEffect
\nof Public Notice <\/p>\n

 <\/p>\n

Multiple IECs against a single PAN, if
\nnot surrendered before 31.3.2015, will be deactivated.<\/p>\n

 <\/p>\n

 <\/p>\n

(Pravir Kumar)<\/p>\n

Director
\nGeneral of Foreign Trade<\/p>\n

 <\/p>\n

E-mail:dgft@nic.in<\/p>\n

 [F.No.01\/93\/180\/20\/AM-13\/PC-2(B)]<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

To be published in the Gazette of India Extraordinary  (Part-I, Section-I)  Government of India  Ministry of Commerce & Industry  Department of Commerce  Directorate General of Foreign Trade  Udyog Bhawan, New Delhi- 110 011     Subject:          Cancellation of validity of Multiple IECs against single PAN \u2013 reg. The para 2.9(b) of the Handbook of Procedure … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[221],"yoast_head":"\nMultiple IECs against a single PAN, is need to surrendered before 31.3.2015 - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/exim\/multiple-iecs-against-a-single-pan-is-need-to-surrendered-before-31-3-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multiple IECs against a single PAN, is need to surrendered before 31.3.2015 - All About Finance\" \/>\n<meta property=\"og:description\" content=\"To be published in the Gazette of India Extraordinary  (Part-I, Section-I)  Government of India  Ministry of Commerce & Industry  Department of Commerce  Directorate General of Foreign Trade  Udyog Bhawan, New Delhi- 110 011     Subject:          Cancellation of validity of Multiple IECs against single PAN \u2013 reg. 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