As per the statement made by the Directorate General of Foreign Trade on July 13, a new digital platform will be launched that will cater to the services relating to the issuance of Import Export Code, modification, amendment processes along with a chatBot. It will be compulsory for every company on a business to get Import Export Code for dealing with imports and exports.
The platform is aimed to help traders electronically file their application related to IEC, various export schemes such as advance authorization and Export Promotion Capital Goods (EPCG), monitoring the status of the application, and raising queries among other services related to the Foreign Trade policy.
“Other online modules relating to Advance Authorisation, EPCG, and Exports Obligation Discharge which are part of the next phase will be rolled out subsequently after the first phase stabilizes,” DGFT said in a trade notice.
The users will be able to monitor the status of their applications and the pending obligations thereof. These numerous features should significantly benefit the trade community.
