The DGFT made changes to IEC. Now IEC holders are required to ensure to update IEC electronically every year during April-June period.Even in case of no change, it is required to confirm online. Non complaince will lead to deactivation.
Cap /Ceiling on MEIS Benefits: For exports for the period from 01.09.2020 to 31.12.2020 benefits restricted to Rs. 2 cr per IEC.Not eligible if no export during period 01.09.2019 to 31.08.2020 and new IEC holder registered after 01.09.2020.Not eligible wef 01.01.2021