IEC Certificate is issued by Directorate General of Foreign Trade (DGFT) which comes under Ministry of Commerce and Industry, Government of India.
Any alteration or change made in the existing details of business leads to modification in IEC.
It needs to be modify before DGFT immediately after the changes in details of Business.
In case of any change in Business Details, it is mandatory to intimate the DGFT. In the case of non-intimation, it may cause cancelation of IEC and in some cases may result in pecuniary action as well.