Well There are 3 mode to update a record. Every APDU consists of 5 bytes First byte is class then INS then P1,P2 and Length. In your case:-
Class - '00'
INS - 'DC'
P1 - '00'
p2 - '03'
Length - '08'
Now mode is decided by P2.
'02' = next record;
'03' = previous record;
'04' = absolute mode/current mode, the record number is given in P1 with P1='00' denoting the current record.
Now suppose you are at record number 2 and you want to update 3rd record then you will give P2 as '02' and if you want to update 1 record then you will give P2 as '03'. If you want to update the same 2nd record give P1='00' and P2='04'. If you want to update 6th record then give P1='06' and P2='04'.
Please ask if you want more clarification.