How to apply IEC import export code number in India

If someone starts the business of import and export one need to apply and get IMPORT EXPORT CODE number which is also called (IEC NUMBER) in India. Today there is a lot of potential in import and export business as in this business manufactures as well as traders get a very big market to purchase or sale the goods with big money into the pocket. The data of import and export are very rising every year.

 Earlier, import and export were considered very risky as well as high legal formalities but now a day’s government made it so easy that anyone can do this business. Government also makes some exceptions like income from export business are exempted to some extend to the income tax as well as there is no VAT/SALES TAX on export. Government also allows importing some duty free raw material in various circumstances as well as time to time. So for applying & getting IEC number in India there is a procedure to which you will get IEC number very soon & without any headache. The procedure become simpler with the policy circular no. 15(RE-2006) dated 27^th July 2006.

Eligibility & other provision for IEC

1- No import and export will be made without a valid IEC number unless exempted.

2- An application for grant of IEC number shall be made by the Registered/Head Office of the applicant to the licensing authority concerned (to the office of the Zonal Joint Director General of Foreign Trade, Mumbai if the Registered/Head office of the applicant is located in the form specified in Appendix 2A below and shall be accompanied by documents prescribed therein.

3- The IEC number will be valid for its all braches mentioned in IEC.

4- If the IEC code misplaced, the holder can request for duplicate number with an affidavit.

5- If IEC user wants to surrender the number he can request issuing authority and the authority will immediately informs the entire channel that IEC number is inactive.

Paper required for getting IEC

1- Request letter on company’s letter head.

2- Application in appendix 2 and appendix 3 format duplicate.

3- Application fees of Rs, 1000 in favouring of licensing office.

4- Bank certificate duly signed by bank manager on bank’s letter head.

5- Pan card copy

6- Self addressed envelop with stamp of Rs. 25.

7- Signature in declaration.

8- Two colored passport sized photos.

9- All documents should be self attested.

10- All pages of the application form should be duly signed by the applicant.

11-IEC code is 10 digit numeric code issued by DGFT (Director General of Foreign Trade) Ministry of commerce on behalf of government of India.

 

There are two ways to submit the application.

- Online

- Physical way.

Online procedure:-

One can submit the online application to DGFT website dgft.gov.in this website is designed to submit online application and one need to submit information as well as scanned copy of all the documents required.

For payment if the payment mode is demand draft IEC code will be generated after getting all the documents including demand draft and if the payment mode is electronic transfer or net pay the IEC code is generated and one can see it in DGFT website. The IEC code with documents will be send in postal within 24 hours from the receiving of application in physical mode.

There are some exceptions of IEC means to which import and export doesn't require IEC  number these are on this table.

For physical mode one need to post or handed to concerned regional office of DGFT with all the documents told above in physical way and after receiving all the documents required the IEC code will be issued normally in two working days

CodeNumber Categories of Importers/Exporters 100000011 All Ministries/Departments of the Central Government and agencies wholly or partially owned by them. 100000029 All Ministries/Departments of the State Government and other agencies wholly or partially owned by them. 100000037 Diplomatic personnel, Counselor offices in India and the officials of the UNO and its specialised agencies. 100000045 Indians returning from/going abroad and claiming benefit under the Baggage Rules. 100000053 Persons/Institutions/Hospitals importing or exporting goods for their personal use not connected with trade or manufacture or agriculture. 100000061 Persons importing/exporting goods from/to Nepal provided the CIF value of a single consignment does not exceed Indian Rupees 25,000/-. 100000070 Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas provided the CIF value of a single consignment does not exceed Indian Rupees 25,000/-. 100000088 Ford Foundation 100000096 Importers importing goods for display or use in fairs/exhibitions or similar events under the provisions of ATA carnet. 1000000100 Director, National Blood Group Reference Laboratory, Bombay or their authorised offices. 1000000126 Individuals/Charitable Institutions/Registered NGOs importing goods, which have been exempted from Customs duty under the Notification issued by Ministry of Finance for bonafide use by the victims effected by natural calamity.

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