What Is IEC code?
IEC code stands for Import Export Code. It is a ten-digit license code required by companies or individuals to begin an import-export business in India. It is also necessary for availing benefits under schemes like MEIS and SEIS.
The DGFT (Director General of Foreign Trade), Department of Commerce, Government of India provides applicants with this code after a thorough analysis of their application.
How To Apply For IEC code?
There are specific regulations laid down by the government of India that need to be followed and furnishing the correct documents is one of them. Here is a brief run-through of the documents required along with the IEC application.
First, download the IEC application form online from the DGFT website. The application form should be ANF 2A. You can also fill out the form online now.
You will require the following list of documents alongside the form:
- Current Bank Account Details
- Self-attested copy of the PAN (permanent account number ) card
- Banker’s Certificate
- Two copies of the passport-size photograph of the applicant that is duly attested by the banker of the applicant
- Covering letter on the letterhead of the applicant’s company to request the issue of new IEC certification
These documents will help to justify your identity as an individual or a private limited company to get the IEC code without much hassle.
Next, submit the form and above-listed documents with an application fee of Rs. 250 /-.
When applying online, upload the scanned copies of all documents and make an electronic(online) payment for the application fee to DGFT.
Whereas, in the offline application, submit a demand draft of Rs. 250/-, payable to the Regional Office of DGFT. Following this, send the certificate and receipt of the demand draft along with copies of documents in person to the nearest DGFT office.
Also, attach a self-addressed envelope along with a Rs. 25/- postal stamp for delivery of the IEC certificate through registered post or challan/DD of Rs.100/- for speed post. The physical application should reach the DGFT office within 15 days of the online submission of the form.
No. IEC works for both import and export operations.
No. You do not need to file any returns for IEC as there are no post-registration requirements.
The IEC code is not required when the import and export are done by the government or certain non-profit organizations, or when personal use items are imported and exported.
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What is the format of bankers certificate
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