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.
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:
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.
Customers rarely buy from brands they do not recognise. There is a simple reason behind…
A strong idea is a good starting point, but it is rarely enough to build…
If you sell online, label printing is more than just a task. It is a…
Business diversification is a method that many growing businesses use to expand beyond their current…
Many businesses are now investing in video landing pages to grab user attention and make…
Running a service business can be stressful when every client wants something different. Productising your…