Directorate General of Foreign Trade has started
operationalizing online filing of Importer Exporter Code (IEC) applications,
online processing and issue of e-IECs in digital format. Now new entrepreneurs/exporters/importers
can apply online for issue of new IEC from the comfort of their home/IT Kiosk
with no more visits to the Regional Authority's office required, and upload the
documents and pay the required fee through Net banking.
Even the processing of such applications by Regional
Authority of Directorate General of Foreign Trade (DGFT) would be done online
(no paper work in the office; less storage space required and no misplaced
documents) and the digitally signed e-IEC (no more IECs in physical form) would
be issued/emailed to the applicants within two working days.
In case the application is incomplete or otherwise
ineligible, the same shall be rejected and an auto generated Rejection
letter/email (with reasons for rejection) would be sent to the applicant -
within two working days only. There would not be any 'Deficiencies letters' now
(no more discretion at the level of RAs and consequent elimination of possible
delays and corruption).
Efforts are underway to allow/enable payment of fee
through Debit/Credit cards, which would further facilitate this process. Once
implemented the Online system would be made mandatory. However, till such time
payment through Debit/Credit cards is enabled, the existing offline/manual
system has also been allowed side by side, in order to facilitate those
applicants who do not have Net banking facility.
Efforts are also underway for message
exchange/integration of our system with Income Tax department and Ministry of
Corporate Affair for verification of PAN and DIN/CIN details respectively. Once
implemented, this would further reduce the processing time of e-IEC
applications at RA level (possibly one day only).
This is an important and path breaking initiative by
Department of Commerce/DGFT towards "Digital India" vision of Prime
Minister of India and "Ease of Doing Business".
What is Import
Export Code (IEC) and How to obtain IEC number?
I have
explained briefly about Import Export Code (IEC) number under my article
- How to set up an export import
firm in India. However, some of the readers need more
clarifications about IE code and here; I have included their doubts about
IEC number. Read below about Import Export Code number in detail.
What is
IMPORTER EXPORTER CODE number used in Export Import business?
IEC Stands for IMPORTER EXPORTER CODE which contains 10 digit number
issued by Director General of Foreign Trade, Department of Commerce,
Government of India.
Who requires
an Importer Exporter Code?
Any bona fide person/ company starting a venture for International trade of
Export and Import. If any foreign transfers on account of business, IEC
number is mandatory.
Can Export
/Import be made without IEC?
No. IEC forms a primary document for recognition by Govt. of India as Exporter
/ Importer. However, if value of goods is very law, the concerned customs
officer may permit first export (only one time) by imposing
penal charges.
What are the
benefits of IE code ?
IE Code number is the primary proof of a firm as an Exporter/Importer in India.
Import Export Code number can be submitted with government authorities as a
proof of exporter/importer to obtain various benefits on their exports /
imports from Directorate General
of Foreign Trade (DGFT), customs, Export Promotion Council etc.
Where to obtain
an Import Export Code ?
IEC number is issued by Directory General of Foreign Trade at each regional
offices where the exporter/importer situates.
How to apply
for an Importer Exporter Code?
The necessary application for IEC number can be downloaded from Directorate General of Foreign Trade
(DGFT) website and follow procedures.
Can
I apply Import Export Code application by online?
Yes, the application can be filed for issue of new Importer
Exporter code.
Do I need to
fill Import & Export Form after submission of online data ?
No, after filing application online, take a print out and attach the necessary
documents submit. There are no additional requirements for filling form.
What are the
documents needed for an IEC application ?
Document are
listed below (Please reconfirm with the authorities, as these information can
be changed amended time to time)
1. Bank Receipt / Demand Draft details
evidencing payment of application fee of Rs. 1000/-. DD should be in
favour of Zonal JDGFT, New Delhi.
2. Certificate from the Banker of the
applicant firm in the format given in Appendix 18 A (Part B).
3. Self-certified copy of Permanent
Account Number (PAN) issued by Income Tax Authorities.
4. Two copies of passport size photographs
of the applicant. Photograph on the bankers certificate should be attested by
the banker of applicant.
5. Self-addressed envelope duly stamped
for Rs.25/- (Amount may differ time to time; you may get exact amount
from issuing authority)
6. These documents may be kept securely in
a file cover.
Can Bank
Certificate be from any of my current accounts in the same name of firm to
apply for Import Export Code number?
No, such bank
certificate should be the bank through which you are going to transact your
export import procedures and formalities with foreign buyers.
Why is
addressed and stamped envelope required along with application for Import
Export Code number?
The letter containing the IEC number is sent to the applicant in such envelope.
Should I need
to attest PAN number from any gazette officers/notary while applying for
IEC number?
No, you can self-attest the copy of PAN, when applying for Import Export code
number.
What is the fee
for fresh iec Application?
Application fee
is Rs. 1000/- which can be paid through Demand Draft / Pay Order to apply
for Import Export Code.(Amount may differ time to time; you may get exact
amount from issuing authority)
What is fee for
Modification in Importer Exporter Code?
No fee is chargeable for modification in Importer Exporter Code, if informed
within 90 days of such changes. After 90 days, a fee of Rs.1000/-
charged.
What is the fee
for issuance of duplicate iec?
Rs.200/- payable in for D.D./TR. (Amount may differ time to time; you may get
exact amount from issuing authority)
Is PAN Number / PAN card is essential in Import Export Code? What are the
alternatives?
Yes, PAN is mandatory. Photocopy of PAN card has to be submitted along with the
application of Import Export Code. If PAN card is not issued to the applicant
then a copy of PAN allotment letter from I.T. Department will also be accepted.
Do I have to
show PAN Card for verification in IEC?
No. Only one
Import Export Code would be issued against a single PAN number. Any proprietor
can have only one IEC number and in case there are more than one Import Export
CodeS allotted to a proprietor, the same may be surrendered to the Regional
Office for cancellation.
What is the
duration of to get an Import Export Code after filing application for
Import Export Code number?
Normally IEC
number is issued within a couple of days, if all documents are in order.
However, you can expect IEC number by post within 10 days by mail.
Can Import
Export Code be hand delivered / over the counter?
No, IEC’s issued are dispatched through Speed Post.
Why Import
Export Code number is sent by mail?
As per the authorities, this is one of the procedures for address verification
of Exporter/Importer.
Is there any
Tatkal Scheme in iec number?
No. As explained above, the authorities issues Import Export Code number within
hours of receipt of proper applications.
How many days
are required to send the data to Customs?
The data is automatically transmitted electronically on the day of issue of
Import Export Code.
Should I need to register iec number once again with concerned customs
department to do exports and importer?
No. However,
you may cross check and confirm about such electronic transition from
Directorate General of Foreign Trade (DGFT) to CUSTOMS about the details of
your Import export code number.
Does Custom department use Import Export Code?
Yes, IEC number
need to be reflected in all customs
Can I know the
status of Import Export Code application through the website?
Yes, click on option
“Status of IEC application”.
Can Import
Export Code data be modified after submission of application through the
website?
No, only before
submission data can be modified.
NRI – How an applicant (NRI) can apply Import Export Code?
NRI has to
follow the normal application procedure. In addition permission from RBI/FIPB
is needed in some cases.
Documents requited to be submitted for a foreign national for
obtaining Import Export Code (documents needed)?
Board
Resolution, Memorandum of Association, copy of Passport are required.
Do Foreigners require residence in India to obtain IEC number?
Not necessary.
Can I surrender
IEC number if I do not wish to operate as Exporter Importer?
Yes, you can
surrender such Import Export Code number to the concerned authorities.
The issuing authority shall cancel such IEC and transmit electronically to Directorate General of Foreign Trade
(DGFT) and customs authorities.
In case the IEC
is received undelivered, what are the documents required for proving the genuineness
of the firm?
Information to
Post Office, copy of Telephone Bill, Electricity Bill, copy of Rent Deed etc.
(any one) is required to confirm about the genuineness of the address.
Why PAN
Card’s (both side) is required?
To identify
issuing authority’s address.
Does one need
authority letter at the time of submission of application of Import Export
Code?
No.
What are
the documents required for issue of Duplicate Import Export Code?
Dully filled
application form along with application fee of Rs.200/-, a copy of FIR and an
affidavit on stamp paper of Rs.10/- duly notarized.
Can a we apply online for issue of duplicate Import Export Code?
No.
Can a Public
Limited Co. / Private Limited Co./ Partnership obtain different IECs for
different concerns owned by it ?
No. However,
the name of each concern owned by such a company may be included in the Import
Export Code of the firm in whose name PAN exists, as a branch.
Whether Import Export Code has to be re validated after a period of time?
No, Import
Export Code need not be re-validated if the PAN is incorporated in it,
but the same needs to be updated for changes in name / address / constitution.
What is to be done after obtaining the amended / online/new Import Export Code?
The Exporter /
Importer should check the “BUSINESS IDENTIFICATION NUMBER” on Import Export
Code STATUS AT CUSTOMS (BIN) for new Import Export Code holders /IECs updated
with PAN and on VIEW YOUR Import Export Code in case of modified IECs. The
above status should also be confirmed from the EDI system of the concerned
Customs authority before effecting any Import or Export.
I need to
import goods for personal purpose, not related to trade, agriculture or
manufacture.
Should I need
to obtain IEC number?
No, import of personal purpose not related to trade, agriculture or
manufacture is exempted to obtain Import Export Code number. I would like
to import goods from Nepal with a CIF value of single transaction about INR
20000.00.
Should I need
an iec number?
No, Import from Nepal with CIF value of single transaction below INR
25000 is exempted from obtaining IEC number. (Please reconfirm the
value, which may be amended time to time by government)
I need to
export goods for personal purpose, not related to trade, agriculture or
manufacture.
Is the
requirement of Import Export Code item based?
No, Import Export Code is permanent document issued to the Importer /Exporter
only once and the same is not item based. The Exporter / Importer can venture
into any item of Import / Export based on the Import Export Code issued.
Is any Importer / Exporter exempted from obtaining Import Export Code No.?
Yes, the
categories of importers or exporters shown at Para 2.8 of Hand Book of
Procedures Vol.1 (2002-2007) are exempted from obtaining Import Export Code No
.
What should an
exporter do if he does not wish to operate the allotted Import Export Code
Number?
He may
surrender the original Import Export Code by informing this office and on
receipt of such intimation; this office shall immediately cancel the same and
electronically transmit.
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