Import & export code

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Anilkumar (Querist)
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21 February 2013 Dear Sir/Madam,

Let me know About
1)What is I & E Code
2)who has to acquire?
3)how can it acquire & with whom i have to register?
4)Fee Details
5)How to File Returns?

Please give me the Full details Regarding Import & Export Code

Please do the needful sir

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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23 February 2013 Full From of IEC Code is : “Importer Exporter Code ”. To import or export in India, IEC Code is mandatory. No person or entity shall make any Import or Export without IEC Code Number.

as per PARA 2.8(iii) an exporter importer who wanted to import export for personal / agriculture purpose does not require IEC CODE.

Directorate General of Foreign Trade(DGFT) issued a Policy Circular No.15 (RE-2006)/2004-2009 Date: 27th July, 2006) for New System for issuance of Importer-Exporter Code Number.

An application for grant of IEC number shall be made by the Registered/Head Office of the applicant and apply to the nearest Regional Authority of Directorate General Foreign Trade, the Registered office in case of company and Head office in case of others, falls in the ‘Aayaat Niryaat Form - ANF2A’ and shall be accompanied by documents prescribed therein. In case of STPI/ EHTP/ BTP units, the Regional Offices of the DGFT having jurisdiction over the district in which the Registered/ Head Office of the STPI unit is located shall issue or amend the IECs.

Only one IEC would be issued against a single PAN number. Any proprietor can have only one IEC number and in case there are more than one IECs allotted to a proprietor, the same may be surrendered to the Regional Office for cancellation.

Application Fee For IEC Code Number

Application Fee : Rs 250.00

Mode of Payment
: In Demand Draft of any Bank or Payment through EFT ( Electronic Fund Transfer by Nominated Bank by DGFT Like HDFC Bank, ICICI Bank, State Bank of India, UTI Bank, Punjab National Bank, Central Bank etc) or Application fee can deposited by TR6 Challan with Duplicate Copy in any branch of Central Bank of India and TR6 Challan need to be submit along with IEC Code Application.

Mandatory Requirements to apply for IEC Code Number

PAN Number
Current Bank Account
Bankers Certificate
IEC Code Number
Application Fee
Rs 250.00
(Expert TIP : Pay via EFT (Electronic Fund Transfer ), and submit IEC Online Application form, If you wish to receive IEC Number instantly)
The physical application containing required documents should reach DGFT RLA concerned within 15 days of its online submission.
E-mail is not mandatory. If it is provided it will facilitate faster communication.

Check List of Documents to apply for IEC Code

Covering Letter on your company's letter head for issue of new IEC Code Number.
Two copies of the application in prescribed format (
Aayaat Niryaat Form ANF 2A
) must be submitted to your regional Jt.DGFT Office.
Each individual page of the application has to be signed by the applicant.
Part 1 & Part 4 has to be filled in by all applicants. In case of applications submitted electronically.
No hard copies of Part 1 may be submitted. However in cases where applications are submitted otherwise, hard copy of Part 1has to be submitted.
Only relevant portions of Part 2 need to be filled in.
Rs 250.00 Bank Receipt (in duplicate)/Demand Draft/EFT details evidencing payment of application fee in terms of
Appendix 21B.
Certificate from the Banker of the applicant firm in the format given in
Appendix 18A.
Self certified copy of PAN issuing letter or PAN (Permanent Account Number) Card issued by Income Tax Authority.
Two copies of passport size photographs of the applicant duly attested by the Banker of the applicant.
Self addresses envelope with Rs.25/- postal stamp for delivery of IEC certificate by registered post or challan/DD of Rs.100/- for speed post.

FOR UPDATION MUST READ:

https://www.caclubindia.com/share_files/iec-issuance-updation-information-48730.asp#.UShjd_L7crc

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