Import export code and treatment

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aditya

aditya (Querist)
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02 June 2015 How can apply import export code and working

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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02 June 2015 IEC Stands for IMPORTER EXPORTER CODE which contains 10 digit number issued by Director General of Foreign Trade, Department of Commerce, Government of India.

Any bona fide person/ company starting a venture for International trade of Export and Import. If any foreign transfer on account of business, IEC number is mandatory.

Import Export Code number is the primary proof of a firm as an Exporter/Importer in India. IEC number can be submitted with government authorities as a proof of exporter/importer to obtain various benefits on their exports / imports from DGFT, customs, Export Promotion Council etc.

IEC number is issued by Directory General of Foreign Trade at each regional offices where the exporter/importer situates.

Application for Grant of IEC
(a) Exporters / Importers shall file an application in ANF 2A format for grant of IEC and submit the same to jurisdictional RA. List of RAs, along with their jurisdiction is given in Appendix 1. (b) Only one IEC would be issued against a single PAN.

1. One copy of the application must be submitted.
2. Each individual page of the application has to be signed by the applicant.
3. Application must be accompanied by documents as per details given below :

i. Demand Draft of Rs.500 evidencing payment of application fee in favour of the concerned Regional
Office of DGFT. Money can also be paid through Electronic Fund Transfer (EFT).
ii. Certificate from the Banker of the applicant firm in the specified format
iii. Self certified copy of Permanent Account Number (PAN) issued by Income Tax Authorities.
iv. Two copies of passport size photographs of the applicant
v. Photograph on the bankers certificate should be attested by the banker of the applicant.
vi. Self addressed envelope and stamp of Rs. 30.
vii. These documents may be kept secured in a file cover.

The above documents may be sent by post or hand delivered at the concerned Regional Office of DGFT.