Registration Process (Iec Number)

8/14/2019 Registration Process (Iec Number)

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REGISTRATION PROCESSREGISTRATION PROCESS

IEC NUMBERIEC NUMBER


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MEANING-IEC NUMBERMEANING-IEC NUMBER

IEC Number is unique 10 digit code issued byIEC Number is unique 10 digit code issued byDGFT Director General of Foreign Trade,DGFT Director General of Foreign Trade,

Ministry of Commerce, Government of India toMinistry of Commerce, Government of India to

Indian Companies.Indian Companies.

Full From of IEC Code is : Importer ExporterFull From of IEC Code is : Importer ExporterCode . To import or export in India, IECCode . To import or export in India, IEC

Number is mandatory. No person or entity shallNumber is mandatory. No person or entity shall

make any Import or Export without IEC Number.make any Import or Export without IEC Number.


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APPLICATION FOR GRANT OF IECAPPLICATION FOR GRANT OF IEC

NUMBERNUMBER An application for grant of IEC numberAn application for grant of IEC number

shall be made by the Registered/Headshall be made by the Registered/HeadOffice of the applicant and apply to theOffice of the applicant and apply to thenearest Regional Authority of Directoratenearest Regional Authority of DirectorateGeneral Foreign Trade, fills in the General Foreign Trade, fills in the Aayaat Niryaat Form - ANF2AAayaat Niryaat Form - ANF2A and shalland shallbe accompanied by documentsbe accompanied by documentsprescribed therein.prescribed therein.
http://iec/IEC%20NUMBER%20FORM.dochttp://iec/IEC%20NUMBER%20FORM.dochttp://iec/IEC%20NUMBER%20FORM.doc


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GUIDELINES FORGUIDELINES FOR

APPLICANTSAPPLICANTS

One copy of the application must be submitted.One copy of the application must be submitted. Each individual page of the application has to be signedEach individual page of the application has to be signedby the applicant.by the applicant.

Application must be accompanied by documents asApplication must be accompanied by documents asper details given below:per details given below: Demand Draft of Rs.1000 evidencing payment ofDemand Draft of Rs.1000 evidencing payment of

application fee in favor of the concerned regional office ofapplication fee in favor of the concerned regional office ofDGFT. Money can also be paid through Electronic FundDGFT. Money can also be paid through Electronic FundTransfer (EFT).Transfer (EFT).

Certificate from the Banker of the applicant firm in theCertificate from the Banker of the applicant firm in thespecified formatspecified format

Self certified copy of Permanent Account Number (PAN)Self certified copy of Permanent Account Number (PAN)issued by Income Tax Authorities.issued by Income Tax Authorities.

Two copies of passport size photographs of the applicantTwo copies of passport size photographs of the applicant Photograph on the bankers certificate should be attestedPhotograph on the bankers certificate should be attested

by the banker of the applicant.by the banker of the applicant.

Self addressed envelope and stamp of Rs.30.Self addressed envelope and stamp of Rs.30. These documents may be kept secured in a file cover.These documents may be kept secured in a file cover.

The above documents may be sent by post or hand The above documents may be sent by post or hand

delivered at the concerned regional DGFT office.delivered at the concerned regional DGFT office.


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DECLARATION/UNDERTAKINDECLARATION/UNDERTAKIN

GG Refer hyperlink part D Refer hyperlink part D

Aayaat Niryaat Form - ANF2AAayaat Niryaat Form - ANF2A
http://iec/IEC%20NUMBER%20FORM.dochttp://iec/IEC%20NUMBER%20FORM.dochttp://iec/IEC%20NUMBER%20FORM.doc


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IMPORTANT POINTSIMPORTANT POINTS Going through the format following importantGoing through the format following important

points emerged:points emerged:

The business organization needs to be establishedThe business organization needs to be establishedfirst. It could be a sole proprietorship, partnership,first. It could be a sole proprietorship, partnership,an HUF, a private or public ltd. Company.an HUF, a private or public ltd. Company.

The business must have a saving/current accountThe business must have a saving/current accountwith a commercial bank recognized by RBI as anwith a commercial bank recognized by RBI as anauthorized dealer of foreign exchange.authorized dealer of foreign exchange.

The business must obtain PAN from IT Dept.The business must obtain PAN from IT Dept. The business has to register itself with VAT andThe business has to register itself with VAT and

Excise authoritiesExcise authorities In case of service provider with requisite serviceIn case of service provider with requisite service

tax authoritiestax authorities

The business has to register itself with appropriateThe business has to register itself with appropriateExport Promotion Council and obtain theExport Promotion Council and obtain the

Registration-cum-Membership-Certificate (RCMC)Registration-cum-Membership-Certificate (RCMC)


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IEC CERTIFICATEIEC CERTIFICATE

Refer Hyperlink Refer Hyperlink IEC FormatIEC Format
http://iec/IEC%20format.dochttp://iec/IEC%20format.dochttp://iec/IEC%20format.doc


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EXEMPTION FROM OBTAININGEXEMPTION FROM OBTAINING

IECIEC Ministries/Departments of central or state governmentsMinistries/Departments of central or state governments Persons importing or exporting goods for personal use notPersons importing or exporting goods for personal use not

connected with trade, manufacture or agriculture.connected with trade, manufacture or agriculture.

Persons importing/exporting goods from/to Nepal, provided thePersons importing/exporting goods from/to Nepal, provided theCIF value of single consignment does not exceed IndianCIF value of single consignment does not exceed IndianRs.25000.Rs.25000.

Persons importing/exporting goods from/to Myanmar, throughPersons importing/exporting goods from/to Myanmar, throughthe Indo-Myanmar boarder areas, provided the CIF value ofthe Indo-Myanmar boarder areas, provided the CIF value ofsingle consignment does not exceed Indian Rs.25000.single consignment does not exceed Indian Rs.25000.

Importers covered by clause 3(1) and exporters covered byImporters covered by clause 3(1) and exporters covered byclause 3(2) of the Foreign Trade (Exemption from applicationclause 3(2) of the Foreign Trade (Exemption from application

of Rules in certain cases) Order, 1993.of Rules in certain cases) Order, 1993.


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IEC NUMBER FOR DIFFERENTIEC NUMBER FOR DIFFERENT

CATAGORIESCATAGORIES

Refer to Hyperlink Refer to Hyperlink CategoriesCategories
http://iec/catagories%20iec.dochttp://iec/catagories%20iec.dochttp://iec/catagories%20iec.doc


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VALIDITY OF IEC CODE NOVALIDITY OF IEC CODE NO

The IEC Number once allotted remains The IEC Number once allotted remainsvalid unless it is surrendered by thevalid unless it is surrendered by the

allottee or cancelled/suspended by theallottee or cancelled/suspended by theissuing authority.issuing authority.

The IEC Number issued to an applicant willThe IEC Number issued to an applicant willbe valid for all its branchbe valid for all its branch

offices/units/factories/division as indicatedoffices/units/factories/division as indicatedon IEC Certificate.on IEC Certificate.


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DUPLICATE COPY OF IECDUPLICATE COPY OF IEC

NUMBERNUMBER Where an IEC Number is lost orWhere an IEC Number is lost or

misplaced, the issuing authority maymisplaced, the issuing authority may

consider requests for grant of aconsider requests for grant of aduplicate copy of IEC number, ifduplicate copy of IEC number, if

accompanied by an affidavit.accompanied by an affidavit.


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MODIFICATIONS IN ORIGINALMODIFICATIONS IN ORIGINAL

IEC NUMBERIEC NUMBERThere may be circumstances requiring change inThere may be circumstances requiring change in

particulars in the original IEC Number, such asparticulars in the original IEC Number, such aschange in name, address, form of businesschange in name, address, form of businessorganization.organization.

In such cases the allottee must report theIn such cases the allottee must report thechanges required in the prescribed form within 60changes required in the prescribed form within 60days of such changes, failing which he may losedays of such changes, failing which he may losehis rights of export-import as authorized by thehis rights of export-import as authorized by theissue of IEC Number by the DGFT.issue of IEC Number by the DGFT.

However, the issuing authority has the power toHowever, the issuing authority has the power tocondone his delay and may impose a fine ofcondone his delay and may impose a fine ofRs.1000 to penalize for the delay.Rs.1000 to penalize for the delay.


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SURRENDER OF IEC NUMBERSURRENDER OF IEC NUMBER

If an IEC holder does not wish to operate theIf an IEC holder does not wish to operate theallotted IEC number, he may surrender theallotted IEC number, he may surrender the

same by informing the issuing authority.same by informing the issuing authority.

On receipt of such intimation, the issuingOn receipt of such intimation, the issuingauthority shall immediately cancel the sameauthority shall immediately cancel the same

and electronically transmit it to DGFT forand electronically transmit it to DGFT foronward transmission to the Customs andonward transmission to the Customs and

Regional Authorities.Regional Authorities.

ANNUAL RETURN OF IECANNUAL RETURN OF IEC


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ANNUAL RETURN OF IECANNUAL RETURN OF IECNUMBERNUMBER The modification of 31.3.2003 has made it The modification of 31.3.2003 has made it

compulsory for the IEC holder to file a annualcompulsory for the IEC holder to file a annual

return giving details of export-import made by himreturn giving details of export-import made by himin the preceding year by the 30in the preceding year by the 30thth of June of eachof June of eachyear.year.

This return needs to be filed with the website This return needs to be filed with the websitewww.nic.in/eximpolwww.nic.in/eximpol , electronically, failing which his, electronically, failing which hisIEC Number shall be blocked till such time that heIEC Number shall be blocked till such time that hefiles this return.files this return.

In case the IEC allottee has not undertaken anyIn case the IEC allottee has not undertaken any

export-import transactions in preceding licensingexport-import transactions in preceding licensingyear, his IEC Number shall become inoperative foryear, his IEC Number shall become inoperative forthe next year, that is from the 1the next year, that is from the 1stst of July.of July.

However, the allottee can get his IEC NumberHowever, the allottee can get his IEC Number

reactivated by applying to the issuing authorityreactivated by applying to the issuing authoritywith a fine of Rs.500.with a fine of Rs.500.

Documents

Registration Process (Iec Number)