» Getting Import Export Code (IEC)
Every Company/person importing and exporting goods require an Import export code (IEC) number. If you want to start import/export then it is must for you to have an import export code (IEC) number. In India DGFT (Director General of Foreign Trade) issue the Import Export Code (IEC) number. Import Export Code number is unique 10 digit code number.
The import export code (IEC) number is issued by the regional office of the DGFT known as Regional Licensing Authority. Application for Import Export Code (IEC) number should be made in the prescribed form of the regional office having territorial jurisdiction over the applicant.
IF a company/firm having branches then only the head office or registered office of the company/firm applies for allotment of the import export code (IEC) number. The branch offices will use the import export code (IEC) number allotted to his head office/ registered office.
Documents required for Import Export Code (IEC) number
The following documents are to be submitted along with the application for the issue of import exports code (IEC) number.
* Two copies of the T.R-6 from showing the payment of fee of Rs 1000. You can also pay this fee in the form of demand draft in favor of Regional Licensing authority.
* Certificate from a banker in the prescribed form.
*Three passport size photo of the applicant, attested by Gazetted Officer or Bank Manger. Two photos are to be affixes on the import export code (IEC) form and third is to be attached.
* Prescribed declaration on company/firm's letterhead regarding non-resident interest and caution listing by RBI or DGFT
* Authority letter in the case of Partnership Firm/resolution of the board of directors in the case of (private limited/public limited), to authorize the person singing the application
* Copy of PAN Card
you can also deposit the fee in the notified branches of the Central Bank Of India. The import export code (IEC) number allotted to a company will be valid for import/export of any product by the company and will de valid till it is revokes. If you don't make even a single shipment in a year then DGFT will block your import export code (IEC) number.
Whenever there is any change in the name, address and constitution of an import export code (IEC) number holder, such changes should be intimated to the licensing authority concerned (which issue the IEC number) within 60 days from the date of change.
Surrender Of Import Export Code (IEC) Number
If an IEC holder does not wish to operate the allotted IEC number, he may surrender the same by informing the issuing authority. On receipt of such intimation, the issuing authority shall immediately cancel the same and electronically transmit it to DGFT for onward transmission to the Customs and Regional Authorities.
» Import Export Code Number : Exempted Categories
The following categories of importers or exporters are exempted from obtaining import export code (IEC) number:
* Importers covered by clause 3 (1) [except sub-clauses (e) and (l)] and exporters covered by clause 3(2) [except sub-clauses (i) and (k)] of the Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993.
* Ministries/Departments of the Central or State Government.
* Persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture.
* Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas provided the CIF value of a single consignment does not exceed Indian Rs.25,000.
* Persons importing/exporting goods from/to Nepal provided the CIF value of a single consignment does not exceed Indian Rs.25,000.
However, the exemption from obtaining Importer-Exporter Code (IEC) number shall not be applicable for the export of Special Chemicals, Organisms, Materials, Equipments and Technologies (SCOMET) as listed in Appendix- 3, Schedule 2 of the ITC(HS) except in the case of exports by category(ii) above. The following permanent IEC numbers shall be used by the categories of importers/ exporters mentioned against them for import/ export purposes..
» Important link related to import export code (IEC) number
Check your Import Export Code (IEC) status : http://www.dgft.gov.in/