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Importer exporter code

Courtesy/By: Deepshikha Thakur | 2021-01-05 20:37     Views : 273

Importer exporter code is mandatory in India if one wishes to export or import in the country. It is a unique 10-digit code issued by DGFT or director-general of foreign trade, Ministry of Commerce, Government of India to the Indian companies. A person will not be allowed to import or export any goods without obtaining the IEC.
If The Head office of the applicant wants to obtain a grant of IEC number then they have to apply to the regional authority of directory general foreign trade.
Aayat Niryaat forms- ANF2A Is an online application. Appendix- 18B needs to be Attested by the banker of the applicant.
Importer exporter code is issued against a single pan number and a proprietor can only have one importer exporter code number. The proprietor must surrender to the regional office for cancellation in case he has been allotted more than one importer exporter code. When search information of having more than one importer exporter code number is received by the issuing authority, they immediately cancel the code and electronically transmit it to the Directorate general foreign trade for transmission to the customs and regional authority.
The validity of the importer-exporter code number is given in the format in appendix- 18B.
The application fee is rupees 500 and it needs to be paid in demand draft or pay order from any designated bank in favor of zonal joint. Payment can also be done through any electronic fund transfer that has been nominated by the director-general of foreign trade. TR6 Challan with duplicate copy needs to be submitted along with IEC code application.
The application can be filed online DGFT website and it needs to be signed by the applicant. The application must be complete and an incomplete application can be rejected. A self-addressed stamped envelope is needed and a 14X15 centimeter Postal stamp needs to be fixed on it.
The exempted categories that need not require IEC numbers are the importers cover by clause 3 (1) with some exceptions. The departments and ministries of the state government and central government are also exempted. A person who is not exporting or importing intending to trade or manufacture or agriculture and the sole purpose is for personal use will be exempted. If the exporting and importing of goods is With Nepal then the value of a single consignment should not exceed 25,000 INR, The same stands for Myanmar also. the exemptions from obtaining IEC number Not apply in the cases of export of Materials, organisms, chemicals, equipment, and technologies listed in appendix- 3, schedule 2 of ITC.
Cover letter, complete an application form, bank certificate from the bank on bank letter Head, date of birth and number of IEC along with details in case of proprietorship from, extract of the board of resolution and emo a with form 32 and Roc hi in case of companies, and notarized partnership deeds and no objection certificate from HUF for partners is required to apply for IEC code number. A copy of the permanent account number issued by the tax authority will be needed and it needs to be self-certified. Passport size photographs of the applicant Need to be pasted on the banker's certificate, this needs to be attested by the banker with the signature and seal of the applicant. A duplicate application needs to be submitted and Every page of the duplicate application must be found by the applicant. A stamp needs to be fixed on a self-addressed envelope.

 

This Article Does Not Intend To Hurt The Sentiments Of Any Individual Community, Sect, Or Religion Etcetera. This Article Is Based Purely On The Authors Personal Views And Opinions In The Exercise Of The Fundamental Right Guaranteed Under Article 19(1)(A) And Other Related Laws Being Force In India, For The Time Being.

Courtesy/By: Deepshikha Thakur | 2021-01-05 20:37