Taking your product or services to the international market will expand your businesses. The first requirement before you start an import/ export business in India is to obtain an IEC.
An IEC is necessary for the import/export of goods. Every exporter or importer of goods or services is required to obtain an IEC from the regional office of the Director General of Foreign Trade (DGFT), Department of Commerce, Government of India.
IE Code application must be made to the Directorate General of Foreign Trade along with the necessary supporting documents.
Businesses can avail government schemes like Merchandise Export from India Scheme (MEIS), Service Export from India Scheme (SEIS) and others from Customs and Export Promotion.
PAN of the IEC applicant
PAN of the Business Entity (Other than Proprietorship)
Photo of the IEC applicant / Authorised Signatory
Cancelled cheque of the Business Entity
Digital Signature of Applicant / Authorised Signatory
Any bonafide person/ company starting a venture for International trade.
Application for obtaining IEC Number in made online at DGFT website http://dgft.gov.in in the prescribed form ANF 2A.
Yes, PAN is mandatory. Self-Certified Photocopy of PAN card of the Applicant has to be submitted along with the application.
All applications will be processed and disposed within 5-6 working days of their receipt.
• Notification No. 20/2000/RBI dated. 3rd May 2000. Applicants are also required to furnish
i. Copy of Money invested report filed before the Regional Office of RBI.
ii. Copy of Report filed in Form FC-GPR, Part A for the issuance of shares to Regional Office of the Reserve Bank of India.
iii. If specific permission has been granted by RBI regarding Non-Resident Interest, then copy of that permission to be furnished with Application form ANF-2A.
No. However the name of each concern owned by such a company may be included in the IEC of the firm in whose name PAN exists, as a branch.
IEC will be issued in digital format only. The applicant can take a print out of the digitally signed IEC, as and when required.
No, IEC issued are not dispatched or delivered. IEC will be issued in digital format. The applicant has to take a print out of the digitally signed IEC.