Introduction: Import Export Code

In this blog, we are going to talk about the Import –Export code. Import and Export play a very important role in every business. Most businesses need to Import and Export something for their businesses and for that IEC (Import –Export Code) is one of the major documents. Import –Export Code certificate provides a business identification number that allows a company to import and export for the working of their company. Nobody can import anything in India without an IEC code (unless specific exemption). Service provider exports don’t need an Import Export code (IEC) if he is not taking the benefits of foreign trade policy. 

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When GST was introduced in India, applicants were able to register for IEC with the firm PAN card only. The DGFT will still issue the IEC separately based on an application on the basis of the firm PAN card. These business entities are eligible for the Import Export code registration: 

• Proprietorship
• Partnership
• LLP(Limited Liability Partnership
• Private limited company
• Trust 
• HUF’s
• Society 

What are the Documents Required for IEC Registration 

Here is the list of all the documents that you will need:

• Primarily, the Applicant has to upload the Company PAN Card
• After PAN card, the applicant has to upload the Company Bank Account
• Valid Address Proof (DGFT officials could come to physically verify the address) is also important for the IEC code. 
• Applicant has to upload a clear Photograph of Applicant
• Applicant have to upload Bank Certificate Copy 
• Applicant have to upload the MOA ‘Memorandum of association’
• Applicants have to upload the Extract of Board Resolution
• Applicant have to upload Form 32 (only when the company change Directors)
• Applicant have to upload Form 18 (only if the company change the registered office address) 
• Applicant can also upload some other document (only if required)
• If an NRI applicant applies for the IEC code then ha has to upload the RBI approval letter.

(Applicant should keep their PAN, bank details, and firm details ready before they are applying for import export code)

What is the Online Process for IEC Code?

The applicant applies for IEC in the department of DGFT (Director General of foreign trade). Applicants can apply with both online and offline procedures. Once the applicant got the IEC code then that code would be valid for all the branches of the same business. Applicants can generate only one IEC code on One PAN card. 

Here is a step-by-step procedure for the Import Export code:

• Applicants have to visit the site of DGFT http://dgft.gov.in/
• Now, Applicants have to click on the ‘Online Application” button and then they have to select the option of “IEC”.
• Now, the applicant has to click on the ‘Online IEC Application’ and Applicant has to enter the PAN number of the company pan card. After entering the PAN number, the Applicant has to click on the login button.  
• Now applicant has to upload the application details and for that, the applicant has to click on the ‘New IEC application details’.    
• Now, the applicant has to fill in all the required details as per the requirement. Once the applicant will do all the required details, he/she has to click on the ‘upload documents.
• Now, the Applicant has to upload all the required documents in the correct order. 
• Once the applicant is done with uploading and filing, they have to click on the ‘Branch’ button to add the branch details.  
• Now, the applicant has to upload the details of the directors of the company and for that Applicant has to click on the ‘Director’. 
• After entering the director’s details, the Applicant has to click on the ‘EFT’ to proceed with the online payment of the application. 
• Applicants have to pay the application fees which would be approx. Rs. 250 /-. Applicants have to pay this fee by entering their bank details. An Invoice will be generated after the payment and the applicant have to click on the ‘Pay now. 
• Now the Application procedure is completed and applicant can print the Import Export code application. 

IEC Online Application Status Query

Once the applicant is done with the IEC application submission, the Applicant can check the Application status at the regional DGFT office by raising their query. They just need to give them an E-comRef Number/File number and they will show you the status of your application. Applicants can also check the application and attachment details by checking the online status for the Import Export code application. 

What is the Offline Application Procedure for Application of IEC Code?

Here is a step-by-step offline procedure for the Application of Import Export code:

• Primarily, the Applicant needs to fill out the ANF 2A form. Applicants can get the ANF 2A form by clicking on this link https://content.dgft.gov.in/Website/ANF-2A_0.pdf.
• Applicants have to fill the A, B, and D parts of the ANF 2A form. Applicants should make sure that all information is correct as per their documents.
• Applicants have to sign every page of the ANF 2A form. 
• Now, the applicant has to self–attest the copy of his PAN card, Bank account, and two passport-size photographs and attach these documents with the ANF 2A form. 
• Now applicants have to pay the application fees of the IEC application. Applicants have to attach a DD (Demand Draft) of Rs. 250/- with the application. 
• The applicant also has to attach a self–addressed envelope with Rs. 30/- cash in it. 
• Now, the Applicant has to Post the complete application form (With the envelope and other documents) to any regional DGFT office.
• Now your Application procedure is completed and you will receive the Import Export code allotment letter from DGFT in the same self-attested Envelope which you had attached with the application.  

Conclusion

In this article, we talked about how you can apply for Import Export code registration for goods.  This article talks about the procedure, documents, and phases of the IEC (Import Export code). Hope the information in this article is easy to understand and helpful. For more queries, you can visit our website Corpseed. We shall be glad to help you.