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How to get IMPORT EXPORT CODE (IEC)

Posted by CA Sanket Aggrawal
33

Directorate General of Foreign Trade has started operationalizing online filing of Importer Exporter Code (IEC) applications, online processing and issue of e-IECs in digital format. Now new entrepreneurs/exporters/importers can apply online for issue of new IEC from the comfort of their home/IT Kiosk with no more visits to the Regional Authority's office required, and upload the documents and pay the required fee through Net banking.

Even the processing of such applications by Regional Authority of Directorate General of Foreign Trade (DGFT) would be done online (no paper work in the office; less storage space required and no misplaced documents) and the digitally signed e-IEC (no more IECs in physical form) would be issued/emailed to the applicants within two working days.

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Commerce Ministry reduces number of documents for IEC

Posted by CA Sanket Aggrawal
80

NEW DELHI: To facilitate ease of doing business and lessen paperwork, the Commerce Ministry has decided to reduce the number of mandatory documents for taking import-export code to two.

Import-Export Code (IEC) is required for shipments.

"Only two documents are required to be uploaded /submitted along with the digital photograph while applying for IEC," the Directorate General of Foreign Trade (DGFT) said in a notification.

Earlier, several documents including complete details of the entity seeking the IEC; details of the proprietor/ partners/ directors/managing trustee of the entity, and details of the signatory applicant were required to get this code number.

It also said "only" online application for IEC or modification in IEC can be made by applicants through digital signature with effect from April 1 this year.

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How to Apply for Importer Exporter code Online

Posted by CA Sanket Aggrawal
45

Simple Steps to apply for IEC (Importer Exporter Code) Online. Before going ahead you can read this What is and How to start a Import Export Business in India.

What is IEC: IMPORTER EXPORTER CODE is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/company for carrying out import/export.

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