How To Apply For IEC Code?

IEC (Import Export Code) is required by anyone who is looking to start an import/export business in India. It is issued by the DGFT (Director General of Foreign Trade) and is a 10-digit code which is valid for a lifetime. Importers cannot import goods without the IEC and the exporter cannot avail benefits from DGFT for the export scheme without IEC.

IEC is required if:

• An importer has to clear his shipments from the customs
• When an importer sends money out of India through banks
• When an exporter has to send his shipments
• When an exporter receives money in foreign currency directly into his bank account

Steps to apply for the IEC code online:

1. Visit http://dgft.gov.in/
2. Click on the option ‘Online Application’ tab from the left side on the screen and select IEC from the drop-down menu.
3. Then select IEC online application
4. Now, log in using the PAN number and click next
5. Choose ‘New IEC Application details’
6. A form will open, fill in the details and click on ‘Upload Documents’
7. Upload all the relevant documents
8. After filling the details and uploading the documents click on ‘Branch’ for adding any branch details
9. Next, click on ‘Director’ to add details about the directors of the company
10. Now, click on EFT to make the online payment
11. Fill the amount details and choose a bank
12. A draft invoice will be appearing. After confirming the details, click on ‘Pay now’
13. Make the payment
14. Once the application is complete, take a printout of the application  by clicking on the ‘Print’ button

Here’s a list of required documents:

• PAN copy
• Photograph
• Bank certificate copy
• Memorandum of association
• Extract of board resolution
• Form 32 if there’s a change of directors
• Form 18 in case of change of registered office
• and an RBI approval letter in case of an NRI

Steps to apply for the IEC code offline:

1. Prepare the application form in the specified format (Aayaat Niryaat Form no. 2A format) and file it with the regional DGFT office
2. Now, arrange the required documents in respect of ANF2A
3. Once your application is complete, the next step is filing with DGFT via DSC (Digital Signature Certificate) and paying the required registration fee.
4. After the application is approved, you will receive the IEC code in soft copy

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