Definition : A 10 digit code that is issued to the companies by the Director General of Foreign Trade, Government of India, Ministry of Commerce. It is mandatory for any person or entity to carry on with the export and import business.
Full form : It stands for "Importer Exporter Code".
IEC Code Number Notification : The Importer Exporter Code Number is issued by the policy circular no.15 which in turn is issued by the DGFT.
Eligibility : The entire list of eligibility criteria, legal provisions and conditions to avail the IEC code is found in Foreign Trade (Regulation) Rules, Notification No. GSR 791 (E), dated 30-12-1993 issued by the Ministry of Commerce in 1993.
How to Apply :
The grant of the IEC number has to be sought by an application by the applicant’s head/registered office. The application should be addressed to the DGFT, Regd. /Head office if the concerned entity wanting the code is a person and to the registered office if the concerned entity is a company. The “Aayaat Niryaat” form has to be accompanied by prescribed documents. For STPI, BTP and EHTP units, IEC is issued by the DGFT regional offices with judiciary powers in the district of the location of the STPI unit. One IEC can be availed against a single PAN number. If a proprietor has more than one IEC allotted to him, he should surrender it to the regional office where it will be cancelled.
Online Application :
The application form called the "ANF2A" is available in PDF and Word format. The submission of the Appendix-18B is mandatory with the online application form. The applicant must keep it in mind that the applicant’s banker has signed it in his letter head. Moreover, two passport size photographs are attached to the application.
Appendix-18D is the sure shot way to look for the regional authorities of DGFT and the corresponding RBI office.
Validity of the code : Appendix 18B declares the validity of the IEC number allocated to an applicant.
Duplicate Copy : In case of loss or misplacement, request for the duplicate copy of the IEC number has to be made to the issuing authority accompanied with an affidavit.
Surrender : In case of non-operation, the owner can surrender his IEC number to the issuing authority which in turn will be immediately cancelled by it. At the same time, the issuing authority will transmit it electronically to DGFT so that it can be further transmitted to regional and customs authorities.
Application fee and mode of payment : The application costs Rs. 250.00 and can be availed by payment through demand draft or EFT of any of the following nominated banks:
|S.No||Code Number||Categories of Importers/ Exporters|
|1||0100000011||All Ministries/Departments of the Central Government and agencies wholly or partially owned by them.|
|2||0100000029||All Ministries/Departments of the State Government and agencies wholly or partially owned by them.|
|3||0100000037||Diplomatic personnel, Counselor officers in India and the officials of the UNO and its specialised agencies.|
|4||0100000045||Indians returning from/going abroad and claiming benefit under the Baggage Rules.|
|5||0100000053||Persons/ Institutions/ Hospitals importing or exporting goods for personnel use, not connected with trade or manufacture or agriculture.|
|6||0100000061||Persons importing/ exporting goods from/to Nepal provided the CIF value of a single consignment does not exceed Indian Rupees 25000/-.|
|7||0100000070||Persons importing/ exporting goods from/to Myanmar through Indo- Myanmar border areas provided the CIF value of a single consignment does not exceed Indian Rupees 25000/-.|
|9||0100000096||Importers importing goods for display or use in fairs/exhibitions or similar events under the provisions of ATA carnet.|
|10||0100000100||Director, National Blood Group Reference Laboratory, Bombay or their authorized offices.|
Individuals/Charitable Institutions/ Registered NGOs importing goods, which have been exempted from Customs duty under the Notification issued by Ministry of Finance for bonafide use by the victims affected by natural calamity.
Persons importing / exporting permissible goods as notified from time to time, from/to China through Gunji and Namgaya Shipkila ports, provided the CIF value of a single consignment does not exceed Indian Rs.25,000. In case of Nathula port, the applicable value ceiling will be Rs.100,000.
Ordinance factories under the Ordinance Factories Organisation.
Deleted (Deleted (Ref. DGFT Public Notice No.36(RE-2008)/2004-2009, dated 01-07-2008.) [Old- The Directorate of Purchase and Stores, Department of Atomic Energy,Government of India.]
|15||0100000169||Non-commercial imports and exports by entities who have been authorized by Reserve Bank of India.|