Any bonafide person/ company starting a venture for International trade
Q.
Can Export/Import be made without IEC?
A.
No. IEC forms a primary document for recognition by Govt. of India as an Exporter/ Importer
Q.
What are the benefits of IEC?
A.
On the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, Customs, Export Promotion Council etc.
Q.
Where to obtain an IEC?
A.
IEC can be obtained from DGFT, New Delhi
FEE for IEC
Q
What is the fee for fresh IEC Application?
A.
Application fee is Rs. 1000/- which can be paid through Demand Draft/ Pay Order from any designated bank in favour of Zonal Jt. DGFT.
Q.
What is fee for modification in IEC?
A.
No fee is chargeable for modification in IEC, if informed within 90 days of such changes. After 90 days, a fee of Rs. 1000/- is charged.
Q.
What is the fee for issuance of duplicate IEC?
A.
Rs.200/- payable in form of D.D/TR. PAN
Q.
Is PAN Number/PAN card essential / what are the alternatives
A.
Yes, PAN is mandatory. Photocopy of PAN card has to be submitted along with the application. If PAN card is not issued to the applicant then a copy of PAN allotment letter from I.T. Deptt will also be accepted.
Q.
Do I have to show PAN Card for verification?
A
No.
***** Only one IEC would be issued against a single PAN number. Any proprietor can have only one IEC number and in case there are more than one IECs allotted to a proprietor, the same may be surrendered to the Regional Office for cancellation
APPLICATION FOR AN IEC
Q.
From where one can get IEC Form?
A.
It can be downloaded from website or can be obtained from counter at Zonal JDGFT (CLA) office.
Q.
Can it be applied online?
A.
Yes, The application can be filed online at www.dgft.gov.in for issue of new IEC.(Temporarily Unavailable)
Q.
Do I need to fill Aayaat-Niryaat Form after submission of online data?
A.
No, after filing application online, take a print out and attach the necessary documents and submit. There are no additional requirements for filling form
Q.
What are the documents needed for an IEC application
Documents are listed below:
1. Bank Receipt /Demand Draft details evidencing payment of application fee of Rs. 1000/-. DD should be in favour of Zonal JDGFT.
2. Certificate from the Banker of the applicant firm in the format given in Appendix 18A (Part B).
3. Self certified copy of Permanent Account Number (PAN) issued by Income Tax Authorities.
4. Two copies of passport size photographs of the applicant. Photograph on the bankers certificate should be attested by the banker of the applicant.
5. Self addressed envelope duly stamped for Rs.25/-
6. These documents may be kept securely in a file cover.
TIME TAKEN TO GET AN IEC
Q
How much time does it takes to get an IEC?
A.
Normally two working days.
Q.
Can IEC be hand delivered/Over the counter?
A.
No, IEC’s issued are dispatched through Speed Post.
Q.
Is there any Tatkal Scheme?
A.
No.
CUSTOMS
Q.
How may days are required to send the data to customs?
A.
The data is automatically transmitted electronically on the day of issue of IEC.
Q.
Is IEC used by Custom department?
A.
Yes
Q.
Can one check their IEC status at Customs on line?
A.
Yes. Click on IEC (BIN) Status to know the status at customs
ONLINE SUBMISSION (IEC)
Q.
What does the word “Online” mean
A.
The word “Online” means that the IEC issued by our office has been accepted by Customs.
Q.
Can I know the file number of application?
A.
Yes, Click on option “Find Your File No. (Fresh IEC)”
Q.
Can we know the status of application through the web site?
A.
Yes, Click on option “Status of IEC Application”.
Q.
How long does it take for an IEC to get “Online”?
A.
Normally within 24 hours.
Q.
Can IEC data be modified after submission of application through web site?
A.
No, only before submission data can be modified.
NRI / FOREIGNERS APPLICANT
Q.
NRI- How an applicant (NRI) can apply?
A.
NRI has to follow the normal application procedure. In addition permissionfrom RBI/ FIPB is needed in some cases
Q.
Procedure for a foreign national for obtaining IEC (documents needed)?
A.
Board Resolution, Memorandum of Association, and copy of Passport.
Q.
Do Foreigners require residence in India?
A.
Not necessary.
Q.
What is RBI’s Automatic approval for obtaining IEC?
A.
Notification No. 20/2000/RBI dated. 3rd May, 2000.
Q.
In case the IEC is received undelivered, what are the documents required for proving the genuineness of the firm ?
A.
Information to Post Office, copy of Telephone Bill, Electricity Bill copy of Rent deed etc (any one) are required to confirm about the genuineness of theaddress
Q.
Why PAN Card’s (both side) is required?
A.
To identify issuing authority’s address.
Q.
Address of DGFT’s web site to check the status of IEC at Customs?
