Tuesday 10 May 2016

Import Export Code Registration

IMPORT EXPORT CODE

IMPORT EXPORT CODE (IEC) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bona fide person/ company for carrying out import/export. In India If any business entities wants to start import/export business then IEC code is mandatory. IE Codes when issued can be used by the entity throughout its existence and doesn't require any renewal or filing.

IEC IS NOT REQUIRED UNDER THE FOLLOWING CIRCUMSTANCES:

  1. Import/export of goods for personal use, which is not connected with trade, manufacture or agriculture.
  2. Import/export by government ministries and departments, and certain notified charitable organizations.

LIST OF DOCUMENTS REQUIRED FOR OBTAINING IEC CODE:-

  • A Copy of PAN Card (Copy of PAN of all partner/director in case of partnership firm or company)
  • A Copy of Proof of Business Place.
  • A copy of Constitution of Business. (Partnership deed/Incorporation certificate etc.)
  • Bank certificate on the letter head of bank.
  • Scanned copy of photograph of Proprietor/authorized person.
  • Details of Bank Account.

  • Additional document in case of company and partnership firm-
  • MOA and AOA of company
  • Partnership deed of partnership firm
  • Address proof of all director or partner
  • Board resolution copy in case of company and authority letter in case of partnership firm

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