1. What are the benefits of Importer exporter code ?
Import Export Code number is the primary proof of a firm as an Exporter/Importer in
India. IEC number can be submitted with government authorities as a proof of
exporter/importer to obtain various benefits on their exports / imports from DGFT,
customs, Export Promotion Council etc.
Where to obtain an IEC ?
IEC number is issued by Directory General of Foreign Trade at each regional offices
where the exporter/importer situates.
How to apply for an Importer Exporter Code?
The necessary application for Import Export Code number can be downloaded from
DGFT website and follow procedures.
Can I apply Import Export Code application by online?
Yes, the application can be filed for issue of new Importer Exporter code.
Do I need to fill Aayaat-Niryaat Form after submission of online data ?
No, after filing application online, take a print out and attach the necessary
documents submit. There is no additional requirements for filling form.
What are the documents needed for an Importer Exporter Code application ?
Document are listed below (Please reconfirm with the authorities, as these
information can be changed amended time to time)
1.Bank Receipt / Demand Draft details evidencing payment of application fee of Rs.
1000/-. DD should be in favour of Zonal JDGFT, New Delhi.
2. Certificate from the Banker of the applicant firm in the format given in Appendix
18 A (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 applicant.
5. Self-addressed envelope duly stamped for Rs.25/- (Amount may differ time to
time; you may get exact amount from issuing authority)
2. 6. These documents may be kept securely in a file cover.
Can Bank Certificate be from any of my current accounts in the same name of firm
to apply for IEC number?
No, such bank certificate should be the bank through which you are going to
transact your export import procedures and formalities with foreign buyers.
Why is addressed and stamped envelope required along with application for
Import Export Code number?
The letter containing the IEC number is sent to the applicant in such envelope.
Should I need to attest PAN number from any gazette officers/notary while applying
for Import Export Code number?
No, you can self attest the copy of PAN, when applying for IEC code number.
What is the fee for fresh Importer Exporter code Application?
Application fee is Rs. 1000/- which can be paid through Demand Draft / Pay Order
to apply for IEC code.(Amount may differ time to time; you may get exact amount
from issuing authority)
What is fee for Modification in Importer Exporter Code?
No fee is chargeable for modification in Importer Exporter Code, if informed within
90 days of such changes. After 90 days, a fee of Rs.1000/- charged.
What is the fee for issuance of duplicate Importer Exporter Code ?
Rs.200/- payable in for D.D./TR. (Amount may differ time to time; you may get exact
amount from issuing authority)
3. Is PAN Number / PAN card is essential in IEC? What are the alternatives?
Yes, PAN is mandatory. Photocopy of PAN card has to be submitted along with the
application of IEC. If PAN card is not issued to the applicant then a copy of PAN
allotment letter from I.T. Department will also be accepted.
Do I have to show PAN Card for verification in IEC?
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.
What is the duration of to get an IEC after filing application for Import Export Code
number ?
Normally IEC number is issued within a couple of days, if all documents are in
order. However, you can expect IEC number by post within 10 days by mail.
Can IEC be hand delivered / over the counter?
No, IEC’s issued are dispatched through Speed Post.
Why IEC number is sent by mail?
As per the authorities, this is one of the procedures for address verification of
Exporter/Importer.
Is there any Tatkal Scheme in Import Export Code number?
No. As explained above, the authorities issues Import Export Code number within
hours of receipt of proper applications.
How many days are required to send the data to Customs?
The data is automatically transmitted electronically on the day of issue of IEC.
4. Dyaneshwar Bodke worked at a Pune-based interior design firm for 10 years, starting as a
typist and going on to become a designer himself after attending a course in the subject,
when he chanced upon a newspaper report that was to change his life. The article, about a
small farmer in Sangli who earned Rs 12 lakh a year by growing carnations, inspired
Bodke to give up his job and take to farming on the 10-acre plot he owned.
That was 10 years ago. Now 41 years old, Bodke heads a 4,500-member group called
Abhinav Farmers Club, which grows flowers and organic vegetables in polyhouses and
sells them to retail outlets in Delhi and Mumbai; it also exports the produce to Europe.
Set up in 2004 with assistance from the National Bank for Agriculture and Rural
Development (Nabard), it has an annual turnover of Rs 24 crore, with a profit margin of
30%.
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5. Vidya Sagar Patil still remembers the reactions of his neighbours when he decided to
plant cashew on his family’s land at Malchapur four years ago. “They thought I was mad.
Some were blunt enough to tell me to my face, while others just gave me a weird look.
After a while I stopped reasoning it out with them and went about my work,” says the
farmer. Today, Mr. Patil sells his produce in markets across the country. His story has
inspired 15 other farmers to convert wasteland into lush cashew fields. Most of the 200-
acre land near the village is used to mine lateritic bricks and no crops are grown there.
Mr. Patil was inspired by a fact he read in a newspaper early on, that cashew grew well in
red soil. The land around the village being mostly red laterite, he decided to experiment.
With a group of Malchapur residents, he went on a tour to coastal Maharashtra where
cashew is grown. “We also toured cashew-based industries in Goa. We were convinced
we could benefit from this move, and brought back a lorry-load of cashew saplings,” the
farmer said. They got the first crop after two years. “We sold half a lorry of cashew
kernels to buyers in Maharashtra. Our yield doubled in the third year. We are hoping that
our harvest will increase even further this October,” said Prem Sagar Patil, who planted
cashew on 3.5 acres.
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