Circular No.ES/151/2018-19 August 10, 2018
To: Members of the Council
Sub: Amendment in Para 2.05 relating to Importer-Exporter Code(IEC) of Foreign Trade Policy 2015-2020
Dear Member,
The Council would like to inform you that O/o DGFT has issued Notification No. 24/ 2015-2020 dated 8th August, 2018 informing about the amendment in Para 2.05 relating to Importer-Exporter Code(IEC) under Foreign Trade Policy 2015-2020 which are given below.
As you are aware, an IEC is a 10-character alpha-numeric number allotted to a person that is mandatory for undertaking any export/import activities. With a view to maintain the unique identity of an entity (firm/company/LLP etc.), consequent upon introduction / implementation of GST, IEC will be equal to PAN and will be separately issued by DGFT based on an application.
Existing Paragraph 2.05 |
Revised Paragraph 2.05 |
(I) |
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(i) Digital photograph of the signatory applicant; |
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(ii) Copy of the PAN card of the business entity in whose name Import/Export would be done (Applicant individual in case of Proprietorship firms); |
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(iii) Cancelled cheque bearing entity’s pre-printed name or Bank certificate in prescribed format ANF-2A(I) |
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(d) For modification in IEC, applicants may submit online application through digital signature (Class-II or Class-III), by paying applicable fees and uploading requisite documents, corresponding to the changes sought. |
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(e) Detailed guidelines for applying for e-IEC is available at http://dgft.gov.in/exim/2000/iec ant/i ecanf.htm |
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(II) No Export/Import without IEC: |
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(i) No export or import shall be made by any
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(a) No export or import shall be made by any person without obtaining an IEC number unless specifically exempted. For services exports, IEC shall be necessary as per the provisions in Chapter 3 only when the service provider is taking benefits under the Foreign Trade Policy. |
(ii) Exempt categories and corresponding permanent IEC numbers are given in Para 2.07 of Handbook of Procedures. |
(b) Exempt categories and corresponding permanent IEC numbers are given in Para 2.07 of Handbook of Procedures. |
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(c) Application process for IEC is completely online and IEC can be generated by the applicant as per the procedure detailed in the Handbook of Procedure. |
Members may kindly make a note of the above amendments.
Thanking you,
Yours faithfully,
S. BALARAJU
EXECUTIVE DIRECTOR