|
No export or import shall be made by any person without an Importer-Exporter Code (IEC) number unless specifically exempted.
An application for grant of IEC number shall be made by the Registered/Head Office of the applicant to the licensing authority under whose jurisdiction, the registered office in case of company and Head office in ease of others, falls and shall be accompanied by documents prescribed therein. Only one IEC would be issued against a single PAN number.
IEC Format and Statements:
The Licensing Authority concerned shall issue an IEC number. A copy of such IEC number shall be endorsed to the concerned banker (as per the details given in the IEC application form). A consolidated statement of IEC numbers issued by the licensing authority shall be sent to the offices of the Exchange Control Department of the RBI
Validity of IEC No: An IEC number allotted to an applicant shall be valid for all its branches /divisions/units/factories as indicated in the format of IEC.
Duplicate Copy of IEC Number:
Where an IEC Number is lost or misplaced, the issuing authority may consider requests for grant of a duplicate copy of IEC number, if accompanied by an affidavit.
Surrender of IEC Number:
If an IEC holder does not wish to operate the allotted IEC number, he may surrender the same by informing the issuing authority. On receipt of such intimation, the issuing authority shall immediately cancel the same and electronically transmit it to DGFT for onward transmission to the Customs and RLAs.
Mandatory returns:
.ach IEC holder (barring those who have obtained IEC in the preceding licensing year i.e 1.4.2003 to 31.3.2004) shall be required to furnish yearly details of imports/exports made by him in the preceding licensing year by 31st October. The information shall be furnished online by the IEC holder by accessing the website at www.nic.in/eximpol.
|
Participants