KNOW IMPORT EXPORT CODE (IEC)-
IEC Stands for IMPORTER EXPORTER CODE. It is a 10 digit number. No export or import shall be made by any person or company without an Import-Export Code (IEC) number unless specifically exempted. PAN Card is mandatory to issue Import-Export Code number to the applicant for trade outside India.
DOCUMENTS REQUIRED FOR IEC –
IN CASE OF PROPRIETORSHIP FIRM
IN CASE OF PARTNERSHIP FIRM
IN CASE OF COMPANY
IEC Registration Letter having IEC Number
Q.1 Who requires IEC?
Ans. Any person/ entity who is going to start a venture for International Trade.
Q.2 Is it mandatory to have IEC for Import/ Export Activities?
Ans. Yes it is mandatory for every Import/ Export Activities.
Q.3 Which is the form for the application of IEC?
Ans. ANF2A is the form for the application of IEC.
Q.4 Is PAN mandatory for IEC?
Ans. Yes it is mandatory. Self Certified Photocopy of PAN card has to be submitted
along with the application.
Q.5 Does there any need to show PAN Card for verification?
Ans. No generally it is not required but where PAN card details are not shown on INCOME TAX website then applicant may be requested to show original PAN card for verification.
Q.6 Whether more than one IEC can be issued against one PAN?
Ans. No only one IEC would be issued against a single PAN number.
Q.7 If original IEC Certificate has been lost or misplaced, then how can I obtain duplicate copy of IEC Certificate?
Ans. You may submit a copy of duly filled application form along with application fee. Along with this an affidavit and FIR is also required for obtaining duplicate copy of IEC Certificate.
Q.8 Can anyone surrender IEC Number allotted?
Ans. Yes any IEC Holder may surrender IEC Number allotted by informing the issuing authority.
Q.9 Is there any tatkal scheme for IEC?
Ans. No there is no tatkal scheme for IEC.
Q.10 Do I need to apply for IEC for all my branch offices/ division/ Units?
Ans. No, separate IEC is not required. One Importer Exporter Code number issued will be applicable to all branch offices/ division/ Units.
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