What is IEC?
IEC represents the Import Export Code or Importer Exporter Code, which is spoken to by a ten-digit number gave by DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. Getting import-export code apply online by DGFT is obligatory for organizations or people who need to begin a business significantly and send out in the Indian domain.
How to Apply for IEC:
Getting an IEC requires the satisfaction of specific conditions and adherence to explicit guidelines. DGFT has a few local workplaces, and it’s conceivable to get IEC from the nearest zonal or provincial office. Beforehand, the technique was marginally a long process. Others who needed to use an import-export code apply online were required to present an advanced mark, which prompted critical disarray. To keep away from this, the DGFT includes made changes inside the way toward applying for IEC.
Getting an IEC Number:
An application for an award of IEC number will be made by the Registered/Head Office and apply to the Regional Authority of Directorate General Foreign Trade. The Registered office in the event of organization and Head office falls inside the ‘Aayaat Niryaat Form – ANF2A’.
Just a single IEC would be given against one PAN number. Any owner can have only one IEC number. Just in the event that there are very one IECs distributed to an owner, a comparable could likewise be given up to the Regional Office for dropping.
Lost and Surrender of an IEC Number:
An IEC Number is lost or misplaced, the responsible authority may consider demands for the award of an imitation duplicate of the IEC number, if amid an affirmation. On the off chance that an IEC holder doesn’t wish to operate the dispensed IEC number, he may give up a comparable by advising the responsible power.
On receipt of such a suggestion, the responsible authority will promptly drop the same and electronically send it to DGFT for transmission to the Customs and Regional Authorities. Each application, except if determined, will be submitted to the Regional Authority of Directorate General Foreign Trade. It is to be done according to the regional specialists’ local ward demonstrated in Policy and Handbook.
Documents Need to Apply for IEC:
The application form is regularly downloaded online in PDF or Word. You can also get the import-export code apply online by the DGFT. Documents needed are:
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- PAN Number
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- Current financial records
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- Investors Certificate
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- IEC Code Number, Application Fee Rs 250.00
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- The import-export code apply online containing required reports should arrive at DGFT.
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- Email isn’t obligatory. On the off chance that it’s given, it’ll encourage quicker correspondence.
Conclusion:
Selling on eBay is a lot simpler with the assistance of IEC code than selling anyplace else. In India, IEC CODE Required Starting An Import-Export Business. Register yourself as a merchant, but the item/things you have available to be purchased and you are finished. On the off chance that PayPal is an instalment choice, you might want to utilize, at that point, register for a free PayPal record and connection it to your eBay account.
Read More:
What are The Key Benefits of Importer Exporter Code Registration?