{"id":762,"date":"2020-12-30T12:01:03","date_gmt":"2020-12-30T12:01:03","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=762"},"modified":"2020-12-30T12:24:06","modified_gmt":"2020-12-30T12:24:06","slug":"what-to-do-if-your-iec-application-is-rejected","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/","title":{"rendered":"What to do if Your IEC Application is Rejected?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The Import Export Code (IEC) is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries. For the individuals and companies to expand their business globally, it is mandatory to obtain IEC code for trading goods and services. The Import Export Code is a 10 digit code issued by DGFT and the purpose of issuing import export license is to monitor and regulate the foreign trade activities in India. But sometimes during the registration of IEC code, the application gets rejected on various grounds. Therefore, this article will discuss about what to do if your IEC application is rejected in the course of the registration procedure. <\/p>\n\n\n\n<p>The trade of goods across international borders has to be\ndone by acquiring the mandatory IEC License.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3af692f06b9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3af692f06b9\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#Procedure_for_IEC_Registration\" title=\"Procedure for\nIEC Registration \">Procedure for\nIEC Registration <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#Documents_required_for_IEC_Registration\" title=\"Documents\nrequired for IEC Registration\">Documents\nrequired for IEC Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#Why_is_IEC_Registration_needed\" title=\"Why is IEC\nRegistration needed? \">Why is IEC\nRegistration needed? <\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#No_filing_of_Returns\" title=\"No filing of Returns\">No filing of Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#Helps_in_Expansion_of_Business\" title=\"Helps in Expansion of Business\">Helps in Expansion of Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#Benefits_from_Government\" title=\"Benefits from Government\">Benefits from Government<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#Fast_processing\" title=\"Fast processing\">Fast processing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#No_renewal\" title=\"No renewal \">No renewal <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#Credibility_to_the_Business\" title=\"Credibility to the Business\">Credibility to the Business<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#Why_is_IEC_Application_Rejected\" title=\"Why is IEC\nApplication Rejected?\">Why is IEC\nApplication Rejected?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#What_happens_when_IEC_application_is_Rejected_in_case_of_no_IEC\" title=\"What happens when IEC application is Rejected\/ in case of no IEC?\">What happens when IEC application is Rejected\/ in case of no IEC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/blog\/what-to-do-if-your-iec-application-is-rejected\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_for_IEC_Registration\"><\/span>Procedure for\nIEC Registration <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The first step for the registration of the IEC code is to visit the <strong>DGFT website<sup><a class=\"text-primary\" href=\"https:\/\/www.dgft.gov.in\/CP\/\"><strong><em>[1]<\/em><\/strong><\/a><\/sup><\/strong> and click on the service tab.<\/li><li>The applicant is required to fill the details regarding his PAN Card number.<\/li><li>Once the PAN Card details are submitted, further details are to be filed such as date of birth, name, and incorporation details etc. <\/li><li>Once the PAN card is verified, phone number and email id has to be provided to receive OTP. <\/li><li>A 20 digit e-com reference number is provided as a unique identifier for the application, to the applicant. <\/li><li>Further, information regarding import export business entity is required to be given by the applicant. <\/li><li>Payment through debit or credit card or net banking has to be made by the applicant after uploading all the documents supporting the application. <\/li><li>The information provided by the applicant shall appear on a window in <strong>ANF-2A Form<\/strong>. <\/li><li>E-certificate on the registration of IEC code shall be received by the <strong>applicant with <\/strong><em><strong>15 days<\/strong><\/em> from the date of the submission of the application. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_required_for_IEC_Registration\"><\/span>Documents\nrequired for IEC Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Aadhar Card, Voter Id or Passport of the\napplicant<\/li><li>Photograph of the applicant<\/li><li>PAN Card of the individual or the company<\/li><li>Certificate of Incorporation, Partnership Deed,\nSale deed, Bank Certificate<\/li><li>Copy of cancelled cheque <\/li><li>Articles of Association (AOA), Memorandum of\nAssociation (MOA)<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_IEC_Registration_needed\"><\/span>Why is IEC\nRegistration needed? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Once the IEC code is obtained, it provides many benefits to the individual or a company. The following as some of the benefits that would explain why IEC registration needed:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/infographic-without-heading-1.png\" alt=\"Need of IEC Registration\" class=\"wp-image-781\" width=\"490\" height=\"495\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/infographic-without-heading-1.png 865w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/infographic-without-heading-1-297x300.png 297w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/infographic-without-heading-1-768x776.png 768w\" sizes=\"(max-width: 490px) 100vw, 490px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"No_filing_of_Returns\"><\/span>No filing of Returns<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the IEC registration is done, it frees the individual or a company from a lot of paperwork and saves time as well. There is no need to file returns with DGFT.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Helps_in_Expansion_of_Business\"><\/span>Helps in Expansion of Business<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the <strong><a class=\"text-primary\" href=\"https:\/\/swaritadvisors.com\/iec-registration\">IEC registration<\/a><\/strong> is done, the individual or a company can easily expand its business globally without any hindrance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_from_Government\"><\/span>Benefits from Government<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Upon the IEC registration, the individual or a company gets the benefits from the DGFT, customs, export promotion council etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fast_processing\"><\/span>Fast processing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Since the registration for IEC code can be done online now, it is much easier to process the application. It takes around <em>10 to 15 days<\/em> to process the application and get the IEC Code.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"No_renewal\"><\/span>No renewal <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the IEC code is obtained, there is no need to renew it. The IED Code remains valid for a lifetime once obtained.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Credibility_to_the_Business\"><\/span>Credibility to the Business<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The IEC code registration provides credibility and authenticity to the business. it adds guarantee that the business is authentic and helps it to expand and grow.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_IEC_Application_Rejected\"><\/span>Why is IEC\nApplication Rejected?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Even though all the documents are submitted, there can still be reasons for which IEC application is rejected. The IEC application is rejected if the application form is submitted in an incomplete manner. The following errors or discrepancies may result into the rejection of IEC Application:<\/p>\n\n\n\n<ul><li>Mismatch of the company name with the PAN Card.<\/li><li>Name wrongly entered.<\/li><li>Bank details provided are not correct.<\/li><li>Any changes in the business not updated yet.<\/li><\/ul>\n\n\n\n<p>In either of these cases, the IEC application is rejected. Therefore, it is necessary to file the application form correctly along with the submission of all necessary documents.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_happens_when_IEC_application_is_Rejected_in_case_of_no_IEC\"><\/span>What happens when IEC application is Rejected\/ in case of no IEC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If the IEC application is rejected, the business cannot run\nseamlessly. It would become more difficult to engage in import and export of\ngoods and services. And more importantly, a hefty penalty has to be faced for\nthe same by the individuals or the companies engaged in import export business.\nIt is always advisable to register for IEC code for the business who wishes to\nengage in import export trade. Since the IEC application is rejected on the\ngrounds discussed above, it is the responsibility of the individual or the\ncompany to scrutinize the application well, before its submission. This also\nleads to save time.<\/p>\n\n\n\n<p>In the situations where for example a business location is changed or if in a partnership firm, the partnership firm has dissolved or modifications are required in the registered mobile number and email id, then in such cases there is a need to apply for the IEC code. IEC code helps to prevent a situation where IEC application is rejected. The individuals and companies must apply for the IEC code to minimize chances of hindrances or any situation where IEC application is rejected.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is quite obvious that in any situation that anyone expects to maintain the business comprehensively, it is advisable to obtain IEC code from the Directorate General of Foreign Trade (<strong>DGFT<\/strong>). Without the IEC license, it shall be illegal to carry the business of Import Export in any condition. Also where it is equally important to prevent any situation where IEC application is rejected, it is the much responsibility of the individual or the company to scrutinize and submit a complete and correct application form for the registration of the IEC code.<\/p>\n\n\n\n<p>Since obtaining the IEC certificate is not that typical. However, the procedure is quite simple and many advantages are provided upon its registration.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/gst-department-cannot-block-import-export-code-bombay-hc\/\">GST Department Cannot Block Import Export Code: Bombay HC<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Import Export Code (IEC) is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries. For the individuals and companies to expand their business globally, it is mandatory to obtain IEC code for trading goods and services. The Import Export Code is a 10 digit code issued by DGFT and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[40],"tags":[131],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/762"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=762"}],"version-history":[{"count":8,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/762\/revisions"}],"predecessor-version":[{"id":784,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/762\/revisions\/784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/765"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}