{"id":2310,"date":"2018-05-09T09:50:37","date_gmt":"2018-05-09T09:50:37","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=2310"},"modified":"2020-12-15T18:23:47","modified_gmt":"2020-12-15T12:53:47","slug":"what-is-iec","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/what-is-iec\/","title":{"rendered":"What is IEC (Import Export Code)"},"content":{"rendered":"\n<p class=\"has-drop-cap\">For ambitious business owners, domestic markets are never limits. It is considered important to expand the limits of the business. But expanding globally is not without a precise strategy to deal with all the obstacles on way. These obstacles may be financial but also take the form of legal regulations. Thus one must be thoroughly aware of several procedures and laws that export-import is subject to and obtain all the required license, <strong>IEC (Import Export Code) license<\/strong> being one such mandatory license.<\/p>\n\n\n\n<p>IEC (Import Export Code) is a 10-digit code having lifetime validity, issued by the DGFT (Director General of Foreign Trade).<\/p>\n\n\n\n<p>Only a legal entity with PAN card can apply for the <a class=\"text-primary\" href=\"https:\/\/swaritadvisors.com\/iec-registration\"><strong>IEC registration<\/strong><\/a>.<\/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-6a3a3305d77f1\" 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-6a3a3305d77f1\"  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\/learning\/what-is-iec\/#What_are_the_Features_of_IEC\" title=\"What are the Features of IEC?\">What are the Features of IEC?<\/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\/learning\/what-is-iec\/#What_is_the_Requirement_for_Filing_an_IEC\" title=\"What is the Requirement for Filing an IEC?\">What is the Requirement for Filing an IEC?<\/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\/learning\/what-is-iec\/#What_are_the_Steps_of_Filing_the_Application\" title=\"What are the Steps of Filing the Application?\">What are the Steps of Filing the Application?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/what-is-iec\/#Documents_Require_for_IEC_Registration\" title=\"Documents Require for IEC Registration\">Documents Require for IEC Registration<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/what-is-iec\/#In_the_case_of_fresh_e-IEC\" title=\"\n\nIn the case of fresh e-IEC:\n\n\">\n\nIn the case of fresh e-IEC:\n\n<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Features_of_IEC\"><\/span>What are the Features of IEC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The application process is from start to end on a digital platform.<\/li><li>It is an easy procedure and takes not more than 30 days to obtain after the due filing of the application<\/li><li>IEC does not require any further steps to be taken once the allotment is complete. No returns, maintenance fee or any compliance to be followed.<\/li><li>It requires no renewal and has a lifetime validity to be used for all export and import transactions.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Requirement_for_Filing_an_IEC\"><\/span>What is the Requirement for Filing an IEC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>One time Client browser settings<\/li><li>A valid PAN<\/li><li>Valid Mobile Number and Email ID<\/li><li>Scanned copy of the documents to be uploaded<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Steps_of_Filing_the_Application\"><\/span>What are the Steps of Filing the Application?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>The prescribed format of application form is available on the website of DGFT (form no. ANF 2A ). All the required details may be filled.<\/li><li>Respective Regional Officer of DGFT has to be selected. The <strong>DGFT<sup><a href=\"https:\/\/dgft.gov.in\/\" class=\"text-primary\"><strong><em>[1]<\/em><\/strong><\/a><\/sup><\/strong>  Regional Officer must be chosen carefully and appropriately.<\/li><li>A prescribed fee has to be paid online through any designated bank or the modes that have been provided.<\/li><li>The required documents must be attached, which can only be in either GIF or PDF formats as mentioned. The documents must be attached carefully as any discrepancy may cause rejection of the application.<\/li><li>After reviewing the application for correctness, take a print, sign and submit its scanned copy on the site.<\/li><li>The status of IEC can be tracked on the official site.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Require_for_IEC_Registration\"><\/span>Documents Require for IEC Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_the_case_of_fresh_e-IEC\"><\/span>\n\nIn the case of fresh e-IEC:\n\n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol><li>Digital Photograph of the Signatory Applicant (Proprietor, Managing Partner, Director of the Company, Karta or the Chief Executive of Registered Society, as the case may be)<\/li><li>Copy of PAN card<\/li><li>Bank Certificate\/Statement or canceled cheque bearing the applicant entities name<\/li><li>Proof of registered address<\/li><\/ol>\n\n\n\n<p>In case of any modifications, some other documents in addition to the above are required like partnership deed, ROC etc as the case may be.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read, Also<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/what-are-the-benefits-of-iec-registration\/\">What are the Benefits of Import Export Code?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For ambitious business owners, domestic markets are never limits. It is considered important to expand the limits of the business. But expanding globally is not without a precise strategy to deal with all the obstacles on way. These obstacles may be financial but also take the form of legal regulations. Thus one must be thoroughly [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[137],"tags":[784,785],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2310"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=2310"}],"version-history":[{"count":6,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2310\/revisions"}],"predecessor-version":[{"id":17828,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2310\/revisions\/17828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/2312"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=2310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=2310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=2310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}