{"id":7504,"date":"2019-11-29T11:05:20","date_gmt":"2019-11-29T05:35:20","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=7504"},"modified":"2021-04-02T17:27:50","modified_gmt":"2021-04-02T11:57:50","slug":"how-to-apply-for-new-import-export-code-iec","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-new-import-export-code-iec\/","title":{"rendered":"How to Apply For New Import Export Code Registration"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Businesses these days face cut-throat competition and have to survive in critical conditions. Due to this, many corporate cross national boundaries to increase their market and profit-making. However, doing <strong>business internationally<\/strong> is not that simple as it sounds and attracts much compliance.<\/p>\n\n\n\n<p>Among other complexities of following several laws and guidelines, there is a certain license that has to be <strong>obtained known as IEC<\/strong> (Import-Export Code). All the aspects about IEC are covered here under.<\/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-6a54a40b086be\" 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-6a54a40b086be\"  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\/how-to-apply-for-new-import-export-code-iec\/#Procedure_to_get_Import_Export_Code\" title=\"Procedure to get Import Export Code \">Procedure to get Import Export Code <\/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\/how-to-apply-for-new-import-export-code-iec\/#Documents_attached_with_an_application\" title=\"Documents attached with an application \">Documents attached with an application <\/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\/how-to-apply-for-new-import-export-code-iec\/#Advantages_of_getting_Import_Export_Code\" title=\"Advantages of getting\u00a0Import Export Code\">Advantages of getting\u00a0Import Export Code<\/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\/how-to-apply-for-new-import-export-code-iec\/#Checklist_to_keep_certain_points_in_mind_for_IEC_Code\" title=\"Checklist to keep certain points in mind for IEC Code\">Checklist to keep certain points in mind for IEC Code<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-new-import-export-code-iec\/#Modification_of_existing_IEC\" title=\"Modification of existing IEC\">Modification of existing IEC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-new-import-export-code-iec\/#Wrapping_up_the_Article\" title=\"Wrapping up the Article\">Wrapping up the Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_to_get_Import_Export_Code\"><\/span>Procedure to get Import Export Code <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em>Following are the 4 necessary steps involved in <\/em><strong><a href=\"https:\/\/swaritadvisors.com\/iec-registration\" class=\"text-primary\"><em>IEC Code registration<\/em><\/a><\/strong><em>:<\/em><\/p>\n\n\n\n<ul><li>Fill the application form online on the official website of DGFT  as per the format of Aayaat Niryaat form 2A and file the same with the respective regional office of Directorate General of Foreign Trade (DGFT).<\/li><li>Prepare the complete list of documents required to be annexed with form 2A.<\/li><li>Finally, submit the form with attached documents by affixing DSC of an applicant<\/li><li>After the approval of the application, <strong>DGFT<sup><strong><em><a class=\"text-primary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Directorate_General_of_Foreign_Trade\">[1]<\/a><\/em><\/strong><\/sup><\/strong> issue the IEC Code in soft copy such as via registered email.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_attached_with_an_application\"><\/span><strong>Documents attached with an application <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Documents vary as per the category of an applicant:<\/strong><\/p>\n\n\n\n<ul><li><strong>For proprietorship: <\/strong>if the applicant is a proprietorship or individual following documents are required: <ul><li>Passport size photograph<\/li><li>Copy of self-attested PAN &amp; Aadhar<\/li><li>Identity proof such as voter id or driving license<\/li><li>Address proof of business premise such as sale deed, registry, electricity bill, etc <\/li><\/ul><\/li><li><strong>For partnership: <\/strong>if the applicant for IEC Code is a registered partnership firm, documents required are: <ul><li>Passport size photograph of each partner<\/li><li>PAN of the firm along with every partner\u2019s PAN<\/li><li>Identity proof of every partner<\/li><li>Aadhar card of partners<\/li><li>Registered deed of partnership firm<\/li><li>Bank details such as bank name, account number, IFSC Code, etc <\/li><\/ul><\/li><li><strong>For corporate registered as private\/public\/OPC or LLP: <\/strong>if the applicant for IEC Code is an entity registered as a company or LLP following are the documents required: <ul><li>Passport size photograph of partner or director signing the application<\/li><li>PAN of the entity<\/li><li>Director\u2019s and partner\u2019s PAN and Aadhar<\/li><li>Identity proof of every partner\/director<\/li><li>Aadhar card of partners\/director<\/li><li><strong><a href=\"https:\/\/swaritadvisors.com\/limited-liability-partnership-registration\" class=\"text-primary\">LLP<\/a> <\/strong>agreement<\/li><li>Company: MOA &amp; AOA<\/li><li>Bank details such as bank name, account number, IFSC Code, etc <\/li><\/ul><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advantages_of_getting_Import_Export_Code\"><\/span>Advantages of getting\u00a0Import Export Code<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>IEC code, once allocated, remains valid for the entire life of business and needs not to be renewed.<\/li><li>Even before starting the operation, the applicant can apply for IEC Code.<\/li><li>IEC Code holders get the various benefits of custom, export promotion council, subsidies from the government and other benefits issued by DGFT for promoting exports.<\/li><li>The existing Business entity receives the opportunity to expand globally that enables them to spread the business in new territorial limits.<\/li><li>IEC code needs no maintenance cost or renewal cost; therefore, it is just the onetime<\/li><li>Exports can be made quickly as the IEC code is one of the essential documents for export compliance.<\/li><li>IEC code can be obtained with ease online being the PAN based registration.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Checklist_to_keep_certain_points_in_mind_for_IEC_Code\"><\/span>Checklist to keep certain points in mind for IEC Code<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The online application can be saved as a draft and can be later continued from the partial-completed form.<\/li><li>Keep the consumer number, and ECOM number until final IEC Code is allotted<\/li><li>Do not apply for more than one IEC code having same PAN Number<\/li><li>The applicant needs to provide accurate information because wrong furnishing information will lead to penal actions against the entity<\/li><li>The profile of an entity under the <strong>DGFT website<\/strong> must be updated after the allotment of the IEC code.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Modification_of_existing_IEC\"><\/span>Modification of existing IEC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Modifications in IEC code would be required in the following situation:<\/strong><\/p>\n\n\n\n<ul><li><strong>Statutory Modification: <\/strong>IEC code holders shall apply for IEC modification under normal circumstances at least once in a year as per the import-export laws.<\/li><li><strong>Voluntary Modification:<\/strong> Other than Statutory modification, IEC Code can be modified voluntarily if there is any correction required or in case DGFT finds any error or change is needed in already registered IEC Code.<\/li><li><strong>Business Address Change: <\/strong>If the IEC Code holder is a registered company or LLP and later it changes or modifies its registered office address shall apply immediately for modification of IEC online.<\/li><li><strong>Company Name Change: <\/strong>Entity that changes its name shall use for updating the modification in its IEC code immediately thereafter.<\/li><li><strong>Change in Composition: <\/strong>If there is any change in the composition of an organization such as the addition or deletion of any partner or directors shall also be intimated to DGFT online for updating the modification in IEC Code.<\/li><\/ul>\n\n\n\n<div class=\"shadow6\">Note: Prerequisite to modify IEC is also PAN-based similar to its new application, i.e. PAN of the individual or entity is compulsory under which IEC Code was issued earlier along with valid email id and mobile number of the applicant.<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wrapping_up_the_Article\"><\/span>Wrapping up the Article<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"shadow4\">Need help with the new IEC code application? Our team of experts will provide you with the necessary guidance starting from completing an application till the issue of IEC Code and thereafter compliance if any.<\/div>\n\n\n\n<p class=\"text-left\"><b>Read, Also<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/get-iec-registration-number-online-in-india\/\">How to Get Import Export Number Online in India?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Businesses these days face cut-throat competition and have to survive in critical conditions. Due to this, many corporate cross national boundaries to increase their market and profit-making. However, doing business internationally is not that simple as it sounds and attracts much compliance. Among other complexities of following several laws and guidelines, there is a certain [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":8435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[137],"tags":[1058],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/7504"}],"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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=7504"}],"version-history":[{"count":13,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/7504\/revisions"}],"predecessor-version":[{"id":18459,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/7504\/revisions\/18459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/8435"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=7504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=7504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=7504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}