Application for iec code – Import export code – Getting the IEC code is not a complex process and is required to import items from China,Taiwan or other countries. A Simple procedure of filling the IEC code application form and submitting the required documents is all that is needed.
In order to import goods at a commercial level,a mandatory license is issued by the DGFT (directorate general of foreign trade) that one must procure either on the firms name or on the proprietors name.
In addition the IEC is also required by all the courier companies when you set up an account with them,this helps to get added benefits,reduction in freight charges,as that can be high depending on the weight of the consignment.
Before doing this,of course other documents related to the firm should be in place.
Application for iec code – DOCUMENTS
1.Shops and establishment or “ghumasta” license in your firms name
4.Two photographs of applicant
5.DD for rupees 250, paid to DGFT (City),available in an appendix pdf on DGFT website
6.Two envelopes with Rs.15 stamps each.
7.A file cover with all documsnts attached
8.PAN card either for firm/applicant (2 copies)
9.Two copies of address proof
10.Completely filled out application form,that can be downloaded at the DGFT website,each page signed by the applicant
11.Bank format application – This template is given in the application form,and is just a statement by the bank saying that the concerned firm has a current account with them since.—years.This is the most important piece of the application,as this is the bank through which you will be wire transferring your funds to the exporter.
ACTUAL PICTURE of Application for iec code
TheIEC code will then be mailed to you by EMS in 3 working days In the envelope provided,the second envelope will go to the bank.
It is a relativly simple procedure,and does not require an “agent” .
TIPS for getting Application for iec code
In secondary address field,make sure to give address of company as after Vashi otherwise, you will be charged Octroi charges for every consignment that you import of export, which can greatly add to your overall cost.