IEC code Archives - Tax Heal

New Changes in Importer Exporter Code I IEC Code I CA Satbir Singh

CA Satbir Singh — Thu, 04 Mar 2021 12:25:17 +0000

New Changes in Importer Exporter Code I IEC Code I CA Satbir Singh

Revised process of online IEC (Import Export Code) application

CA Satbir Singh — Thu, 09 Aug 2018 13:45:43 +0000

Guidelines On The Online Application Form For Issue/Modification In Importer Exporter Code (IEC) Number-

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi -110 011

Trade Notice No. 23/2018-19

New Delhi, Dated the 8^th August, 2018

Subject: Amendment in Policy and Procedure for online IEC applications – regd

It has been observed that exporters/importers are facing various problems in obtaining and modifying Importer-Exporter Code due to, inter alia, internet browser dependencies and other browser settings of digital signatures. In any case, PAN of the entity has been made IEC w.e.f 1.7.2017 vide Trade Notice No 9 dated 12.6.2017and thus only one IEC is issued against one PAN. Therefore, in order to automate the process of issue of IEC and thereby simplifying the business procedures for improving “Ease of doing business”, automatic PAN verification has been now enforced in the IEC system. For this purpose, the DGFT vide Public Notice No 27 dated 8.8.2018has notified that IEC will henceforth be system generated and applicant will have the facility of taking a print out of IEC. Further, following the integration of PAN web service of CBDT with DGFT’s web server and automatic system based verification of PAN details with PAN database of CBDT, requirement of Digital Signature for submitting IEC applications is being done away with and Para 2.08 and 2.14 on IEC have been accordingly revised.

2. Detailed guidelines in the matter are laid down here as under:

(i) With the Integration of PAN web service of CBDT with DGFT’s web server, requirement of copy of PAN as one of the mandatory documehts for Applicant’s validation is removed. Accordingly, effective from 9.8.2018, online applications for IEC will require only 2 documents to be uploaded ie. (i) Address Proof the applicant entity (as detailed in annex), and (ii) Cancelled cheque bearing entity’s preprinted name or Bank certificate.

(ii) Digital signature for submitting applications for fresh Importer-Exporter Code (IEC) or amendment of IEC will not be required e.f. 9.8.2018.

(iii) On submission of complete application with fees and requisite documents, IEC will be auto-generated and intimation regarding allotment of IEC will be sent to the applicant, through sms and email, with the hyperlink to download and print the e-IEC.

(iv) RAs would conduct post-verification of online IECs as per the guidelines. Applicant will be liable for penal/criminal action for furnishing of wrong / incomplete information and IEC will be suspended/ cancelled in such cases besides taking other legal action against the applicant.

(v) As per the current practice, an e-IEC holder shall update his profile immediately after issuance of e-IEC. ANF-1 of the Handbook of Procedure (2015-20) contains the profile of the importer/exporter. IEC Holder shall be responsible for updating the same as and when a change takes place immediately or in any case at least once in a year as per para 2.15 of Handbook of Procedure (2015-20).

(vi) Entities seeking any benefit from any authority, by claiming status as manufacturer exporter, will have to prove its credence for the same, independently to that authority.

(S.P. Roy)
Joint Director General of Foreign Trade
Telefax#23062240
Email: shyama.roy@nic.in

[F.No.01/93/180/20/AM-13/ PC-2(B)]

GUIDELINES ON THE ONLINE APPLICATION FORM FOR ISSUE/MODIFICATION IN IMPORTER EXPORTER CODE (IEC) NUMBER

Online application for IEC requires only 2 documents i.e.

(i) Address proof the applicant entity; and

(ii) Cancelled Cheque bearing entity’s pre-printed name or Bank Certificate, to be uploaded.

Documents accepted as address proof of the applicant entity are:

(i) Sale deed in case business premise is self-owned; or

(ii) Rental/Lease Agreement in case office is rented/ leased; or

(iii) Latest electricity / Landline/ Mobile telephone bill in the name of applicant entity

Format of Bank Certificate is as per attached ANF-2A(i)
Applicants must ensure that only relevant legible documents are uploaded.
Documents should be uploaded in digital format—GIF, JPEG, size not exceeding 5MB.
It should be ensured that details filled in the application match with the details as in the uploaded documents, i.e.

(i) Address proof, and (ii) Cancelled Cheque or Bank Certificate.

Modifications in e-IEC need to be corroborated with corresponding documents. Accordingly, before seeking modification in e-IEC, necessary modifications in other requisite/supporting documents may be completed and only the updated documents substantiating the changes sought while modifying the IEC may be submitted.
At any given time, an IEC holder/applicant can change either its email id or mobile number. Request for amendment in both email id as well as mobile number, at the same time, will not be entertained.
A new Module has been created for Regional Authorities to facilitate PAN modification in IECs issued prior to 01.07.2017 and also for cancellation of IECs.
Suggestive list of documents for modification in IEC is annexed.

Download Annex containing List of Suggestive Documents for seeking modification in e-IEC and Form ANF-2A(i)- Format Of Bank Certificate For Issuance Of IEC Click here

PAN to be used as IEC code – Importer Exporter Code : DGFT

CA Satbir Singh — Wed, 14 Jun 2017 00:58:58 +0000

No.01/93/180/04/AM-18/PC-2(B)
Government of India
Ministry of Commerce & Industry
Directorate General of Foreign Trade

Udyog Bhawan, New Delhi
Dated 12.06.2017

Trade Notice No. 09

To
1. All IEC holders/applicants
2. All EPCs / All Chambers of Trade and Industries
3. FIEO/ASSOCHAM/CII
4. All RA’s of DGFT
5. All field formations of Customs

Sub: Changes in IEC with the introduction of GST-regd.

The Foreign Trade (Development & Regulation) Act, 1992 provides that no person shall make any import or export except under an Importer Exporter Code (IEC) number, granted by the Director General of Foreign Trade or the officer authorized by the Director General in this behalf. Further, Para 2.05 of the FTP, 2015-20 lays down that IEC, a 10 digit number, is mandatory for undertaking any import export activities, while Para 2.08 of the HBP (2015-20) lays down the procedure to be followed for obtaining an IEC, which is PAN based. As on date PAN has one to one correlation with IEC.

2. With the implementation of the GST w.e.f. (the notified date), GSTIN would be used for purposes of

(i) credit flow of IGST on import of goods, and

(ii) refund or rebate of IGST related to export of goods.

Registration No. under GST, called GSTIN, is a 15-digit alpha numeric code with PAN prefixed by State Code and suffixed by 3 digit details of business verticals of the PAN holder. As GSTIN will be used for the purposes mentioned above, it thereby assumes importance as identifier at the transaction level. In view of this, it has been decided that importer/exporter would need to declare only GSTIN (wherever registered with GSTN) at the time of import and export of goods. The PAN level aggregation of data would automatically happen in the system.

3. Since obtaining GSTIN is not compulsory for all importers / exporters below a threshold limit of turnover, all exporters / importers may not register with GSTIN [barring compulsory registration in certain cases as provided in Section 24 of the Central Goods and Services Tax Act, 2017 (12 of 2017) or in cases where either credit is claimed of IGST], therefore, GSTIN cannot become universal, as IEC is for import/export business. Further, DGFT recognizes only the corporate entity (single identity) and not individual transactions.

4. As a measure of ease of doing business, it has been decided to keep the identity of an entity uniform across the Ministries/Departments. Henceforth (with the implementation of GST), PAN of an entity will be used for the purpose of IEC, i.e., IEC will be issued by DGFT with the difference that it will be alpha numeric (instead of 10 digit numeric at present) and will be same as PAN of an entity. For new applicants, w.e.f. the notified date, application for IEC will be made to DGFT and applicant’s PAN will be authorized as IEC. For residuary categories under Para 2.07 of HBP 2015-20, the IEC will be either UIN issued by GSTN and authorized by DGFT or any common number to be notified by DGFT.

5. Further, for the existing IEC holders, necessary changes in the system are being carried out by DGFT so that their PAN becomes their IEC. DGFT system will undertake this migration and the existing IEC holders are not required to undertake any additional exercise in this regard. IEC holders are required to quote their PAN (in place of existing IEC) in all their future documentation, w.e.f. the notified date. The legacy data which is based on IEC would be converted into PAN based in due course of time.

(S.P. Roy)
Joint Director General of Foreign Trade
Telefax: 23062240
E-mail: shyama.roy@nic.in