In order to effectively monitor the various outflows and inflows of foreign exchange, the government has introduced IEC code. IEC stands for Import Export Code and is a unique 10 digit number issued by Director General of Foreign Trade (DGFT), part of the Ministry of Commerce and Industry, to any person or company for carrying on Import and Export business in India. DGFT IEC Registration is mandatory to carry on export/import business in India for specified category of services or technologies. Import export code registration is done under DGFT website. An IEC number issued to applicant shall be valid for all its divisions/ units/ factories/ branches. IEC code is valid for lifetime and there is no need to renew the same.
Import export code is not required if Import export made for personal use and not for trade, manufacture or agriculture or Import export made by government offices and other notified institutions.IEC registration is done online through Aayat niryat form 2A (ANF 2A) and is submitted to regional DGFT authority for approval, where the registered office of the company is situated. PAN card of the applicant is the basic and foremost most import document for IEC code online. IEC cannot be issued against the illegal and anti national security acts such as dealing in nuclear weapons, guns, smugglings etc.
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