CRITERIA OF IEC (Import Export Code)
The import export code registration is governed by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has lifetime validity. As per the Foreign Trade Policy (FTP) in India, every importer and exporter is required to get IEC code to start Import export from India. Without IEC code, no importer and exporter are authorised to do import export business.
Documents required for IEC (Import Export Code) Registration
Automatic PAN verification is enabled in the IEC system therefore the process of obtaining IEC registration and the document requirement for the registration has been simplified. As per the new procedure for Import Export Code Registration which is introduced through Trade Notice No 23/2018-19 New Delhi, Dated the 8 th August,2018, following documents are required: –
- Bank Certificate / Pre-printed Cancelled Cheque
- Address Proof of the firm (any of the following documents are acceptable as address proof)
- Sale deed
- Rent agreement
- Lease Deed
- Electricity bill
- Telephone Land line bill
- Mobile Postpaid bill
- MOU
- Partnership Deed
- Other acceptable documents (for Proprietorship only):
- Aadhar Card
- Passport
- Voter Id
- In case the address proof is not in the name of the applicant firm, a No Objection Certificate(NOC) by the firm premises owner in favour of the firm along with the address proof is to be submitted as a single PDF document.