Para 2.05 (c) of Foreign Trade Policy (2015-20) regarding Importer-Exporter Code (IEC) amended

Dated 29th January, 2016 | Copy of | Notification No.34/2015-2020 |

  Amendment in para 2.05 (c) of Foreign Trade Policy (2015-20)

In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the existing para 2.05 (c) of Foreign Trade Policy (2015-20) and introduces a new provision, part (d) under para 2.05. The existing para reads as under:

2.05 Importer-Exporter Code (IEC)

(c) Briefly, following are the requisite details/documents (scanned copies) to be submitted/uploaded along with the application for IEC:

(i) Details of the entity seeking the IEC: (1) PAN of the business entity in whose name Import/Export would be done (Applicant individual in case of Proprietorship firms). (2) Address Proof of the applicant entity. (3) LLPIN/CIN/Registration Certification Number (whichever is applicable). (4) Bank account details of the entity. Cancelled cheque bearing entity’s pre-printed name or Bank certificate in prescribed format ANF-2A(I).

(ii) Details of the Proprietor/Partners/Directors/Secretary or Chief Executive of the Society/Managing Trustee of the entity: (1) PAN (for all categories) (2) DIN/DPIN (in case of Company/LLP firm)

(iii) Details of the signatory applicant: (1) Identity proof (2) PAN (3) Digital photograph

2. After amendment para 2.05 (c) would read as under:

2.05 Importer-Exporter Code (IEC)

(c) Only the following are required to be uploaded along with the application for IEC with immediate effect: (1) Digital photograph of the signatory applicant; (2) Copy of the PAN card of the business entity in whose name Import/Export would be done (Applicant individual in case of Proprietorship firms); (3) Cancelled cheque bearing entity’s pre-printed name or Bank certificate in prescribed format ANF-2A(I)

3. The new insertion, part (d) under Para 2.05 would read as under:

(d) Only online application for IEC/modification in IEC can be made by applicants through digital signature (Class-II or Class-III) with effect from 1.4.2016.

4. Effect of this Notification: From the date of this notification only two documents are required to be uploaded/submitted along with the digital photograph while applying for IEC. Further, applications for IEC/modification in IEC can be made only in online mode by applicants through digital signatures with effect from 1.4.2016.

Sd/- (Anup Wadhawan) Director General of Foreign Trade

F.No.01/89/180/20/AM-13/PC-2 (B) Issued by: Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade New Delhi