IEC is required in the following situations
1. When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
2. When an importer sends money abroad through banks then it’s needed by the bank.
3. When an exporter has to send his shipments then its needed by the customs port.
4. When an exporter receives money in foreign currency directly into his bank account then its required by the bank.
- Passport-size Photograph of the Proprietor.
- Copy of PAN card of the Proprietor.
- Copy of Passport (1st & last page)
- Voter’s I-Card,
- Vehicle Driving Licence,
- Aadhar card copy
- Sale deed in case of own business premises, or Rental/Lease Agreement, in case of office is rented/leased; or latest electricity/telephone bill.
- Bank Certificate / Cancelled Cheque bearing the printed name of the applicant and A/C No.
- Passport-size Photograph of the Managing Partner/Directors
- Copy of PAN card of the applicant entity.
- Copy of Passport (first & last page)
- Voter’s I-Card,
- Aadhar UID card
- Driving Licence
- PAN (any one of these) of the Managing Partner/Director signing the application.
- Copy of Partnership Deed/MOA & AOA
- Sale deed in case business premise is self-owned; or
- Rental/Lease Agreement, in case of an office, is rented/ leased; or
- latest electricity /telephone bill.
- Bank Certificate
- Canceled Cheque bearing preprinted name of the applicant entity and A/C No.
Companies could avail several benefits of their imports/ exports from the DGFT. It is submitted to various government authorities to obtain benefits in respect of their export and import from customs, DGFT, Export Promotion Council, etc. It acts as a license for Importing and Exporting of goods. Through IEC number, Goods are cleared from the customs authorities.