Documents required for sole proprietorship:
• Digital Photograph (3x3cms) of the Proprietor.
• Copy of PAN card of the Proprietor
• Copy of Passport (first & last page)/Voter’s I-Card/ Driving Licence/UID (Aadhar card) (any one of these).
• Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in the case the office is rented/ leased; or latest electricity /telephone bill.
Documents required for Partnership Firm:
• Digital Photograph (3x3cms) of the Managing Partner.
• Copy of Passport (first & last page)/Voter’s I-Card /UID (Aadhar Card) /Driving Licence/PAN (any one of these) of the Managing Partner signing the application.
• Copy of Partnership Deed.
• Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case of office is rented/ leased; or latest electricity /telephone bill.
• Bank Certificate as per ANF 2A (I)/Cancelled Cheque bearing preprinted name of the applicant entity and A/C No.
Documents required for LLP:
• Digital Photograph (3x3cms) of the Designated Partner/Director of the Company signing the application.
• Copy of PAN card of the applicant entity.
• Copy of Passport (first & last page)/Voter’s I-Card /UID (Aadhar Card) /Driving Licence/ PAN (any one of these) of the Managing Partner/Director signing the application.
• Certificate of incorporation as issued by the RoC
• Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case of office is rented/ leased; or latest electricity or telephone bill.
• Bank Certificate as per ANF 2 A(I)/Cancelled Cheque bearing preprinted name of the company and A/C No.
Documents required for Trust:
• Digital Photograph (3x3cms) of the signatory applicant/Secretary or Chief Executive.
• Copy of Passport (first & last page)/Voter’s I-Card /UID (Aadhar Card) /Driving Licence/ PAN (any one of these) of the Secretary or Chief Executive/ Managing Trustee signing the application.
• Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case of office is rented/ leased; or latest electricity /telephone bill.
• Registration Certificate of the Society / Copy of the Trust Deed.
• Bank Certificate as per ANF 2A(I)/Cancelled Cheque bearing preprinted name of the Registered Society or Trust and A/C No.
Documents required for HUF:
• Digital Photograph (3x3cms) of the Karta.
• Copy of PAN card of the Karta.
• Copy of Passport (first & last page)/Voter’s I-Card/ UID (Aadhar card)/ Driving Licence (any one of these) of the Karta.
• Sale deed in case business premise is self-owned or Rental/Lease Agreement, in case the office is rented/ leased or latest electricity /telephone bill.
• Bank Certificate as per ANF 2A(I)/ Cancelled Cheque bearing pre printed name of the applicant and A/C No.
IEC Registration Online process step by step:
Step1: Go to DGFT website
Go to DGFT (Directorate General of Foreign Trade) website or click on www.dgft.gov.in There’s an option for ‘Quick Links’ at the left side of the page. In this section, you need to click on the option ‘Apply for New Import Export Code (IEC)/ Modify existing IEC.’
Step2: Enter your PAN (Permanent Account Number)
Once you’re done with the above step, you will be directed to the next page. In this page, you will be asked to enter your PAN. Then, click on the ‘Search’ option. In case, you have entered the incorrect PAN, click on ‘Reset’ button.
Step3: Enter details for PAN verification
Again you will be directed to a page where you need to enter the following details:
1. Name (as in PAN);
2. Date of Birth/Incorporation;
3. Captcha Code.
Once you have entered the details correctly, click on Submit. Any wrong detail on the PAN served site will lead to authentication failure.
Step4: Status of PAN verification
If the details are valid, a message will be displayed on the screen saying stating that your PAN has been verified. The next step is to click on ‘Proceed.’ Step5: Login for fresh IEC application
For fresh IEC application, you need to provide your email address and mobile number. On the right-hand side, you have to enter the Captcha code and then click on ‘Generate OTP.’
Step6: Enter the OTP
An OTP will be sent to your email address as well as your mobile number. Enter the OTP and click on Submit. In case, you haven’t received any OTP, click on ‘Regenerate OTP.’
Step7: E-commerce number generated, Update Master Data
Once you click the Submit button after entering OTP, you will find a 20 digit E-commerce number on the screen. On the right side of the screen, you are required to enter the following details:
• Entity Name;
• Entity Address;
• City;
• State, District, PIN code,
• Mobile number and email address, as provided earlier;
• Name on PAN card, PAN, Date of Incorporation;
• Nature of Concern such as Proprietorship, LLP, Private Limited, Public Limited, Govt. Undertaking, etc;
• Preferred activity such as Merchant Exporter, Manufacturer Exporter, Service provider, etc;
• Bank account no., Account holder name, etc;
• Applicant details and more.
Step8: Update Branch Details
On clicking Update and Save, you will be directed to a new page. Here, you have to fill the Branch Detail of the Firm. The information to be filled are:
• Branch SI. No;
• Address of the Branch along with the city, state, and district;
• 6 digit PIN.
Then, click on Add Button and you will be directed to another page.
Step9: Update the details of Director/Proprietor/Partner/Karta/Managing Trustee
In this page, you have to provide the details of Directors, partners, etc. The required details are as follows:
1. Director SI. No;
2. DIN (Director Identification Number);
3. Name, PAN, Date of Birth, etc.;
4. Address;
5. Mobile Number;
6. Aadhaar Card Number and other information as asked.
Again, click on ‘ADD.’
Step10: Upload Documents
Now, you will land on the page where you are supposed to upload documents such as Address proof and Cancelled cheque or Bank certificate. The document to upload should be either in PDF format or in the form of GIF. Then, click on Upload File.
Note: Size of the document must not exceed 5MB.
In address proof, you can use the following documents:
• Sale Deed;
• Rent Agreement;
• Lease Deed;
• Mobile Post-paid bill;
• MOU (Memorandum of Understanding);
• Electricity Bill;
• Telephone Landline bill;
• Partnership Deed.
Other acceptable documents are Passport, Voter ID, and Aadhaar Card but only for Proprietorship.
Also note that, in case, the name of the applicant firm isn’t present in the address proof, then the applicant must submit a NOC (No-Objection Certificate) in favour of the firm along with address proof in a PDF format.
Step11: Fee Payment and Fee Verification
After you have uploaded the document, you need to pay the required Fee. Once you have submitted the fees, verify it.
Step12: Preview and Print Application
Before proceeding to the final submission of the application, you need to preview the entire details you have filled. After you have verified it and found it correct, click on Print Application.
Step13: Final submission of the application
Finally, you would be able to submit the application by clicking on Submit. You can submit the application either using Digital Signature or without Digital Signature.
After submission, you can check the status of the application by entering your PAN.
BENEFITS OF IEC:
• Open International Market IEC helps you in taking your organization and products to the worldwide market and develop your organizations. You can also sell your products on international platforms
• Product scaling and Increased Revenue there will be a vast increase in the revenue of the organization
• Several benefits are availed the organization and various companies can avail several benefits from DGFT, customs, etc as per the IEC registration. On Exports the organization can claim tax benefits as well
• Filing of return is not required IEC does not require the recording of any profits. When allocated, there isn't any necessity to pursue any kind of procedures for supporting its legitimacy. Notwithstanding for fare exchanges, there isn't any necessity for recording any profits with DGFT
• Easiest procedure It is genuinely simple to acquire IEC code from the DGFT inside a time of 10 to 15 days subsequent to presenting the application. There isn't any need to give a proof of any fare or import for getting IEC code
• No need of any renewal IEC code is successful for the lifetime of a substance and requires no recharging. It could also be utilized by a substance against all fare and import exchanges