KAMAL NATH INAUGURATES ONLINE FACILITY FOR ISSUE OF IMPORT EXPORT CODE NUMBERS  -- MAJOR E-INITIATIVE TO BOOST EXPORTS

Date : 28 Jul 2006
Location : New Delhi
 

KAMAL NATH INAUGURATES ONLINE FACILITY FOR ISSUE OF IMPORT
EXPORT CODE NUMBERS  -- MAJOR E-INITIATIVE TO BOOST EXPORTS

          In another major initiative to boost exports by reducing transaction cost, Shri Kamal Nath, Union Minister of Commerce & Industry, inaugurated online facility for issue of Importer-Exporter Code (IEC) Number at the review meeting on export performance and export targets here last evening.   Importer-Exporter Code Number is the first export related registration that an exporter is required to obtain.  During April 2005 and March 2006 more than 54000 IECs have been issued by DGFT.  During the period of April-July 2006 alone more than 17500 IECs have been issued and transmitted to customs successfully. 

          The new system relies on a much simpler form and an optional on-line application module for issuance of IEC No:  It seeks only essential details for the applicant; and it introduces an optional facility of advance on-line submission of application.  

          An applicant may now choose one of the two options for application submission:   

·                     File an online application and submit a physical copy of the application by taking a printout of the online application.

·                     Submit a physical copy of the application directly at the regional DGFT office. 

          The documents to be submitted along with the prescribed application form will be: (1) Fee could be paid through the Bank Receipt /Demand Draft evidencing payment of application fee of Rs. 1000/-. DD should be in favor of regional office of DGFT or through Electronic Fund Transfer (EFT).   (2) Certificate from the Banker of the applicant firm in the format given in the online application form.  (3) Self certified copy of Permanent Account Number (PAN) issued by Income Tax Authorities.  (4) Two copies of passport size photographs of the applicant. Photograph on the banker's certificate should be attested by the banker of the applicant. (5) Self addressed envelope duly stamped for Rs.30/- and (6) These documents may kept securely in a file cover.  

          The above documents may be sent by post or hand delivered at the concerned regional DGFT office.  

          Process of online application: This facility is optional for the applicant who can submit physical copy of the application without filing an online application.  

i)            Applicants can file an on-line application at the DGFT web-site http://dgft.gov.in.  On-line form has been designed to ensure feeding of all the required information by prompting user wherever a field is left blank. Applicant has to submit scanned copies of PAN and bank certificate along with their application.   

ii)            There are 2 options for payment of fee. (A)If fee is paid by Demand Draft, IEC will be generated only after receipt of the physical copy of the application.  (B) If IEC application fee is paid through Electronic Fund Transfer facility, IEC number will be generated by the licensing office automatically and the number can be viewed online by the applicant.  

iii)           On the receipt of physical copy of the application, the same IEC will be printed in 24 hours time and dispatched to the firm.