How to Apply for IEC (Import Export code) code in India?
Quite contrary to many people think, it is very easy to apply and get the IEC code (usually 10 digits) from the Office of the Director General, Foreign Trade in your city for a small fee. You can apply as individual name under services and dont need to form a company or proprietorship. Both savings and current account are accepted. It usually takes 2-5 days to get this code. You can also consult your auditor or CA on this.
As of now, you cannot apply for IEC code online, at this time, except you can only check the IEC status online.
Documents Required
**Read this pdf document on IEC procedures and fees
- Download the IEC Application and print it.
- PAN card (2 copies)
- 2 Photos
- Bankers Certificate stamped by your bank where you hold savings/current account (see the format in IEC application)
- Bank Account statement (1 month)
- Self Addressed envelope
- Demand draft for Rs 250.
See a sample IEC certificate on how it looks like
Lets see how it works out with paypal!
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February 28, 2010
BTW, eLagaan.com has some detailed instructions and information about the IEC code take a look at http://elagaan.com/business/import-export-code-iec . They also provide a service to get you your IEC code.