Home India Ministry of Commerce and Industry In exercise of powers conferred by Section 3 of FT D and R A...
Date: 2018-08-08 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred by Section 3 of FT D and R Act, 1992, read with paragraph

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Directorate General of Foreign Trade, effective August 8, 2018, amends paragraph 2.05 of the Foreign Trade Policy 2015-2020 regarding the Importer-Exporter Code (IEC). It details revisions to the IEC application process, clarifies exemptions, and shifts procedural information to paragraph 2.08 of the Handbook of Procedures. Key Points / Main Content: IEC Application and Requirements: * No export or import is permitted without an IEC number unless specifically exempted. * An online IEC application can be filed in ANF 2A with applicable fees and a digital signature. * When an e-IEC is approved, the applicant receives email notification that a computer-generated e-IEC is available on the DGFT website. * The applicant can view and print their e-IEC by clicking on "Application Status" and submitting the required details on the Online IEC Application webpage. * Service providers taking benefits under the Foreign Trade Policy need an IEC for service exports as per Chapter 3 provisions. Online Application Process: * The IEC application process is completely online. * Applicants must submit scanned copies of the following documents: * Digital photograph of the applicant. * PAN card copy of the business entity. * Cancelled cheque with the entity's pre-printed name or a bank certificate in the prescribed format ANF2A1. IEC Modification: * Applicants can submit online applications for IEC modifications through digital signature (Class II or Class III) by paying applicable fees and uploading the required documents. Handbook of Procedures Update: * Details on the IEC procedure are moved to paragraph 2.08 of the Handbook of Procedures. Impact Analysis: Exporters/Importers: * Impact: Revised procedures for obtaining, modifying, and managing IECs. Must comply with online application requirements. * Action Required: Follow the new online application process, ensure digital signatures are in place for modifications, and review updated guidelines on the DGFT website. Service Providers: * Impact: IEC is necessary for service exports when taking benefits under the Foreign Trade Policy. * Action Required: Obtain an IEC if seeking benefits under the Foreign Trade Policy, and comply with relevant provisions in Chapter 3. DGFT (Directorate General of Foreign Trade): * Impact: Responsible for implementing and managing the revised IEC procedures. * Action Required: Update website and systems to reflect the new online application process and Handbook of Procedures changes.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A policy document related to import and export regulations, which is being amended. Foreign Trade Development and Regulation Act, 1992: An act of the Indian Parliament that confers powers to the central government regarding foreign trade. Central Government: The executive authority responsible for amending the Foreign Trade Policy. Importer-Exporter Code (IEC): A code required for import and export activities, the guidelines for which are being revised. Directorate General of Foreign Trade: The organization responsible for implementing the foreign trade policy, and the source of this notification. Alok Vardhan Chaturvedi: Director General of Foreign Trade, signatory of the notification. Handbook of Procedures: A document that contains the detailed procedures related to the Foreign Trade Policy, specifically referenced for IEC application. New Delhi: The location from which the notification was issued. New Delhi, Delhi
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S.O. 3941(E).—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 and revises the provision in Para 2.05 of the Foreign Trade policy (2015-20) on Importer-Exporter Code (IEC) as under: 2.05 Importer-Exporter Code (IEC) Existing Para Revised Para (I) (a) Application for obtaining IEC may be (a) No export or import shall be made by any filed online in ANF 2A with applicable person without obtaining an IEC number unless specifically exempted. For services fees and submitted with digital exports, IEC shall be necessary as per the signature. provisions in Chapter 3 only when the (b) When an e-IEC is approved by the service provider is taking benefits under competent authority, applicant is the Foreign Trade Policy. informed through e-mail that a computer generated e-IEC is available (b) Exempt categories and corresponding on the DGFT website. By clicking on permanent IEC numbers are given in Para “Application Status” after having filled 2.07 of Handbook of Procedures. and submitted the requisite details in (c) Application process for IEC is completely “Online IEC Application” webpage, online and IEC can be generated by the applicant can view and print his e-IEC. applicant as per the procedure detailed in (c) The applicant may submit online the Handbook of Procedure. application with the following details /documents (scanned copies to be submitted/ uploaded) along with the IEC application: (i) Digital photograph of the signatory applicant; (ii) Copy of the PAN card of the business entity in whose name Import/Export would be done (Applicant individual in case of Proprietorship firms);4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (iii) Cancelled cheque bearing entity’s pre-printed name or Bank certificate in prescribed format ANF-2A(I) (d) For modification in IEC, applicants may submit online application through digital signature (Class-II or Class-III), by paying applicable fees and uploading requisite documents, corresponding to the changes sought. (e) Detailed guidelines for applying for e-IEC is available at http://dgft.gov.in/exim/2000/iec_anf/i ecanf.htm (II) No Export/Import without IEC: (i) No export or import shall be made by any person without obtaining an IEC number unless specifically exempted. (ii) Exempt categories and corresponding permanent IEC numbers are given in Para 2.07 of Handbook of Procedures. Effect of the Notification: Para 2.05 on IEC is revised and details on the procedure is shifted to para 2.08 of Handbook of Procedures. [F. No. 01/93/180/20/AM-13/PC-2(B)/e-5200] ALOK VARDHAN CHATURVEDI, Director General of Foreign Trade Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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