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IEC Code (Import - Export Code)
(1) No export or import shall be made by any
person without an Importer Exporter Code (IEC) Number unless specifically
exempted. An Importer/Exporter Code (IEC) number shall be granted on
application to the competent authority.
(2) An application for grant of IEC number shall be made by the
Registered/Head Office of the applicant to the licensing authority concerned
in the form specified and shall be accompanied by documents prescribed
therein.
(3) An Import Export Code No allotted to an applicant shall be valid
for all its branches/divisions/units/factories as indicated on the IEC
number.
(4) Where an IEC Code/ Import Export Code No is lost or misplaced,
the issuing authority may consider requests for grant of a duplicate copy of
IEC number, if accompanies by an affidavit.
(5) If an IEC holder does not wish to operate the allotted IEC
number, he may surrender the same by informing the issuing authority. On
receipt of such intimation, the issuing authority shall immediately inform
all the RBI/Customs/Licensing authorities that the said IEC number has
become inoperative.
(6) If there is any change in the name/address or constitution of
IEC holder/licensee/Actual User eligible for import without a
licence/recognised status holders, as the case may be, shall cease to be
eligible to import or export against the licence/IEC Number or any other
facility permitted under the Policy and Handbook, after expiry of 60 days
from the date of such change in his name or constitution, unless in the
meantime,
- the IEC holder/licensee/status holders has got the consequential
changes effected in the IEC number/licence or the recognition
certificate, as the case may be, by the concerned licensing
authority.
- the Actual User has got the consequential changes effected from
the concerned authority in the Industrial Licence issued by the
Secretariat for Industrial Assistance (Ministry of Commerce and
Industry) or Certificate of Registration as an Actual User issued by
Director of Industries of the State Government or has received an
acknowledgement for filing of a memorandum with the Secretariat for
Industrial Assistance. Provided, however, the licensing authority
issuing the IE Code may, condone the delay on payment of a penalty
of Rs.5000/-.
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