05 December 2012
My querry is w.r.t.IEC code...a person is engaged in the business of export of foodgrains..now he is willing to enter in the import line and wants to accept a consignment of import of scrap metal...the hs code falls under free import policy category..so how to proceed further?.the iec hs to be ammended or something?..or can he import using the current iec itself?please help...asap
An application for grant of IEC number shall be made by the Registered/Head Office of the applicant and apply to the nearest Regional Authority of Directorate General Foreign Trade, the Registered office in case of company and Head office in case of others, falls in the ‘Aayaat Niryaat Form - ANF2A’ and shall be accompanied by documents prescribed therein. In case of STPI/ EHTP/ BTP units, the Regional Offices of the DGFT having jurisdiction over the district in which the Registered/ Head Office of the STPI unit is located shall issue or amend the IECs.
Only one IEC would be issued against a single PAN number. Any proprietor can have only one IEC number and in case there are more than one IECs allotted to a proprietor, the same may be surrendered to the Regional Office for cancellation.