Sage-Tips

Is bank account necessary for IEC code?

To apply for an IEC, PAN, bank account & valid address in the name of the firm is mandatory. Address may be physically verified by the DGFT on issuance of the IEC.

What is bank certificate for IEC code?

IEC Code Registration requires the following documents mandatorily: Bank Certificate or Pre-printed cancelled cheque from the bank. Aadhar card / Passport / Voter ID. Address proof of the business: Rent Agreement or Electricity Bill or Property Registration document for the place of business.

What are the documents required for getting IEC?

Documents required for IEC (Import Export Code) Registration

• Individual’s or Firm’s or Company’s copy of PAN Card.
• Individual’s voter id or Aadhar card or passport copy.
• Individual’s or company’s or firm’s cancel cheque copies of current bank accounts.
• Copy of Rent Agreement or Electricity Bill Copy of the premise.

Can I get IEC code with savings account?

One needs to have a bank account whether current or savings does not matter to obtain IEC. You need a letter with the AD code from the bank to apply for IEC. Usually when you open a company account, the bank will open a current account by default.

What is bank certificate for apeda registration?

This is to certify that we have verified the relevant Export Invoice, Custom attested E.P. Copy of Shipping Bill and other relevant documents of M/s______________________________ as per the detail given below. We further certify that the particulars given in Co. 1 to 7 have been verified and found correct.

How can I get IEC certificate?

Steps for IEC Registration Process:

1. Step 1: Go to the DGFT Website.
2. Step 2: Then You need to Go on Services tab.
3. Step 3: Enter your PAN number (A Person/if any Company PAN Card)
4. Step 4: Enter the your details (As Mentioned on PAN Card)
5. Step 5: Enter your mobile number to get (OTP) verification process.

What is proof of establishment for IEC?

Address proof of Establishment – Any utility Bill/ Rent Agreement. Canceled Cheque of Company Account, Proprietary Account. Company Incorporation/ Partnership/ Proprietorship Documents.

Is APEDA registration mandatory?

With respect to the export of scheduled products, APEDA registration is mandatory. Registered members can participate in training programmes organized by APEDA for various scheduled products and thereby improve their business.

Why does the bank need IEC code online?

The bank needs IEC code online when an importer sends money abroad by banks. IEC online is needed by the bank when an exporter gets money in foreign currency directly into his bank account. IEC code online is required at the customs port where an exporter has to give his shipments.

What are the benefits of IEC Registration?

IEC code also serves as the government identification as one can show this identity number for permission of the shipments. The various government advantages are also received by having an IEC registration procedure completed. Once received IEC code is valid for the lifetime of companies and requires no renewal.

What is an IEC license?

The IEC license is basically an Import-export code that is issued by the Directorate General of Foreign Trade & Ministry of Commerce & Industries. The IEC license is all thought very important for all the companies & businesses who are willing to widen their business through import & export.

How to obtain a bank certificate for importer exporter application?

While making an application for issue or modification in the Importer Exporter Code (IEC) Number, along with other supporting documents the applicant is required to provide a bank certificate. The applicant will have to obtain a duly signed and sealed bank certificate from its banker.