Registration With The Regional Licensing Authorities:
The Customs Authorities will now allow the exporter to export or import goods into or from India unless he holds a valid IEC number. Before applying for IEC number it is necessary to open a bank account in the name of the company with any commercial bank authorized to deal in foreign exchange. The duly signed application form should be supported by the following documents.
- Bank receipt ( in duplicate ) / Demand Draft for payment of the fees of Rs. 1000/-
- Certificate from the banker of the applicant firm as per Annexure 1 to the form given.
- One copy of PAN number issued by Income Tax Authorities duty attested by the applicant.
- One copy of Passport Size photographs of the applicant duly attested by the banker to the applicant.
- Declaration by the applicant that the proprietor/partners/directors as the case may be of the applicant company, are not associated as proprietor/partners/directors in any other firm, which has been caution, listed by the RBI. Where the applicant declares that they are associated as proprietor/partners/directors in any other firm, which has been caution, listed by the RBI, they will be allotted IEC No. but with an additional condition that they can export only with RBI’s prior approval and they should approach RBI for the purpose.
- Each importer/exporter shall be required to file importer/exporter profile once with the licensing authority shall enter the information furnished in Appendix 2 in their database so as to dispense with changes in the information given in Appendix-2, importer/exporter shall intimate the same to the licensing authority.
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