✔ Application preparation & filling.
✔ Completion of registration
✔ Drafting documents
In order to get code, an application must be made in the Aayaat Niryaat Form 2A format to the DGFT in that region where the registered office of the company is established. The government has also arranged an online filing facility for obtaining IEC CODE ONLINE.
Details of the business and its proprietors, directors or partners, bank account details, and a bank certificate are the basic requirements of ANF 2A. All the required documents for IEC need to be submitted with ANF 2A. A digital signature is required on the ANF2A form.
Once the application is complete, it should be filed with DGFT and an application fee needs to be paid to the government. IEC department may send back your application for correction/change. You need to reply back to the DGFT in 15 days.
Once the application is completely verified by the department, the Directorate General of Foreign Trade will allot an IE Code for your business. This IE code comes in both soft copy and hard copy. You receive the softcopy via email and can start the import-export transaction with this.
Lastly, you need to apply for both “PAN and TAN”. The PAN and TAN are usually received within 7 working days. Later, you have to get a bank account opened by submitting the “Certificate of Incorporation, MoA, AoA, and PAN” to the bank.