The provisions that cover the application of the IE Code can be found in the Handbook of Provisions at Paragraph 2.08. The Vide general notice no 27/2015 – 2020 on the 08/08/2018, where the indicated para was modified and the modifications can be applied with reference to IEC application is provided as: An online application in the form ANF 2A must be submitted by the importer/exporter. Only two documents are required to be submitted by the applicant which are the bank certificate or a printed cheque and evidence of address.
Evidence of Address
- The deed on the property where the business premises are owned by the business.
- An agreement of rent/lease for rented properties.
- Current utility bills such as electricity, landline or mobile bearing the name of the applicant.
- A certificate on GST registration.
- These pieces of evidence are valid for businesses that are owned personally.
- Voters Identity, Aadhar Card and Passport.
The documents that are listed above used to support the evidence of address must bear the name of the company, but self-owned businesses require the evidence of address to be in the name of the individual (the owner of the business) to be valid (Trade notice No. 39/2018-19 dated 12th December 2018).
The IE Code Validity
Applying for the IE Code does not require a regular update, submission, and modification as it is a once in a lifetime registration. The IE Code remains valid until the registration is canceled, rescinded or the business no longer exists. The individual carrying out the importation or exportation is not required to submit any document or follow a particular policy as opposed to PF or GST registration. As a result of its once in a lifetime registration, LLPs and companies are expected to submit an application after it has been incorporated.
Exemption from IE Code
Any business intending to import or export any kind of goods and service is required to obtain an Import/Export Code. But there are specific individuals who carry out importation or exportation without the IE Code. Import or Exports performed by the Central Government, Companies or Corporate bodies which are meant for national defense or other purposes that are specified in the 1993 Foreign Trade Order (in most cases, exemption from the application of rules). Importation and Exportation meant for personal purposes.