Foreign Trade Updates

To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii)

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011

Notification No. 34 /2015-2020 New Delhi, Dated: 29 January, 2016

Subject: Amendment in para 2.05 (c) of Foreign Trade Policy (2015-20)

S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the existing para 2.05 (c) of Foreign Trade Policy(2015-20) and introduces a new provision, part (d) under para 2.05. The existing para reads as under:

2.05 Importer-Exporter Code (IEC)

(c) Briefly, following are the requisite details /documents (scanned copies) to be submitted/ uploaded along with the application for IEC:

(i) Details of the entity seeking the IEC: (1) PAN of the business entity in whose name Import/Export would be done (Applicant individual in case of Proprietorship firms). (2) Address Proof of the applicant entity. (3) LLPIN /CIN/ Registration Certification Number (whichever is applicable). (4) Bank account details of the entity. Cancelled cheque bearing entity’s preprinted name or Bank certificate in prescribed format ANF-2A (I).

(ii) Details of the Proprietor/ Partners/ Directors/ Secretary or Chief Executive of the Society/ Managing Trustee of the entity: (1) PAN (for all categories) (2) DIN/DPIN (in case of Company /LLP firm)

(iii) Details of the signatory applicant: (1) Identity proof (2) PAN (3) Digital photograph …contd/- -2-

2. After amendment para 2.05 would read as under:

2.05 Importer-Exporter Code (IEC)

(c) Only the following are required to be uploaded along with the application for IEC with immediate effect:

(1) Digital photograph of the signatory applicant;

(2) Copy of the PAN card of the business entity in whose name Import/Export would be done (Applicant individual in case of Proprietorship firms);

(3) Cancelled cheque bearing entity’s pre-printed name or Bank certificate in prescribed format ANF-2A(I) 3. The new insertion, part (d) under Para 2.05 would read as under: (d) Only online application for IEC /modification in IEC can be made by applicants through digital signature (Class-II or Class-III) with effect from 1.4.2016.

4. Effect of this Notification: From the date of this notification only two documents are required to be uploaded /submitted along with the digital photograph while applying for IEC. Further, applications for IEC/ modification in IEC can be made only in online mode by applicants through digital signatures with effect from 1.4.2016.

(Anup Wadhawan) Director General of Foreign Trade E-mail: dgft[at]nic[dot]in [Issued from F.No.01/89/180/20/AM-13/PC-2 (B)]