IEC stands for “Import Export
Code”, it is a ten digit unique code issued by DGFT (Director General of
Foreign Trade) to the importers or exporters. For obtaining IEC an application
need to be filed to DGFT.
Checklist for IEC:
1. Pass
a board resolution for obtaining IEC and authorizing director for IEC.
2. A
Bank certificate need to be obtained in the format given in Appendix 18A in
which the account no. of the company shall be certified along with the
photograph of the director who will be authorised to file application for IEC
on behalf of the company.
3. Application
shall be filed in ANF 2A form along with the board resolution and the bank
certificate. http://zjdgft.tn.nic.in/anf2a.doc
4. Format
of board resolution:
“RESOLVED THAT Mr. A, Director of the
Company be and is hereby appointed as the Authorized Signatories of the Company
for the purpose of making, signing and filing applications, submissions and
other such documents on behalf of the Company for seeking registration with
Delhi Sales Tax and Central Sales Tax Authorities, Directorate General of Foreign
Trade for Import Export Code at Zonal Joint Director of Foreign Trade, Ministry
of Commerce & Industry, “A” Wing Indraprastha Bhawan, I.P.Estate, New
Delhi-110002, Customs and Central Excise Departments, Service Tax Registration and
other statutory registrations, permissions and approvals as may be considered
necessary or expedient from the concerned Government Authorities and to do all
acts, deeds and things as may be necessary for the purpose of giving effect to
this resolution.
RESOLVED FURTHER THAT the consent of
the Board be and is hereby accorded to Mr. A, Director of the Company to
appoint any consultant/s to represent the Company before the above mentioned
Government Departments and to issue a Power of Attorney on the name of the
Consultant/s so appointed in connection with the said registrations,
permissions and approvals.”
For further details regarding
drafting of scheme, technicalities in drafting of scheme and grant of option,
vesting etc. contact writer at nikita.1.singh@gmail.com
·
The information
given in this blog is the personal understanding of the writer and shall not be
used as a conclusive material. The content stated/mentioned here is subject to
changes by respective government/authorities in the applicable laws. The writer shall not be liable for any direct or
indirect damages caused to any person acting solely on/based upon the
information provided herein.
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