How to surrender an IEC code?

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How to surrender an IEC code?

Globalisation has opened India’s markets, sparking a boom in both imports and exports. This surge gave rise to a dedicated import-export industry, facilitating the flow of goods across borders. However, this openness also invites unwanted trade, necessitating strict inspection by excise and customs

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Under the guidelines established by DGFT, an Individual Exporter Code (IEC) is linked to a unique PAN number.

Each proprietor is entitled to possess only one IEC number. When a proprietor has been assigned multiple IECs, it is mandatory to voluntarily surrender the additional ones to the regional office for cancellation.

Furthermore, you can surrender the IEC Code in case of a Change of Business Objectives, Sale of Business or Business Unit or closure of Business. www.e-startupindia.com

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Steps to surrender an Import and Export Code (IEC) Online Step 1: Visit the official DGFT website at dgft.gov.in and navigate to the ‘Services’

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Step 2: Select ‘IEC Profile Management’ from the drop-down menu under services, Alternatively, use the direct link: https://www.dgft.gov.in/CP/?opt=iec-profilemanagement if you’re not logged in.

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Step 3: Explore the options on the page related to IEC prerequisites and processes. Scroll down until you find the ‘Surrender IEC’ option.

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Step 4: Login with your registered email address and password on the ‘Surrender IEC’ page. If you don’t have an existing account, you can create a new profile by providing details like your mobile number, pin code, district, state, and city.

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Step 5: After logging in, verify and input relevant business details such as PAN number and firm name. Click on ‘surrender’ to proceed.

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Documents And Details Required For IEC Code Surrender Registered Email Address and Password Firm Name Location and Address of the Business PAN Card of the IEC Holder IEC Licence Number The enclosure of the original IEC certificate Covering letter addressed to the Additional Director General of Foreign Trade Visit here for more information > How to surrender an IEC code. www.e-startupindia.com

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