The DGFT is responsible for issuing licenses worldwide. Different licenses, such as the IEC, must be obtained by dealers. When Indian companies import and export internationally, they receive an IEC Code with ten digits. What to do if your IEC application is rejected is discussed in this article.
Introduction
The Import Export Code (IEC) is a crucial identification number issued to businesses engaged in import and export activities. This code is a mandatory prerequisite, and without it, businesses cannot partake in international trade. The application process for IEC involves a series of evaluations and once approved, it enables businesses to engage in cross-border transactions seamlessly.
However, if an application is rejected, understanding the subsequent steps becomes essential. Let us now delve into the process of applying for IEC and the implications of rejection.
How To Apply For An IEC?
The Directorate General of Foreign Trade (DGFT) serves as the regulatory authority for issuing IEC. The application process is outlined as follows:
- Visit the DGFT’s Official Website:
– Initiate the application process by visiting the official DGFT website through the provided link.
- Access the Application Portal:
– Click on the “Apply for new IEC/Modify Existing IEC” option to access the IEC application portal.
- Provide PAN Card Details:
– Users are required to provide their PAN card number and click on the “Search” option to proceed.
- Enter Personal Details:
– Input your full name as per the PAN card, along with your Date of Birth or Date of Incorporation.
- Verification and Redirection:
– The system verifies the provided details using the Central Board of Direct Taxes (CBDT) PAN database and redirects you to the DGFT’s IEC application page.
This streamlined process ensures that businesses can obtain their IEC for engaging in international trade activities.
What Happens If Your IEC Application Is Rejected?
If the IEC application faces rejection, it is imperative to understand the subsequent steps and potential reasons for rejection:
Step 1 – Review the Rejection Letter:
– Users can view the rejection letter provided by the DGFT. This document outlines the reasons for the application’s rejection.
Step 2 – Consider Reapplication:
– If the rejection is due to correctable issues, businesses have the option to reapply for IEC. The reapplication process involves addressing the identified issues to enhance the chances of approval.
Step 3 – Seek Expert Assistance:
– Businesses facing challenges in understanding the rejection reasons or correcting issues may consider seeking expert assistance. Professionals well-versed in trade regulations and IEC procedures can provide valuable guidance.
What Are The Different Outcomes While Filing An IEC Application?
When filing an Import Export Code (IEC) application, various outcomes may arise based on the provided details and the existing status of the applicant. Let’s explore the different scenarios:
- Correct PAN Details:
– If the PAN details are accurate, a “Login” option will appear. This enables users to proceed with applying for a new IEC.
- Existing IEC Attached to PAN:
– If the PAN number already has an associated IEC, the system will present an option. Users can choose to either view their existing IEC application or modify it according to their needs.
- Migration of Old IEC to New Format:
– In cases where users wish to migrate their old IEC to a new format on the same PAN card, the system provides an option. Users need to enter their token number, and upon submission, the system automatically facilitates the migration process.
- Completion of e-IEC Application:
– Upon successful completion of the e-IEC application, the system directs users to a new screen where they can add additional details and finalize the application.
- IEC Application Rejection:
– If the Directorate General of Foreign Trade (DGFT) rejects the e-IEC application, users have options for further action. They can choose to view the rejection letter, gaining insights into the reasons for rejection, or opt to reapply. To reapply, users must click on the appropriate message and provide their details again.
What Are The Different Ways You Can Pay The IEC Application Modification Fees Online?
Once modifications are made to the e-IEC application, users can proceed to pay the required fees online. The process involves several steps:
- Click on “Pay Online”:
– After making necessary changes, users need to click on the “Pay Online” option from the main menu.
- Application Fee Details:
– On selecting the “Application Fee” option, a new screen appears displaying essential information:
– PAN or IEC number
– Fee amount to be paid
– Number of successful transactions by the applicant
- Submit for Payment Confirmation:
– Users must press the “Submit” button to open the Payment Confirmation Screen.
- Verify Details and Proceed:
– If all the displayed details are correct, users should click on the “Proceed” button. This action redirects them to a new window featuring various payment options.
- Payment Options:
– The new window presents payment options such as:
– Credit Card/Debit Card
– Debit Card with ATM PIN
– Internet Banking
- Enter Details and Make Payment:
– Users need to enter all the required payment details and click on “Make Payment.”
- OTP Verification:
– Subsequently, an OTP (One-Time Password) is sent to the registered mobile number.
- Enter OTP and Submit:
– Enter the received OTP into the designated field and click “Submit” to complete the transaction.
Common Errors Users Encounter While Applying For An IE Code Online: Find the Solutions Here!
- Java Script Error:
– Ensure the latest version of Java is installed.
– Open the Java Policy file, add the line “Permission java. Security.All Permission;” at the end, and save changes.
– Restart the computer to save changes.
– Delete browser history and temporary files, adjust internet security settings.
– Add relevant websites (http://dgft.gov.in/ and http://dgftebrc.nic.in) to the Java security site list.
- Browser Compatibility Issues:
– Ensure compatibility with the latest versions of browsers such as Google Chrome, Mozilla Firefox, Microsoft Internet Explorer or Edge, and Apple Safari.
- Incomplete Details:
– Ensure all details of partners, directors, or trustees are provided completely for successful submission.
- Details Not Matching:
– Ensure that the company name matches the name on the bank account, removing any white spaces. Upload a supporting document for verification.
- Validation Issue:
– Address validation issues by ensuring the provided IEC number matches the associated details.
- DSC Issues:
– Install the necessary system drivers for Digital Signature Certificate (DSC) usage: DSC Token Driver and EMUDHRA Application Driver.
How do I proceed after my IEC application gets rejected?
- First and foremost, go to the official DGFT website and log in.
- Enter your PAN number and click on Search.
- The system will ask you to enter your company name, date of incorporation, file number and date.
- Provide these details and click on Submit to allow the system to verify the details entered.
- After verification, the system will dispatch OTPs to your registered mobile number and email ID.
- Enter these OTPs into the appropriate field and click on Submit.
- Opt for the Apply Again Option and re-submit your application.
Conclusion
The process of obtaining an Import Export Code (IEC) involves meticulous evaluation and demands technical details that might be confusing for those unfamiliar with such matters. In such cases, seeking assistance from knowledgeable and experienced professionals is crucial to ensure a swift registration.
For any further queries, doubts, or consultation regarding IEC applications, individuals are encouraged to reach out to our team of experts.
Read more,
- What Is the Procedure to Apply for IEC Code?
- How Much Time Does It Take to Update IEC?
- Is It Mandatory to Update IEC Code?
