How do I Get an Importer Exporter Code for Paypal?
How do I get an Importer Exporter Code online? Well the steps are easy. Actually, we do not have much of an option because RBI has made it compulsory for freelancers and professionals based in India using Paypal to withdraw funds to their local bank account to have an Importer Exporter Code or IEC. Here’s how you can get an IEC online:
1. The Importer Export Code is a simple 10 digit code, issued by the Ministry of Commerce and Industry. You can download the IEC application form here You can also get the form from any of the regional offices of Director General of Foreign Trade.
2. Filling the form is a simple, you need to skip Section C because it is for ‘modification of IEC number’. You’ll need a bank certificate, your PAN card copies, date of birth certificate and a Demand Draft of Rs 250 (please cross-check since the fee structure may have changed) drawn in favor of DGFT.
3.you’ve all the required documents, you can submit the application in person to your regional DGFT office or it can be sent through regular mail or speed post. You will be given a File Number that you have to use to find the present status of your application on dgft site.
Find out more information about how long it will take to get an IEC code
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Posted by Starwin on 2nd March, 2010
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