{"id":36929,"date":"2022-05-18T18:19:25","date_gmt":"2022-05-18T12:49:25","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=36929"},"modified":"2024-06-01T15:04:58","modified_gmt":"2024-06-01T09:34:58","slug":"surrender-an-importer-exporter-code","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/surrender-an-importer-exporter-code\/","title":{"rendered":"How to Surrender an Importer &#8211; Exporter Code?"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-36930 size-full\" src=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/05\/How-to-Surrender-an-Importer-Exporter-Code-1.png\" alt=\"How to Surrender an Importer - Exporter Code\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/05\/How-to-Surrender-an-Importer-Exporter-Code-1.png 1200w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/05\/How-to-Surrender-an-Importer-Exporter-Code-1-300x158.png 300w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/05\/How-to-Surrender-an-Importer-Exporter-Code-1-1024x538.png 1024w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/05\/How-to-Surrender-an-Importer-Exporter-Code-1-615x323.png 615w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/05\/How-to-Surrender-an-Importer-Exporter-Code-1-400x210.png 400w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/05\/How-to-Surrender-an-Importer-Exporter-Code-1-292x153.png 292w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Every business has a goal to make their product a global. No export or import is possible without <\/span><a href=\"https:\/\/www.dgft.gov.in\/CP\/?opt=iec-profile-management#:~:text=An%20Importer%20%2DExporter%20Code%20(IEC,an%20IEC%20unless%20specifically%20exempted.\"><span style=\"font-weight: 400;\">IEC<\/span><\/a><span style=\"font-weight: 400;\"> unless specifically exempted. \u00a0An Importer -Exporter Code (IEC) is a main business identification number. It is mandatory number for export from India or Import to India. There is phase in business maybe closure of business, completion of task etc., when the entity does not need IEC anymore then they apply for surrender. In this blog we will deal about How to surrender an importer-exporter code.<\/span><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid #555;\">\n<p style=\"text-align: justify;\"><b>Table of Content<\/b><\/p>\n<ul>\n<li><a href=\"#Importer\">Importer \u2013 Exporter Code<\/a><\/li>\n<li><a href=\"#Need\">Need of Importer \u2013 Exporter Code<\/a><\/li>\n<li><a href=\"#When\">When require to surrender IEC License?<\/a><\/li>\n<li><a href=\"#Necessary\">Necessary Documents for Importer-Exporter Code Surrender<\/a><\/li>\n<li><a href=\"#Process\">Process to surrender Importer-Exporter code online<\/a><\/li>\n<li><a href=\"#Conclusion\">Conclusion<\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"Importer\" style=\"text-align: justify;\"><b>Importer \u2013 Exporter Code\u00a0<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">An Importer -Exporter Code (IEC) is a main business identification number. It is mandatory number for export from India or Import to India. Some of the other important points about IEC are:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IEC (Importer Exporter Code) is a unique 10-digit numeric code issued on the base of PAN card of a business.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An individual or a business who wants to do international business can get an IEC and the individuals can use either the name of their company or their name directly to apply for IEC.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Except when the service provider is taking benefits under the Foreign Trade Policy, the IEC is not necessary.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Directorate General of Foreign Trade (DGFT) issues IEC, which is under Ministry of Commerce, Government of India in the electronic form (e-IEC).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The application fee for getting IEC is Rs. 500\/-<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nevertheless, the IEC is a ten-digit number code granted on the individuals or company PAN card, one should not surrender an existing IEC number that is not linked with the PAN and apply a new one.<\/span><\/li>\n<li id=\"Need\">Because the Importer &#8211; Exporter shall not be able to apply again for IEC with the same PAN even if he gets the numeric IEC surrendered or cancelled.<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>Need of Importer \u2013 Exporter Code\u00a0<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Following points clearly shows what is the need of Importer \u2013 Exporter Code:\u00a0<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <a href=\"https:\/\/www.cagmc.com\/import-export-code\/\">IEC<\/a> number is compulsory for the international movement of goods, regardless of citizenship, place of business, or structure of the organisation\/business.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is an essential document for engaging in import or export business in India.\u00a0<\/span><\/li>\n<li id=\"When\">IEC number is also mandatory for customs clearances, bank remittances, and by port authorities<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>When require to surrender IEC License?<\/b><\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">At the time of Closure of Business<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">During the time of winding up of <\/span><span style=\"font-weight: 400;\">company<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">At the time of selling the business<\/span><\/li>\n<li id=\"Necessary\">When one closes the division of the Import export in the business.<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>Necessary Documents for Importer-Exporter Code Surrender<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Following documents are necessary for Importer-Exporter Code Surrender:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Registered Email Address and Password<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Firm\/business Name<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Address of the <\/span><span style=\"font-weight: 400;\">Business<\/span><span style=\"font-weight: 400;\"> and Location<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IEC holder <a href=\"https:\/\/www.cagmc.com\/how-to-apply-for-instant-pan-card\/\" target=\"_blank\" rel=\"noopener\">PAN Card<\/a><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IEC License Number<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Attachment of original IEC certificate<\/span><\/li>\n<li id=\"Process\">Cover letter addressed to the Additional Director General of Foreign Trade<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>Process to surrender Importer-Exporter code online<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Followings steps are the process to surrender Importer \u2013 Exporter online:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Log in to the DGFT\u2019s official website\u00a0(<\/span><a href=\"https:\/\/www.dgft.gov.in\/CP\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">dgft.gov.in<\/span><\/a><span style=\"font-weight: 400;\">) and choose the \u2018Services\u2019 tab on the homepage\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Choose \u2018IEC Profile Management\u2019 from the drop-down menu on services. If you aren\u2019t already logged in, then directly reach this page using this link \u2013\u00a0<\/span><span style=\"font-weight: 400;\">https:\/\/www.dgft.gov.in\/CP\/?opt=iec-profile-management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">On this page, several options such as the prerequisites and processes involved with the IEC will appear. Scroll down the page until \u2018Surrender IEC\u2019\u00a0option will appear.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">On same page, log in with registered email address and password, if you are new then, create a new profile at this stage by filling in details like mobile number, pin code, district, state, and city.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check-in the relevant business details such as the PAN number, firm name, etc., after logging in and then click on \u2018surrender\u2019.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The IEC, once successfully suspended, will be revoked for all future transactions of the applicant business.\u00a0<\/span><\/li>\n<\/ul>\n<p id=\"Conclusion\" style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Further, after the surrender of IEC, the authority issuing such surrender will notify all the concerned departments such as the RBI, Customs or Licensing authorities that the IEC number has become out of use.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Conclusion<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Hence, The IEC number is compulsory for the international movement of goods, regardless of citizenship, place of business, or structure of the organization\/business. There is phase in business maybe closure of business, completion of task etc., when the entity does not need IEC anymore then they apply for surrender.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every business has a goal to make their product a global. No export or import is possible without IEC unless [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":36930,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Surrender an Importer - Exporter Code? - CAGMC<\/title>\n<meta name=\"description\" content=\"Read Article on How to Surrender an Importer \u2013 Exporter Code?. 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