Important Policies, Regulations and Procedures Governing Foreign Trade

• Customs Act 1962
• Customs Tariff Act 1975
• India Foreign Trade (Development and Regulation) Act (1992)
• Foreign Trade (Regulation) Rules 1993
• Foreign Trade Policy – 2009 - 14
• Foreign Trade Procedures – 2009 - 14
• International Trade Agreements
• Foreign Exchange Management Act 1999

Getting IEC Code

Eligibility condition and Legal Provisions are given for IEC Code Number Application in Foreign Trade (Regulation) Rules, 1993 and Directorate General of Foreign Trade Policy Circular No.15 (RE-2006)/2004-2009 Date: 27th July, 2006). Broad procedure is as under:-

• Application to be made by the Registered/Head Office of the applicant to the nearest Regional Authority of Directorate General Foreign Trade in the 'Aayaat Niryaat Form - ANF2A' along with Appendix-18B .
• Application Fee of Rs 250/- has to be paid by Demand Draft or through Electronic Fund Transfer to nominated bank.
• Only one IEC is issued against a single PAN number.
• An IEC number allotted to an applicant is valid for all its branches/divisions/units/factories.

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