In Nov'14, vide public notice no. 76, DGFT had made e-application for IEC(Import Export Code) mandatory from 1st Jan'15 onwards.
However, in Jan'15, vide public notice no. 80, the same was kept in abeyance till further notified date.
Now, vide public notice no. 83, dated 30th Jan'15, it has been notified that the e-application for IEC shall be mandatory from 1st Feb'15.
However, at the same time, DGFT has notified following banks with whom net banking facility needs to be accessed for online application of IEC:
1. HDFC Bank;
2. ICICI Bank;
3. Bank of India;
4. State Bank of India;
5. Central Bank of India;
6. Punjab National Bank;
8. Axis Bank;
9. Union Bank of India;
10. Oriental Bank of Commerce
The applicants, who don't have the net banking facility with any of the aforesaid banks may continue to apply IEC physically till any further date is notified for such category of applicants.
The said public notice may be accessed from the link herein below:
This Article has been shared by CA Sumit Grover.