Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Policy Circular No. 31 (RE 2003)/2002-2007
Dated 01 April 2004
To,
All Regional Licensing Authorities
All Export Promotion Councils
Subject: Electronic Commerce- Regarding
A. All the IEC holders were required to file their annual trade returns on imports/exports for the FY 2002-03 by 31st March 2004. The IEC trade returns were to be submitted online on the DGFT website www.nic.in/eximpol. A large number of IEC trade returns have been filed on our website. The IEC holders who have not submitted their annual trade returns for various reasons may do so immediately otherwise their IEC shall be deactivated via online message exchange with Customs.
B. The online module for submitting annual trade returns for FY 2003-04 shall be available for submission on the DGFT website from 15th April 2004. All the IEC holders are requested to file their trade returns online expeditiously.
A. It has been observed that multiple IECs are being issued by RLAs to Proprietorship Concerns having a single PAN. With effect from 01 April 2004, a single IEC shall be issued against a single PAN for all categories of applicants. However, to avoid any difficulty in carrying out their import/export activity, different Proprietorship Concerns having the same Proprietor and same PAN, shall be listed under a common single IEC as different branches and the name of the IEC holder shall be as given in the Income Tax PAN certificate. Necessary modifications in the IEC software are being carried out in this regard.
B. The online module for submitting annual trade returns for FY 2003-04 shall be available for submission on the DGFT website from 15th April 2004. All the IEC holders are requested to file their trade returns online expeditiously.
A. It has been observed that multiple IECs are being issued by RLAs to Proprietorship Concerns having a single PAN. With effect from 01 April 2004, a single IEC shall be issued against a single PAN for all categories of applicants. However, to avoid any difficulty in carrying out their import/export activity, different Proprietorship Concerns having the same Proprietor and same PAN, shall be listed under a common single IEC as different branches and the name of the IEC holder shall be as given in the Income Tax PAN certificate. Necessary modifications in the IEC software are being carried out in this regard.
With effect from 1st April 2004, applications (all categories) submitted online on the DGFT website with digital signatures only shall be given the benefit of 50% reduction in licence fee. However, till the system stabilises a physical copy of the application along with supporting documents shall also be submitted to the Regional Licensing Authorities. Parties filing applications on-line without digital signature will not be entitled to the facility of concessional fees.