{"id":29030,"date":"2021-04-16T12:04:47","date_gmt":"2021-04-16T06:34:47","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=29030"},"modified":"2021-04-16T12:04:49","modified_gmt":"2021-04-16T06:34:49","slug":"what-to-do-if-application-for-iec-is-rejected","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/what-to-do-if-application-for-iec-is-rejected\/","title":{"rendered":"What to Do If Application for IEC is Rejected?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">As with the increasing competition in the business world, every business entrepreneur is trying to develop their business beyond the domestic market boundaries. Hence, if the business dealer plans to start their business globally, he will have to conform to certain mandatory procedures and obtain different license and registration and one of such license is the <a href=\"https:\/\/corpbiz.io\/iec-registration\"><strong>Import Export Code<\/strong><\/a> (IEC) license.<\/p>\n\n\n\n<p>Under\nGovernment of India the authority to issue license is Directorate General of\nForeign Trade (DGFT), Ministry of Commerce. Directorate General of Foreign\nTrade issues an IEC Code, which is a unique code of 10 digits to the Indian\nCompanies that are starting to deal with import and export business globally.\nIn this article, we will know what to do if your application for IEC is\nrejected. Continue reading to know more.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/what-to-do-if-application-for-iec-is-rejected\/#What_is_the_Procedure_of_IEC_Code_Registration\" >What is the Procedure\nof IEC Code Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/what-to-do-if-application-for-iec-is-rejected\/#Why_do_you_Need_IEC_Registration\" >Why do you\nNeed IEC Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/what-to-do-if-application-for-iec-is-rejected\/#What_are_the_Reasons_for_Rejecting_the_Application_for_IEC\" >What are the\nReasons for Rejecting the Application for IEC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/what-to-do-if-application-for-iec-is-rejected\/#What_Happens_When_IEC_Application_is_Rejected\" >What Happens\nWhen IEC Application is Rejected?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/what-to-do-if-application-for-iec-is-rejected\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Procedure_of_IEC_Code_Registration\"><\/span>What is the Procedure\nof IEC Code Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em><strong>The complete procedure&nbsp;of application for IEC Registration and the steps associated for obtaining the IEC code is given below:-<\/strong><\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step\n1:&nbsp;Go to DGFT Website<\/h3>\n\n\n\n<p>First log on to the <strong><em>DGFT<\/em><\/strong><sup><a href=\"https:\/\/www.dgft.gov.in\/CP\/\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> website, here there will be updates and latest notification on the screen.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 2:&nbsp; Then go to Services Tab<\/h3>\n\n\n\n<p>At the\ntop menu there is a Navigation button bar named \u201cServices\u201d. There will be a drop-down\nmenu that will provide with multiple services that is offered by DGFT that\nshall be placed, which also includes the \u201cIEC\u201d option. For application for IEC, Click on the IEC tab there and\nthen the following tabs will be given in the display as is given below.<\/p>\n\n\n\n<p><strong>Online IEC Application<\/strong><\/p>\n\n\n\n<ul><li>View your IEC<\/li><li>IEC Status at Custom<\/li><li>IEC Help<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 3:<\/strong>&nbsp;Enter PAN Number <\/h3>\n\n\n\n<p><strong>The applicant should enter his PAN number in the Text\nBox. <\/strong>In case of an Entity\nfirm or Company- Enter the PAN Card Number of the Proprietor <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 4:<\/strong>&nbsp;Enter Details Given on PAN Card<\/h3>\n\n\n\n<p>In this step, the applicant shall enter the essential\ndetails like the name, birth date and fill the Captcha Code. <strong>The name\nentered must be as has been<\/strong> maintained on the PAN Card. Next \u2014\nClick on the&nbsp;<strong>submit button<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 5:<\/strong>&nbsp;Verification Process: &#8211; Enter Mobile no. to get\nOTP<\/h3>\n\n\n\n<ul><li>The applicant shall enter\nMobile number<\/li><li>The applicant shall\nprovide his Email ID<\/li><li>The applicant shall enter\nthe Captcha Code on the box and Click on the \u201c<strong>Generate OTP<\/strong>\u201d button<\/li><li>The applicant shall\nreceive an&nbsp;<strong>OTP number<\/strong>on<strong>&nbsp;his mobile and email id both.<\/strong><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 6:&nbsp;<\/strong>Fill and Update Application\nEntity Details<\/h3>\n\n\n\n<p>The\napplicant shall be required to fill all the required application entity\ndetails.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 7:&nbsp;<\/strong>Add Branch Details<\/h3>\n\n\n\n<p>After filling and updating the application.The applicant shall enter the branch details. In this section a proprietorship or a company may be filled and after filling all the significant details click on&nbsp;<strong>\u201cADD\u201d.<\/strong>&nbsp;If there is no Branch Office then the space shall be left empty.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 8:<strong>&nbsp;<\/strong>Fill\nDirector\/Partner Details<\/h3>\n\n\n\n<p>Now, the applicant shall fill all the details\nrequired of the Director or Proprietor or Partner or managing trustee. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 9:&nbsp;Upload Scanned Documents<\/strong><\/h3>\n\n\n\n<p>Now the applicant needs to click on the step 4 for\nuploading the requisite documents.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 10:&nbsp;<\/strong>Fee Payment (Debit\/Credit\nCard\/Net Banking)<\/h3>\n\n\n\n<p>Here the amount of Rs. 500- shall be paid as the government\nfee of IEC application. Now the payment can be made by using any the Debit or Credit\nCard or by Wallets payment facility and Net Banking is also available. After\nsuccessfully making the payment, then select \u201cVerify Pay\u201d to verify the\npayment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 11:&nbsp;<\/strong>Preview &amp; Print\nApplication<\/h3>\n\n\n\n<p>After verifying fee payment, the applicant can\npreview and take print of the application for business or official purposes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 12:&nbsp;<\/strong>Final Submission <\/h3>\n\n\n\n<p>In this step, all the above-mentioned number and details will be displayed. The DGFT Office will be automatically selected and displayed and then Click on proceed further to finally \u201cSubmit and Generate IEC Certificate\u201d.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/is-it-possible-to-import-commodities-from-abroad-without-iec\/\">Is it Possible to Import Commodities from Abroad without IEC? Let\u2019s find out!<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_do_you_Need_IEC_Registration\"><\/span>Why do you\nNeed IEC Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em><strong> The benefits that a business gets after IEC registration are discussed below: <\/strong><\/em><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/Why-do-you-Need-IEC-Registration.png\" alt=\"IEC Registration\" class=\"wp-image-29051\" width=\"520\" height=\"518\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/Why-do-you-Need-IEC-Registration.png 1000w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/Why-do-you-Need-IEC-Registration-150x150.png 150w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/Why-do-you-Need-IEC-Registration-300x300.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/Why-do-you-Need-IEC-Registration-768x766.png 768w\" sizes=\"(max-width: 520px) 100vw, 520px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Reasons_for_Rejecting_the_Application_for_IEC\"><\/span>What are the\nReasons for Rejecting the Application for IEC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Even after submitting all the documents,&nbsp;there can still be a reason for the rejection\nof the application for IEC. It can be due to the reason that the\napplicant did not complete the application form properly. The discrepancies that can be the reason\nbehind the rejection of the application for IEC is given below:-<\/p>\n\n\n\n<ul><li>Wrong name of the\napplicant <\/li><li>There is mismatch\nin the name of the company with that with the PAN card<\/li><li>Banks details are incorrect<\/li><li>There are some amends or changes\nin the business and it is not updated<\/li><\/ul>\n\n\n\n<p>In any of the cases given above,\nthe&nbsp;IEC&nbsp;application shall stand rejected. Hence, it is required that\nthe applicant\u2019s files the application form very carefully and ensure its\ncorrectness and keep all the essential documents handy. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Happens_When_IEC_Application_is_Rejected\"><\/span>What Happens\nWhen IEC Application is Rejected?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>On the rejection\nof application for IEC, it will be difficult to continue with the import and\nexport of goods and services and the business will not be able to run\nseamlessly.<\/li><li>A hefty penalty\nhas to be given for the same by the applicants or the companies occupied in the\nimport export business.<\/li><li>It is the\nindividual\u2019s or the company\u2019s responsibility to scrutinize the application properly\nbefore its submission. This will save time.<\/li><\/ul>\n\n\n\n<p>The applicant should have the IEC Code as the IEC code helps to\nprevent such situation when IEC application is rejected. Thus, the individuals\nand companies should apply for the IEC code to lessen the chances of hindrances\nwhere IEC application is rejected. If the application for IEC is rejected, the\nsolution is to re- apply for the same more cautiously.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Hence you must make sure that the paperwork and application for IEC registration is absolutely complete and there is no missing document. If the applicant has all the documents handy, the application process automatically becomes faster and simplified. Moreover, you have <a href=\"https:\/\/corpbiz.io\/\"><strong>Corpbiz<\/strong><\/a> will assist that you with the application for&nbsp;IEC. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/advantages-of-iec-registration-in-india\/\">Advantages of Obtaining IEC (Import Export Code) Registration in India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As with the increasing competition in the business world, every business entrepreneur is trying to develop their business beyond the domestic market boundaries. Hence, if the business dealer plans to start their business globally, he will have to conform to certain mandatory procedures and obtain different license and registration and one of such license is [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":29036,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[1668],"acf":{"service_id":"16"},"authorName":"Kandarp Vanita","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/image_2021_02_01T09_09_44_024Z.png","authorDescription":"Kandarp Vanita has done masters in Corporate and Commercial Law from WB National University of Juridical Sciences. She has 3 yrs of experience in drafting legal documents &amp; dissertations. Being a curious reader, she is also passionately into providing legal backups and comprehensive understandings in every aspect of Law to the firms.","postViews":5375,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/29030"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=29030"}],"version-history":[{"count":6,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/29030\/revisions"}],"predecessor-version":[{"id":29052,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/29030\/revisions\/29052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/29036"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=29030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=29030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=29030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}