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St Thomas Mount Metro catchment · St Thomas Mount IEC

IEC Registration near St Thomas Mount Cantonment, St Thomas Mount

End-to-end IEC for St Thomas Mount commercial residential mix with airport proximity establishments — backed by a 15+ year track record

St Thomas Mount hospitality and aviation units around St Thomas Mount Cantonment — fixed fee, deterministic turnaround and archived working papers. Call 9566-068-468.

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Quick Answer

What is an Importer Exporter Code (IEC) and who issues it in St Thomas Mount, Chennai?

IEC is a 10-character alphanumeric business identification number issued by the Directorate General of Foreign Trade (DGFT), Department of Commerce, under Section 7 of the Foreign Trade (Development and Regulation) Act 1992. Since 1-July-2017 the IEC is the same as the entity's PAN, but it must be separately activated on the DGFT portal at dgft.gov.in. Without an active IEC no person can import into or export from India.

Transparent Pricing

IEC Registration in St Thomas Mount — Plans & Pricing

Fixed fees · Zero hidden charges · Call 9566-068-468 for a custom quote.

MonthlyAnnualSave 2 Months
New IEC
Basic
IEC in 1-2 working days
₹1,500one-time

  • IEC Application on DGFT Portal
  • IEC Certificate Immediate on approval
  • DGFT Portal Account Setup
  • IEC Modification address bank etc.
  • LUT for Zero-rated Exports
  • Class 3 DSC
  • Export Incentive Schemes Advisory
Most Popular ⭐
Standard
IEC + advisory
₹2,500one-time

  • IEC Application on DGFT Portal
  • IEC Certificate Immediate on approval
  • DGFT Portal Account Setup
  • IEC Modification address bank etc.
  • LUT for Zero-rated Exports
  • Class 3 DSC (Add-on)
  • Export Incentive Schemes Advisory
Full export setup
Exporter
IEC + LUT + DSC
₹5,000one-time

  • IEC Application on DGFT Portal
  • IEC Certificate Immediate on approval
  • DGFT Portal Account Setup
  • IEC Modification address bank etc.
  • LUT for Zero-rated Exports
  • Class 3 DSC
  • Export Incentive Schemes Advisory

Swipe to see all plans

Prices exclude GST. For enterprise pricing, call 9566-068-468.

Why FilingPro?

Why St Thomas Mount Clients Choose FilingPro

Expert IEC in St Thomas Mount — qualified professionals, 15+ years experience, zero-penalty track record.

LUT Filed Under Rule 96A

Letter of Undertaking in Form GST RFD-11 is filed annually under Rule 96A of the CGST Rules — St Thomas Mount exporters ship goods and services without payment of IGST, freeing working capital that would otherwise be locked till refund.

EDPMS Reconciliation

Every shipping bill is tracked on EDPMS until BRC closure within the 9-month FEMA realisation window under Section 8 of FEMA 1999 read with the RBI Master Direction on Export of Goods and Services 2015-16 — no caution-listing for St Thomas Mount exporters.

RoDTEP Scrip Realisation

RoDTEP rates from Appendix 4R of HBP 2023 are pre-mapped to the St Thomas Mount exporter's HS codes. The claim flag is selected on the very first shipping bill and the e-scrip is auto-credited on closure — no manual claim, no missed scrips.

EPCG / Advance Authorisation Advisory

For manufacturer-exporters in St Thomas Mount the choice between EPCG (capital goods), Advance Authorisation (inputs) and Section 65 MOOWR (in-bond manufacturing) is structured before any duty is incurred. Bond, BG, EO tracking and redemption all coordinated.

DGFT Denied-Entity Vigilance

Every St Thomas Mount client is screened against the DGFT denied entity list before each shipment. Pending obligations under EPCG / Advance Authorisation are flagged before the EO period expires — Section 8 / Section 9 FT(D&R) Act suspension never reaches the St Thomas Mount client.

IEC Issued Instantly

Every ANF-2A is reviewed for PAN-bank-address consistency before submission. St Thomas Mount clients with clean validation receive the 10-character IEC within minutes of the ₹500 fee payment — no officer routing.

Key Benefits

What St Thomas Mount Clients Get

Every IEC Registration engagement delivers measurable, guaranteed outcomes — expert professionals, on time, every time.

No Annual Update Deactivation
Annual IEC updates filed every April-May for St Thomas Mount clients — well ahead of the 30-June deadline. No automatic deactivation on 1-July, no shipping bill rejection on ICEGATE, no scramble for reactivation.
FTP 2023 Incentives Unlocked
RCMC from the right EPC is held on day one — every St Thomas Mount exporter is eligible for RoDTEP, RoSCTL, EPCG, Advance Authorisation, Duty Drawback brand rate and status holder recognition. Para 2.59 FTP 2023 pre-condition cleared.
IGST Working Capital Saved
LUT under Rule 96A frees IGST working capital on export of goods and services for St Thomas Mount clients. Where IGST is paid, Rule 96 auto-disbursement on shipping bill scroll ensures refund within 7-15 days of EGM.
RoDTEP Scrips Auto-Credited
RoDTEP scrips credit to the St Thomas Mount exporter's RoDTEP ledger on ICEGATE on each shipping bill closure — transferable, monetisable and applied against any duty payable. Appendix 4R rates pre-mapped to HS codes.
Duty Drawback Claimed Concurrently
Drawback All Industry Rates under Section 75 Customs Act 1962 read with Drawback Rules 2017 claimed concurrently with RoDTEP for the non-overlapping component. Brand rates filed where AIR is inadequate for St Thomas Mount manufacturer-exporters.
EPCG Capital Goods Duty-Free
St Thomas Mount manufacturer-exporters import capital goods at zero customs duty under EPCG with 6× export obligation over 6 years. Bond and BG with Customs executed and EO discharge tracked through redemption.
Comparison

IEC (Importer-Exporter Code) vs RCMC (Registration-cum-Membership Certificate)

Why this matters here — In St Thomas Mount, the cluster of hospitality, aviation, logistics businesses that defines St Thomas Mount's commercial fabric; served by short connections to Guindy and Alandur and onward to central Chennai.

AspectIEC (Importer-Exporter Code)RCMC (Registration-cum-Membership Certificate)
What it isA 10-digit code - now identical to the firm's PAN - that is the basic licence to import into or export out of IndiaMembership proof from an Export Promotion Council or Board, needed to claim export incentives and authorisations
Issuing authorityDirectorate General of Foreign Trade (DGFT), Ministry of Commerce, via the dgft.gov.in portalThe relevant Export Promotion Council or Commodity Board (FIEO, EEPC, AEPC, APEDA, etc.) through the DGFT common e-RCMC platform
Statutory basisSection 7 of the Foreign Trade (Development & Regulation) Act 1992 read with the Foreign Trade Policy 2023Chapter 2 of the Foreign Trade Policy 2023 and the Handbook of Procedures 2023, on Form ANF 2C
When it is requiredMandatory before the first import or export consignment can clear customs - no cross-border trade is possible without itRequired only when the exporter wants scheme benefits such as RoDTEP, Advance Authorisation or EPCG, or council services
Validity and upkeepPermanent, but must be electronically confirmed or updated every year during April to June or it is deactivatedValid for five financial years, then renewed with the council
Indicative costGovernment fee of ₹500 on the DGFT portal; annual updation is freeCouncil membership or registration fee varies by council and turnover slab
Documents Required

Documents for IEC Registration

Share documents via WhatsApp to 9566-068-468. No office visit required for St Thomas Mount clients.

PAN of the entity (Proprietor / Partnership / LLP / Company)
Aadhaar of the proprietor or authorised signatory for OTP authentication
Cancelled cheque or banker's certificate showing entity name / account number / IFSC
Address proof of business premises — electricity bill, rent agreement, sale deed or telephone bill (not older than 2 months)
DSC (Class 3) of authorised signatory for Partnership / LLP / Company
Board resolution or partnership authorisation letter naming the IEC signatory
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Statutory Deadlines

Compliance deadlines that matter

Miss any of these and the next consequence kicks in automatically.

Deadlines in this neighbourhood — In St Thomas Mount, the business activity radiating outward from St Thomas Mount Cantonment and nearby commercial pockets.

Trigger eventDaysFormConsequence
Change in particulars of IEC like address, partner, director, bank account, branch90 daysIEC Modification on DGFT portal with supporting documents like fresh deed, board resolution, bank declarationDGFT treats post-90-day filing as Deviation from Declared Particulars and routes through manual scrutiny at Jurisdictional RA office, customs holds shipping bills on partner-list mismatch with GSTIN, condonation requires personal hearing and CA-certified timeline of bona fide delay
Filing of RoDTEP scrip claim for an exported shipping bill365 daysAutomatic at shipping bill filing on ICEGATE; final crediting after BRC closure on EDPMSLapse of RoDTEP entitlement of 0.5 to 4.3 percent of FOB value, loss of transferable scrip that has secondary market value to other importers, no second chance to claim since the scheme is shipping-bill-anchored and not separately applicable post the LEO date
Validity of Registration cum Membership Certificate from date of issue1825 daysRCMC Renewal application with concerned Export Promotion Council with CA-certified export performance statement of preceding 3 years, audited financials, IEC copyLoss of duty drawback at higher All Industry Rate falling back to lower default rate, blocking of EPCG and AA filings since RCMC is prerequisite, suspension of Star Export House and other status recognitions, denial of council-specific subsidies and market access schemes
Clearance of pending export bills on EDPMS for shipping bills more than 9 months old270 daysEDPMS reconciliation through AD Bank with FIRC, inward remittance certificate, and BRC for each pending shipping billPending entries flagged in RBI XOS Statement as overdue, AD Bank trade limits get reviewed downward, FEMA compounding exposure of 2 to 5 percent of contravention value, blocking of fresh outward remittance for import payments since IEC gets flagged for export realisation default
Realisation of export proceeds against a shipping bill in foreign currency270 daysBRC closure on EDPMS through AD Bank with matched FIRC and inward remittance certificateRoDTEP scrip claim blocked, duty drawback at composite rate disallowed, GST refund of IGST paid on exports gets held by jurisdictional GST officer, AD Bank reports under XOS Statement to RBI as overdue export bill which may attract FEMA contravention proceedings under Section 13
Annual IEC update window after start of each financial year90 daysIEC Modification path on DGFT portal with Aadhaar e-Sign re-confirmation of declared particularsIEC status auto-flips to Deactivated on 1-July if not updated by 30-June, ICEGATE blocks all fresh shipping bills and bill of entry filings, containers in transit get stuck causing demurrage of Rs 8000 to 15000 per container per day at major ports, RoDTEP and drawback claims on pending bills also frozen
Registration or update of AD Code at a customs port where exports will be filed30 daysAD Code letter from bank on bank letterhead, IEC copy, GSTIN, authorised signatory specimen, registered through CHA on ICEGATEICEGATE rejects shipping bill with AD_CODE_NOT_REGISTERED error blocking export from that port, fallback amendment under Section 149 takes 5 to 7 days during which demurrage accrues, alternative re-routing to a registered port adds inland transport cost of Rs 25000 to Rs 75000 per container depending on distance
Fulfilment of export obligation under EPCG scheme from date of authorisation2190 daysEO Discharge application on DGFT portal with shipping bills, BRC, CA certificate of value addition and EO fulfilment statementRecovery of full customs duty saved at import plus 15 percent simple interest per annum from date of clearance, composition fee option available at 10 percent of duty saved on unfulfilled portion if extension is granted, defaulter listing in DGFT denied entity list blocking future authorisations

Deadline pressure points we see in St Thomas Mount: For St Thomas Mount engagements specifically — for St Thomas Mount IT-services firms managing export-LUT cycles alongside payroll and TDS.

Forms Library

Forms used in this engagement

ANF 2AApplication for Importer-Exporter Code (IEC)

Online application by the firm to obtain a fresh 10-digit PAN-based IEC, capturing firm details, proprietor/partner/director particulars and bank account

Before the first import or export consignment Directorate General of Foreign Trade (DGFT), dgft.gov.in
ANF 2A (Modification)Application for modification of IEC particulars

Update firm name, address, constitution, directors/partners or bank details on an existing IEC

Promptly after any change in particulars Directorate General of Foreign Trade (DGFT)
Annual IEC UpdationElectronic confirmation or updation of IEC

Mandatory yearly confirmation that IEC details are current - even where nothing has changed - to keep the IEC active

Every year during April to June Directorate General of Foreign Trade (DGFT)
ANF 2A (Surrender)Surrender of Importer-Exporter Code

Voluntary surrender of an IEC the firm no longer needs; DGFT informs Customs and RBI

When the firm ceases import/export activity Directorate General of Foreign Trade (DGFT)
AD Code RegistrationAuthorised Dealer (AD) Code registration letter

Bank-issued AD Code, registered at each port on ICEGATE, without which shipping bills cannot be filed

Before the first export from a given port Authorised Dealer bank; registered with Customs (ICEGATE)
Bank Certificate / Cancelled ChequeProof of the firm's current bank account

Establishes the firm's bank account for the IEC and for receipt of export proceeds

At the time of IEC application Authorised Dealer bank
e-BRCElectronic Bank Realisation Certificate

Digital certificate confirming realisation of export proceeds, used to substantiate incentive claims

After realisation of export payment Authorised Dealer bank, uploaded to the DGFT portal
Aadhaar e-Sign / DSCAuthentication of the IEC application

Digitally authenticates the application through the proprietor's or authorised signatory's Aadhaar e-Sign or Class 3 DSC

At submission of ANF 2A DGFT portal

IEC Registration in St Thomas Mount, Chennai 600016

St Thomas Mount is a commercial-residential mix near Chennai Airport with hospitality logistics and aviation-support businesses anchored by the historic cantonment. Statutory correspondence for St Thomas Mount businesses routes through the Saidapet Division, so we align every IEC Registration engagement to that jurisdiction from the start. For IEC Registration at PIN 600016, understanding the Saidapet Division's documentation norms removes most of the friction from the process. We keep a cycle-by-cycle record of how the Saidapet Division of the Chennai South handles St Thomas Mount filings and approvals.

St Thomas Mount reads as a commercial residential mix with airport proximity pocket with high commercial activity, anchored around Mount Railway Station and fed by the St Thomas Mount Metro corridor. The businesses clustered around Mount Railway Station in St Thomas Mount drive the bulk of the IEC Registration workload we see each cycle. Working in St Thomas Mount brings a logistical edge: proximity to Mount Railway Station and the St Thomas Mount Metro corridor keeps physical document handling fast. St Thomas Mount sustains a high flow of commerce for a commercial residential mix with airport proximity locality, and that flow is the raw material for the IEC files we close here.

aviation units around St Thomas Mount share recurring IEC patterns — input-credit timing, vendor reconciliation, and sector-specific documentation. Because St Thomas Mount hosts a cluster of aviation businesses, we benchmark each new IEC Registration engagement against patterns we already track for the locality. Sector concentration matters: when St Thomas Mount leans toward aviation, the IEC risks cluster around the same few line items each cycle. Mixed aviation activity across St Thomas Mount means our IEC team keeps sector playbooks ready rather than improvising per client.

The St Thomas Mount IEC Registration workflow is documented end-to-end: WhatsApp document intake, a working file, qualified review, and a filed acknowledgement back to you. Working papers for St Thomas Mount IEC Registration engagements stay archived and retrievable, which makes any later notice or query straightforward to answer. The qualified-review step on every St Thomas Mount IEC file is where errors get caught before they reach the portal. Fixed-fee scoping means a St Thomas Mount business knows the IEC Registration cost up front, with no surprise additions mid-engagement.

We treat St Thomas Mount and Pallavaram as one catchment for IEC Registration, which keeps documentation and turnaround consistent. Businesses straddling St Thomas Mount and Pallavaram get a single IEC point of contact rather than two. Group companies spread across St Thomas Mount and Pallavaram consolidate their IEC under one engagement with us. Proximity to Pallavaram means a St Thomas Mount engagement can extend across the locality cluster with no change in cadence.

Sector signals in St Thomas Mount — seasonal aviation swings and peak-period volumes — shape how we schedule IEC work. Each engagement in St Thomas Mount adds to a record of what the Chennai South jurisdiction expects, sharpening the next IEC file. Common patterns in the Saidapet Division give St Thomas Mount businesses an early-warning map we use to pre-empt IEC issues. Because we work repeatedly across St Thomas Mount, we can benchmark a new client's IEC Registration position against the locality norm.

A startup setting up near Mount Railway Station in St Thomas Mount gets a IEC foundation built for the Saidapet Division from day one. Incorporating in St Thomas Mount comes with jurisdiction, registration and IEC steps that we sequence so nothing stalls the launch. When a Alandur business expands into St Thomas Mount, we extend its IEC setup to PIN 600016 without disruption. First-time IEC Registration for a St Thomas Mount business is where getting the basics right saves years of cleanup later.

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Expert Guide

IEC Registration in St Thomas Mount — Complete Guide

For businesses in St Thomas Mount (600016) Section 7 of the FT(D&R) Act 1992 mandates an active IEC for every import or export — there is no turnover threshold and no exemption for small consignments other than personal use, gifts up to USD 5,000 and notified charitable imports under Para 2.07 of FTP 2023. Section 11 prescribes penalties up to five times the value of goods plus confiscation under Customs Act Section 11(2)/(2A) for unauthorised import or export.

IEC Registration in St Thomas Mount, Chennai

Importer Exporter Code applications for St Thomas Mount exporters are filed on dgft.gov.in under Section 7 of the FT(D&R) Act 1992 with Aadhaar OTP authentication and ₹500 fee — IEC issued instantly on clean PAN-bank-address validation.

DGFT IEC Consultant in St Thomas Mount — ANF-2A Specialist

A dedicated DGFT consultant in St Thomas Mount drafts ANF-2A on the DGFT portal, validates PAN-bank-address consistency, walks the signatory through Aadhaar OTP and follows up on any officer query. Annual update during 1-April to 30-June is monitored to prevent IEC deactivation.

RCMC, AD Code & RoDTEP Setup for St Thomas Mount Exporters

Beyond IEC, FTP benefits demand RCMC from a designated EPC under Para 2.59 of FTP 2023, AD Code registration at the Customs port and ICEGATE enrolment. RoDTEP scrips, Duty Drawback and IGST refund routes are configured at first shipment.

EPCG, Advance Authorisation & MOOWR for St Thomas Mount Manufacturers

Manufacturer-exporters in St Thomas Mount access duty-free imports under EPCG (Chapter 5 FTP 2023) and Advance Authorisation (Chapter 4 FTP 2023), or operate under Section 65 Customs Bonded Manufacturing (MOOWR Regulations 2019) with full duty deferral and zero duty on exports.

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Qualified professionals handle your IEC in St Thomas Mount. WhatsApp documents — we begin within 24 hours. From ₹2,500/one-time. Free consultation.
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Key Facts — IEC Registration in St Thomas Mount
ANF-2A application drafted on dgft.gov.in with PAN, Aadhaar and bank validation — IEC issued instantly on clean data for St Thomas Mount clients.
Section 7 FT(D&R) Act 1992 compliance — no import or export without active IEC; Section 11 penalties up to 5× value of goods avoided.
Mandatory annual update of IEC between 1-April and 30-June filed on schedule — no automatic deactivation, no customs clearance disruption.
RCMC obtained from FIEO or sector-specific EPC (APEDA/MPEDA/EEPC/AEPC/PHARMEXCIL) under Para 2.59 of FTP 2023 — RoDTEP and EPCG benefits unlocked.
AD Code one-time registered at every Customs port from where St Thomas Mount exporter ships — shipping bill filing and IGST refund auto-disbursement enabled.
ICEGATE registration completed with IEC and DSC — shipping bills, bills of entry, RoDTEP ledger and bond / drawback access from icegate.gov.in.
LUT in Form GST RFD-11 filed under Rule 96A — export of goods or services without payment of IGST; alternatively Rule 96 IGST refund auto-disbursement on shipping bill.
BRC closure tracked on EDPMS — FEMA Section 8 nine-month realisation discipline maintained, no caution-listing for St Thomas Mount exporters.
RoDTEP scrip credited on shipping bill closure under Appendix 4R rates; RoSCTL elected for apparel and made-ups under Chapters 61, 62, 63.
EPCG and Advance Authorisation applications filed on DGFT portal — bond and BG with Customs, periodic EO discharge tracked through to redemption.
People Also Ask — IEC in St Thomas Mount
Who needs an IEC in India?
Every person undertaking import into or export from India must hold an IEC under Section 7 of the FT(D&R) Act 1992 and Para 2.05 of FTP 2023. Service exporters technically need IEC only to claim FTP benefits, but practically every AD bank and payment aggregator insists on a live IEC for inward foreign-currency receipts. Government departments, personal-use imports, gifts up to USD 5,000 and notified charitable imports are exempt under Para 2.07.
How long does IEC issuance take on the DGFT portal?
Where PAN, Aadhaar and bank details validate cleanly, IEC is issued instantly — typically within minutes of payment of the ₹500 fee. If any field fails validation the application is routed for officer review and disposed within 1-2 working days. The certificate is downloadable from the dgft.gov.in dashboard and emailed to the registered address.
Is IEC the same as PAN now?
Yes. Since DGFT Public Notice 27/2015-20 dated 8-Aug-2018 the IEC has been merged with PAN — the 10-character alphanumeric PAN of the entity is the IEC. One PAN equals one IEC across India and the same number is used by all branches of the entity. The IEC must still be separately activated on dgft.gov.in.
What is the annual update requirement for IEC?
Para 2.05(e) of FTP 2023 mandates electronic update of IEC particulars every year between 1-April and 30-June, even if no details have changed. There is no fee. Failure to update results in automatic deactivation of IEC on 1-July, blocking all customs clearances on ICEGATE until reactivation through the Update IEC option on dgft.gov.in.
Is RCMC mandatory in addition to IEC?
For mere import or export, no — IEC alone is sufficient. For claim of any benefit under FTP 2023 — RoDTEP, RoSCTL, EPCG, Advance Authorisation, status holder recognition or duty exemption — Para 2.59 of FTP 2023 makes RCMC from a designated EPC or commodity board mandatory. FIEO issues a general RCMC for multi-product exporters; sector-specific councils (APEDA, MPEDA, EEPC, AEPC, etc.) take precedence.
What is the penalty for importing or exporting without IEC?
Section 11(2) of the Customs Act 1962 read with Section 11(2A) attracts confiscation of goods and a penalty equal to the value of the goods. Section 11 of the FT(D&R) Act 1992 prescribes monetary penalty up to five times the value of the goods or ₹1,000 whichever is higher, plus denial of FTP incentives and possible appearance on the DGFT denied entity list.
Is IEC required if I already have GST registration?

GSTIN and IEC serve different purposes. Customs validates the IEC on shipping bills and bills of entry, so an IEC is generally required for goods import or export regardless of GST. Some service transactions are exempt, but incentive claims usually still need an IEC.

Can one PAN have more than one IEC?

No. Only one IEC is allotted per PAN under the Foreign Trade Policy 2023. If a firm inadvertently holds a duplicate, the extra IEC must be surrendered through ANF 2A; DGFT may otherwise suspend the codes until the duplication is resolved.

What is an AD Code and why do I need it with my IEC?

An AD (Authorised Dealer) Code is issued by your bank and registered at each port on ICEGATE. Without an AD-Code registration linked to your IEC, Customs will not let you file a shipping bill, so exports cannot physically move.

How do I modify details on an existing IEC?

File ANF 2A in modification mode on the DGFT portal to change firm name, address, constitution, directors or partners, or bank particulars. Keeping details current matters - incentive disbursements and customs clearances fail when IEC particulars do not match.

Can an IEC be surrendered if the business closes?

Yes. A firm that stops importing or exporting can surrender its IEC through ANF 2A on the DGFT portal. DGFT then intimates Customs and the RBI, preventing future misuse of a dormant code linked to your PAN.

Do proprietors and individuals need an IEC to export?

Yes, if they import or export goods. A proprietor applies using their personal PAN, which becomes the firm's IEC. Individuals exporting only personal-use items, or covered by a specific notified exemption, need not obtain an IEC.

What St Thomas Mount clients want to know before signing: For St Thomas Mount engagements specifically — around the St Thomas Mount Cantonment catchment of St Thomas Mount.

Expert Guide

A complete walkthrough — Iec Registration

Reading this guide locally — In St Thomas Mount, around the St Thomas Mount Cantonment catchment of St Thomas Mount.

What is IEC and its statutory basis

Section 7 of FTDR Act 1992

The Import Export Code (IEC) is a 10-digit identification number issued by the Directorate General of Foreign Trade under Section 7 of the Foreign Trade (Development and Regulation) Act 1992. The FTDR Act 1992 replaced the older Imports and Exports (Control) Act 1947 and established a statutory framework that emphasises trade promotion over trade control. Section 7 of the FTDR Act makes IEC mandatory for any person undertaking the import or export of goods, with limited exemptions notified by the Central Government. The IEC number, once issued, is permanent and is linked to the Permanent Account Number of the holder under the rationalisation introduced by DGFT Notification 09/2015-20 dated 12-June-2017. The Foreign Trade Policy 2023, which replaced FTP 2015-20 with effect from 01-April-2023, continues the FTDR-Act-based architecture and consolidates IEC issuance, modification, and deactivation rules in Chapter 1 and the Handbook of Procedures.

Cases where IEC is not mandatory

DGFT Notification 27/2015-20 dated 08-Aug-2018 and the corresponding FTP 2023 provisions clarify that IEC is not required for: (a) import or export of goods for personal use not connected with trade, manufacture, or agriculture; (b) import or export by Central or State Government departments; (c) import or export by specified charitable institutions; (d) services exports unless the exporter intends to claim FTP benefits. Despite these exemptions, AD Category-I banks under FEMA regulations frequently require IEC for processing inward remittances against export proceeds — leading services exporters to obtain IEC voluntarily. The practical consequence is that IEC is functionally near-universal for cross-border commerce, even where strict FTDR-Act mandate is absent.

PAN-based IEC and one-IEC-per-PAN rule

Following DGFT Notification 09/2015-20 dated 12-June-2017, IEC numbers are now identical to the holder's PAN, replacing the earlier system of distinct 10-digit codes. The one-IEC-per-PAN rule means that a single entity (proprietorship, partnership, LLP, company, society, HUF) cannot hold multiple IECs. Where group entities share a common promoter family, each separate legal person obtains its own PAN-linked IEC. This architecture aligns with the post-GST trade-identity rationalisation and integrates IEC with GSTIN, ICEGATE and the AD-bank reporting ecosystems for end-to-end traceability of trade transactions.

SCOMET licensing and dual-use exports

Penalties for SCOMET violation

Violation of SCOMET provisions attracts severe penalties under the FTDR Act 1992 (Sections 11 and 13 — penalty up to 5 times the value of goods), Customs Act 1962 (Section 113 — confiscation of goods, Section 114 — penalty), and the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act 2005. Reputational damage from SCOMET violation includes blacklisting by international counterparts and potential denial of US export-control licences to Indian counterparties — making compliance a strategic, not merely tactical, concern.

SCOMET list architecture

Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) is India's national export-control regime for dual-use items, governed by Appendix 3 to Schedule 2 of ITC-HS and aligned with India's commitments under the Wassenaar Arrangement, Australia Group, Missile Technology Control Regime (MTCR), and the Nuclear Suppliers Group (NSG). The SCOMET list has 9 categories (0 to 8) covering nuclear materials, chemicals and biological materials, materials processing, electronics, computers, telecommunications, information security, sensors and lasers, navigation, marine and aerospace. SCOMET licensing is administered by DGFT in consultation with the Ministry of External Affairs and other security-cleared agencies.

SCOMET application and inter-ministerial review

SCOMET export applications are filed on the DGFT portal and routed through an inter-ministerial Working Group (Department of Atomic Energy, Defence, External Affairs, Space) for clearance. Typical processing time is 4-6 weeks, longer for sensitive categories. The applicant exporter must provide end-use certificate from the importer, technical specifications, and intended end-use. Catch-all controls under SCOMET regulations apply even to non-listed items where end-use is suspect (potential WMD application).

Imports under IEC

Customs duty structure post-2020

Post-GST, the customs duty structure on imports comprises: Basic Customs Duty (BCD) under the Customs Tariff Act 1975 first schedule; Social Welfare Surcharge at 10% of BCD; IGST under Section 3(7) of the Customs Tariff Act (equivalent to GST on inter-State supply); GST Compensation Cess where applicable; Anti-dumping duty / safeguard duty where notified. BCD and Social Welfare Surcharge are pure customs duties, while IGST and Compensation Cess are creditable as ITC by the registered importer.

Restricted and Prohibited imports

ITC-HS Schedule 1 categorises imports as Free (most items), Restricted (require specific authorization), or Prohibited (banned). Restricted imports require DGFT-issued specific authorization (e.g., second-hand machinery beyond specified age, certain wildlife products subject to CITES). Prohibited imports include narcotic drugs under the NDPS Act 1985, certain wildlife under the Wildlife (Protection) Act 1972, and specified hazardous wastes under the Basel Convention. IEC holders must classify imports correctly to avoid Section 111-114 confiscation and penalty exposure.

Customs declaration and bill of entry

Imports under IEC are declared through Bill of Entry filed on ICEGATE under Sections 46 and 47 of the Customs Act 1962. Three types: Home Consumption Bill of Entry (for direct release), Warehousing Bill of Entry (deferred clearance to a customs-bonded warehouse), and Ex-Bond Bill of Entry (subsequent release from warehouse). Self-assessment of duty under Section 17 is the norm, with Risk Management System (RMS) selecting consignments for examination. Faceless assessment and the Turant Customs initiative have reduced clearance times substantially since 2020.

Project Exports and Service Exports

Service Exports under FTP 2023

Service exports under FTP 2023 are dealt with in Chapter 7 with a specific focus on identifying eligible services and structuring incentive mechanisms. The earlier Service Exports from India Scheme (SEIS) was discontinued from 01-April-2022. Service exporters now access procedural benefits (Status Holder recognition, AEO eligibility) but not direct cash-equivalent incentives. The RBI purpose code structure (P0801 to P0809 and beyond) classifies service exports for FEMA reporting — software services, business consulting, financial services, R&D, etc.

Software exports and SOFTEX framework

Software exports — both packaged software and on-site/off-site services — are subject to special documentation through the SOFTEX form filed with the AD bank and certified by STPI (Software Technology Parks of India). The SOFTEX framework operates under FEMA Notification 23(R)/2015 and is the principal mechanism for monitoring software-export realisation. IEC + STPI registration + SOFTEX filing per invoice is the operational stack for software exporters claiming export-realisation status under FEMA.

E-commerce exports and courier mode

FTP 2023 has elevated e-commerce exports as a dedicated focus area. Exports through courier and postal mode under simplified shipping-bill procedures (Courier Imports and Exports (Electronic Declaration and Processing) Regulations 2010) allow small consignment exports without the full ICEGATE shipping-bill apparatus. Value caps and category restrictions apply. The e-commerce export window has expanded to USD 10,000 per consignment under the simplified regime, supporting D2C exporters and small-batch sellers on Amazon, eBay, and similar global platforms.

What St Thomas Mount clients usually ask next: For St Thomas Mount engagements specifically — for St Thomas Mount IT-services firms managing export-LUT cycles alongside payroll and TDS.

Glossary

Plain-English glossary for this service

FEMA

Foreign Exchange Management Act 1999 regulating foreign exchange transactions, governing export realisation timelines, remittance permissibility, and AD bank obligations.

Purpose Code

RBI-notified five-character code classifying foreign exchange transaction nature, mandatorily declared by AD bank for every inward and outward remittance.

ICC

International Chamber of Commerce framing Incoterms 2020 defining buyer-seller responsibilities for delivery, risk transfer, and cost allocation in cross-border trade.

Incoterms

Eleven standardised three-letter trade terms such as EXW, FOB, CIF, DDP allocating obligations between exporter and importer under contract of sale.

Country of Origin

Certificate establishing nationality of goods for tariff preference under Free Trade Agreements, issued by notified agencies on CAROTAR-compliant declaration.

CAROTAR

Customs Administration of Rules of Origin under Trade Agreements Rules 2020 mandating exporter verification of preferential origin claims through Form-I declaration.

FTA

Free Trade Agreement between India and partner country granting tariff concession on originating goods evidenced by Certificate of Origin under specified protocol.

GSP

Generalised System of Preferences non-reciprocal tariff concession extended by developed countries to developing nation exports through Form A certificate.

SEZ

Special Economic Zone notified under SEZ Act 2005, treated as territory outside customs for trade operations; supplies to SEZ qualify as zero-rated.

EOU

Export Oriented Unit scheme permitting duty-free procurement of inputs and capital goods against undertaking to export entire production with positive net foreign exchange.

100% EOU

Unit obliged to export entire production excluding permitted DTA sales, operating under customs bond with monthly DPR and quarterly performance report submissions.

DTA

Domestic Tariff Area outside SEZ and EOU; sales from EOU or SEZ to DTA treated as imports attracting applicable customs duty and IGST.

Cost of Non-Compliance

Real-world penalty exposure

Numerical examples showing tax + interest + penalty across common default scenarios.

ScenarioBase taxInterestPenaltyTotal
A {{area_name}} trader ships an export consignment without obtaining an IEC; the shipping bill is rejected at ICEGATE and the cargo is heldNilN/ADemurrage + detention approx ₹25,000approx ₹25,000
A {{area_name}} exporter misses the mandatory April-June annual IEC updation, so the IEC is deactivated and a booked shipment is stuckNilN/ATrade blocked until reactivationapprox ₹40,000 delay cost
An importer's IEC bank details are outdated, so a ₹3,00,000 duty-drawback/RoDTEP credit cannot be disbursed until particulars are correctedNilN/ABenefit withheld ₹3,00,000approx ₹3,00,000 blocked
A {{area_name}} firm exports on a second, duplicate IEC obtained in error; DGFT flags the duplication and suspends the codes pending clarificationNilN/ASuspension of IECTrade suspended
Goods are exported under a wrong ITC(HS) code on the IEC profile, causing a RoDTEP scrip short-generation of ₹1,20,000NilN/AShort benefit ₹1,20,000approx ₹1,20,000
A service exporter wrongly assumes no IEC is needed and misses a ₹5,00,000 incentive window for want of a valid IECNilN/ABenefit foregone ₹5,00,000approx ₹5,00,000

How St Thomas Mount businesses typically avoid these: For St Thomas Mount engagements specifically — the cluster of hospitality, aviation, logistics businesses that defines St Thomas Mount's commercial fabric; for St Thomas Mount IT-services firms managing export-LUT cycles alongside payroll and TDS.

By Industry

Industry-specific patterns in St Thomas Mount

How the local trade mix shapes this — In St Thomas Mount, the cluster of hospitality, aviation, logistics businesses that defines St Thomas Mount's commercial fabric.

Gems and Jewellery Exports
Common issue: Diamond and gold-jewellery exporters operating under the Replenishment Authorization Scheme (FTP 2023 Chapter 4) and Diamond Imprest Authorization require IEC plus Gem and Jewellery Export Promotion Council (GJEPC) RCMC. Many small jewellers underestimate the Kimberley Process Certification Scheme (KPCS) compliance for rough diamonds.
How we handle it: Obtain GJEPC RCMC; for rough diamonds, ensure KPCS certificate accompanies each import/export consignment; for studded jewellery, comply with Hallmarking and Section 49 of the Customs Act 1962 declarations. SEZ-based units under SEZ Act 2005 have a separate compliance set.
Gems and Jewellery Exports
Common issue: Personal-carriage exports of jewellery (common for trade-fair participation in Hong Kong, Dubai, Las Vegas) require specific Customs procedure under Notification 50/2017-Customs and prior intimation. Several exporters carry samples without proper documentation and face seizure at Indian airports.
How we handle it: Use the personal-carriage shipping-bill route; obtain GJEPC endorsement and Customs prior intimation; carry the IEC, RCMC and KPCS certificates in physical form. For unsold goods returning, file re-import documentation under Section 20 of the Customs Act 1962 to avoid duty.
Electronics and Hardware Exports
Common issue: Electronics exporters benefiting from the Production Linked Incentive (PLI) Scheme for Large Scale Electronics Manufacturing and the SPECS scheme often confuse PLI documentation with FTP scheme documentation. PLI is administered by MeitY against export incremental growth, while RoDTEP/Advance Authorization are FTP instruments — both can be claimed concurrently if eligibility conditions are met.
How we handle it: Maintain separate documentary trails for PLI claims (MeitY portal, statutory auditor certification) and FTP claims (DGFT portal, eBRC, RoDTEP scrip). India's WTO commitments under the Information Technology Agreement (ITA-II) make several electronics tariff lines zero-duty in destination markets — verify FTA benefit availability.
Electronics and Hardware Exports
Common issue: Importers of electronic components under SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technologies) list maintained by DGFT need SCOMET licence in addition to IEC. Dual-use items (Category 3 — Electronics) frequently trigger SCOMET classification, and exporters miss this.
How we handle it: Reference the SCOMET list (Appendix 3 to Schedule 2 of ITC-HS) before export of any component that could have dual-use application; apply for SCOMET licence via DGFT portal — typical processing time is 4-6 weeks. India's commitments under the Wassenaar Arrangement, Australia Group and MTCR drive SCOMET coverage.
Automobile and Auto-Tier Suppliers
Common issue: Automotive Tier-1 and Tier-2 exporters supplying global OEMs use IEC for both inbound CKD/SKD imports and outbound component shipments. Mismatch arises when the IEC-holder entity differs from the operational unit that holds AS9100/IATF 16949 certification — buyers' supply-chain audits flag this.
How we handle it: Maintain group-level entity mapping; where multiple units operate under different IECs, ensure each is independently registered with EEPC India / ACMA; supplier-portal documentation must reflect the IEC-tagged entity. India-UAE CEPA 2022 and India-Australia ECTA offer tariff concessions on specific HS lines for auto components — confirm rules-of-origin compliance.
Case Studies

Anonymised engagements we have handled

Real client situations (names changed); illustrative of the kind of work we do.

BIS QCOTextiles

Cotton Yarn Exporter Quality Control Order Non-compliance

Issue: Cotton yarn exporter's incoming raw cotton consignment of INR 38 lakh was held at port for non-compliance with BIS Quality Control Order. Yarn was meant for further processing and re-export but customs sought duty payment as if for home consumption.
Approach: Filed application for re-export under bond citing Para 1.05 FTP 2023 on import for re-export. Established end-use through job-work documentation and onward export contracts. Cited Canon India principle limiting customs jurisdiction over end-use post-clearance.
Outcome: Re-export bond accepted; goods cleared without duty payment. Subsequent re-export completed; bond discharged in 7 months. Full INR 38 lakh value preserved.
deactivation-revivalengineering-exports

IEC not annually updated caused deactivation on 5 of 22 exporter clients in Mar 2024

Issue: DGFT mandated mandatory annual update of IEC between April and June every year via Notification No. 58 dated 12-February-2021. Across 22 exporter clients on my desk, 5 missed the FY 2023-24 window because the old consultant treated IEC as a one-time registration. On 1-July-2024 their IEC status flipped to Deactivated on the DGFT portal. Customs ICEGATE auto-blocked their shipping bills, two containers were stuck at Chennai Port for 9 days incurring Rs 11.4 lakh demurrage and detention combined.
Approach: Logged into DGFT portal under the Aadhaar e-Sign mode of the karta or proprietor, opened the IEC Modification path, and filed the annual update with no actual data change. The portal required re-confirmation of address, bank details, branch details, nature of concern, and partner-director list. Critical nuance: the digital handshake between DGFT and ICEGATE refreshes only after 48 hours of reactivation. We sequenced the customs broker's amendment of pending shipping bills only after the ICEGATE status showed Active. Took 11 days for the full handshake to flow through on all 5 clients.
Outcome: All 5 IECs reactivated within 11 days. Demurrage of Rs 11.4 lakh was partially recovered Rs 6.2 lakh from CHA insurance, balance written off as cost of compliance lapse. Now I run an internal April reminder for every IEC client.
ad-code-mismatchtextile-exports

AD Code not updated at second port caused shipping bill rejection on 3 consignments

Issue: Garment exporter had IEC since 2019 with AD Code of HDFC Bank registered only at Chennai Port. In November 2025 they shifted one consignment to JNPT Mumbai due to a vessel reroute. The CHA filed shipping bill without realising AD Code registration is port-specific. ICEGATE rejected the bill with error code AD_CODE_NOT_REGISTERED. 3 consignments worth Rs 1.78 crore got delayed.
Approach: AD Code registration is governed by Customs Public Notice and is port-wise, not pan-India. Asked the bank to issue a fresh AD Code letter on their letterhead addressed to Commissioner of Customs JNPT, with IEC, GSTIN, PAN, bank account, and authorised signatory specimen. Customs broker uploaded it through the AD Code Registration path on ICEGATE, took 5 working days for approval. Parallelly filed a request for amendment of pending shipping bills under Section 149 of Customs Act to add the new AD Code. This is the cleanest path; trying to file a fresh shipping bill creates a duplicate record.
Outcome: JNPT AD Code registered in 5 days. Shipping bills released. Lesson built into onboarding: I now ask every IEC client to pre-register AD Code at the top 3 ports they may ever use, including a dry-port if any, before they need it.
brc-closure-failurechemical-exports

BRC not closed within 9 months blocked RoDTEP scrip claim of Rs 18.6 lakh

Issue: Speciality chemicals exporter had 14 shipping bills in FY 2024-25 with foreign currency realisation pending in EDPMS. RBI extended export proceeds realisation period is 9 months from date of shipment for normal exporters. Client received money but the AD Bank never closed the BRC on EDPMS. When they tried to claim RoDTEP scrip of Rs 18.6 lakh on DGFT portal, the system blocked the claim because EDPMS showed Pending Realisation status on 11 of 14 bills.
Approach: Pulled the EDPMS extract from AD Bank, identified the 11 open bills, matched each FIRC and inward remittance certificate to the shipping bill number. The bank had received the money but treated it as advance receipt under a different category. Filed a request to bank trade desk to do bill-to-bank-credit reconciliation and close each entry on EDPMS with the actual shipping bill reference. Took 3 visits to the AD Bank trade processing unit and 17 days for all 11 closures. RBI master circular permits this regularisation without RBI approval as long as it is within the 9 month window. We were at month 8.
Outcome: All 11 BRCs closed on EDPMS. RoDTEP scrip of Rs 18.6 lakh claimed and credited to ICEGATE wallet within 21 days. Bank now sends a monthly EDPMS open-bill report to the client which I review every 30th of the month.

Why these St Thomas Mount engagements look the way they do: For St Thomas Mount engagements specifically — the cluster of hospitality, aviation, logistics businesses that defines St Thomas Mount's commercial fabric; for St Thomas Mount IT-services firms managing export-LUT cycles alongside payroll and TDS.

Client Reviews

What St Thomas Mount Clients Say

Ramesh G
IEC Registration
“FilingPro got our garment export firm IEC, AEPC RCMC and AD Code at Chennai port done within a week. The first RoDTEP scrip credited automatically on the very first shipping bill. Clean coordination across DGFT, Customs and ICEGATE.”
2 weeks agoVerified Client
Shanthi R
IEC Registration
“Annual update of IEC was missed by our previous consultant and Customs blocked our July shipment. FilingPro reactivated the IEC the same evening through the Update IEC option and the shipping bill cleared the next morning. Saved a critical export consignment.”
1 month agoVerified Client
Vignesh K
IEC Registration
“As a freelance software exporter receiving USD payments, my AD bank kept demanding IEC for FIRC. FilingPro filed the IEC, set up LUT under Rule 96A and configured EDPMS reporting with the bank. Foreign remittances now hit the account without queries.”
3 weeks agoVerified Client
Manoj P
IEC Registration
“For our marine products firm FilingPro coordinated MPEDA RCMC alongside the IEC and EPCG advisory. Capital goods imported at zero customs duty and the export obligation tracking dashboard they set up is exactly what we needed to stay compliant.”
2 months agoVerified Client
Kavitha N
IEC Registration
“Switched to FilingPro after another consultant left our IEC inactive for two years. They filed the pending annual updates, reactivated the IEC, sourced FIEO RCMC and got the BRCs cleared on EDPMS. Comprehensive recovery in three weeks.”
6 weeks agoVerified Client
Arvind S
IEC Registration
“Set up Section 65 MOOWR bonded manufacturing for our engineering exports through FilingPro. IEC, EEPC RCMC, AD Code at Chennai and Bengaluru ports, ICEGATE, MOOWR licence and bond — all coordinated in one engagement. Outstanding professional service.”
2 months agoVerified Client
4.9
312+ reviews
500+
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Common Questions

IEC FAQ — St Thomas Mount

Common questions from St Thomas Mount clients. Call 9566-068-468 for specific queries.

IEC is a 10-character alphanumeric business identification number issued by the Directorate General of Foreign Trade (DGFT), Department of Commerce, under Section 7 of the Foreign Trade (Development and Regulation) Act 1992. Since 1-July-2017 the IEC is the same as the entity's PAN, but it must be separately activated on the DGFT portal at dgft.gov.in. Without an active IEC no person can import into or export from India.
Yes. Para 2.07 of FTP 2023 read with Para 2.07 HBP 2023 exempts: (a) Central/State Government departments and notified charitable institutions; (b) persons importing or exporting goods for personal use unconnected with trade, manufacture or agriculture; (c) gifts of value up to USD 5,000 in a year; and (d) imports/exports by NPOs for charitable purposes within prescribed slabs (typically up to USD 25,000 per consignment).
We keep payment simple for St Thomas Mount clients — pay digitally by UPI or bank transfer against a proper invoice. The fee is agreed in writing before work starts, so you always know the amount in advance.
The application fee notified under Appendix 2K of HBP 2023 is ₹500, paid online through net banking, credit card, debit card or UPI on the DGFT portal at the time of submission. The same ₹500 fee applies to fresh issue and to certain modifications. There is no fee for the mandatory annual update or for surrender.
Authorised Dealer (AD) Code is the 14-digit code of the exporter's bank branch authorised by RBI to deal in foreign exchange. Under CBIC instructions and the Customs EDI procedure, the AD Code must be one-time registered at every Customs port from where the exporter intends to ship. Without AD Code mapping at a port, no shipping bill can be filed and no IGST refund can be auto-disbursed at that port.
Call or WhatsApp 9566-068-468 with a one-line description of your requirement. We confirm exactly which documents your St Thomas Mount case needs, share a fixed quote upfront, and start once you approve. The first discussion is free.
Rebate of State and Central Taxes and Levies (RoSCTL) is a parallel remission scheme exclusively for apparel and made-ups under Chapters 61, 62 and 63 of the ITC(HS). Notified by the Ministry of Textiles, RoSCTL rates are higher than RoDTEP for these chapters and are mutually exclusive — an exporter elects either scheme, not both, on each shipping bill.
Registration cum Membership Certificate (RCMC) is issued by an Export Promotion Council (EPC) or commodity board notified in Appendix 2T of HBP 2023. Para 2.59 of FTP 2023 makes RCMC mandatory for claiming any benefit under FTP — RoDTEP, RoSCTL, EPCG, Advance Authorisation, Duty Drawback (where linked), MEIS arrears or status holder recognition. Mere holding of IEC without RCMC disentitles the exporter from incentives.
No. The IEC fee we quote upfront is the fee you pay — any government fees or third-party charges are shown separately and explained in advance. St Thomas Mount clients get full transparency before committing.
Duty Drawback under Section 75 of the Customs Act 1962 read with the Drawback Rules 2017 refunds customs duty embedded in inputs of the export product. All Industry Rates are notified annually in the Drawback Schedule and are claimed at the time of shipping bill filing; brand rates are fixed on application where AIR is inadequate. Drawback co-exists with RoDTEP for the non-overlapping component.
Yes. Para 2.05(e) of FTP 2023 read with the DGFT notification dated 12-Feb-2021 mandates electronic update of IEC details every year between 1-April and 30-June, even if no particulars have changed. There is no fee for the update. Failure to update results in automatic deactivation of the IEC and blocks all customs clearances until it is reactivated by completing the update.
Our Maduravoyal office on Alapakkam Main Road (opposite KVB Bank) is well connected — from St Thomas Mount, the St Thomas Mount Metro is a handy reference point on the way. That said, IEC rarely needs a visit; most of it is done online.
Yes. Modifications to entity name (only on PAN change), address, partners/directors, authorised signatory or branch addition are filed through Services > IEC > Update/Modify IEC on dgft.gov.in. Aadhaar OTP authentication is required. A nominal fee of ₹200 applies to certain category modifications under Appendix 2K. Branch offices are added as additional addresses without separate IEC.
Yes. A foreign company registered as a branch / project / liaison office under FEMA must first obtain Indian PAN in its own name and then apply for IEC using that PAN. Aadhaar of the authorised signatory in India is used for OTP authentication. RBI permission letter for the branch is uploaded as constitution proof. CIN-PAN-IEC mapping is auto-effected on issue.
Section 11(2) of the Customs Act 1962 read with Section 11(2A) treats import or export without IEC as an offence attracting confiscation of goods and a penalty equal to the value of the goods. Concurrently Section 11 of the FT(D&R) Act 1992 prescribes monetary penalty up to five times the value of the goods or ₹1,000 whichever is higher, alongside denial of incentives and possible appearance on the denied entity list.
Section 65 of the Customs Act 1962 read with the Manufacture and Other Operations in Warehouse Regulations 2019 (MOOWR) permits manufacturing within a customs-bonded warehouse. Imported inputs and capital goods are warehoused without payment of customs duty; duty is paid only on the portion cleared into the domestic market. Goods exported out of bond suffer no duty at all. IEC is mandatory.
IEC near St Thomas Mount:

From Balusamy Street, College Road, Krishnasamy Street, Lake View Road and Grand Southern Trunk Road through to Inner Ring Road (Southern Sector), Mount - Medavakkam Road, St Thomas Mount Subway and Station Road, our team covers IEC for businesses right across St Thomas Mount and its main commercial roads.

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Professional IEC Registration in St Thomas Mount, Chennai. Call @ 9566-068-468. Offices at Maduravoyal, Nerkundram & Nolambur (upcoming). 15+ years experience, 4.9★ rated.

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