Attention of the trade as well as bankers is invited towards provisions of attesting the photographs of Partner/Proprietor/Director at the appropriate place of the application format for allotment of IEC.

It is found that on several occasions the photographs of the Director/Partner /Proprietor of the applicant firm’s are not pasted/certified by the Banker properly. Some of the Bankers even write qualifying remarks like "without risk & responsibility on the part of the Bank or we confirm that the specimen signature of Mr./Mrs./Ms. .......................... confirms with the specimen sign on our records" such qualifying remarks do not confirm to the policy provisions and defeat the very purpose of obtaining such certificates.

In view of the above, it is decided that in future in all fresh IEC applications as well as status modification (old IEC) cases, Bank Certificate and attestation of the photographs of the Proprietor/Partner/Director with such qualifying remarks, as stated above, shall not be accepted.

The trade may please note and comply accordingly to avoid delay in processing their cases.
 

( S.S. SANDHU )
ZONAL JT. DIRECTOR GENERAL OF FOREIGN TRADE