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Industrial Entrepreneur Memorandum (IEM)

What is an IEM (Industrial Entrepreneur Memorandum)?

Industrial companies that are exempt from the trade license requirement of Industry (Development and Regulation) under Act I (D&R), 1951, must provide information related to the settlement of industries. as IEM (Industrial Entrepreneur Memorandum) Confirmation of receipt of such information by this department is referred to as “IEM Confirmation”. The acknowledgement (Ack.) Of the IEM, which is given at the point with prima facie evidence of failure to comply with the license provisions, can therefore not be interpreted as a permit or authorization to carry out a commercial activity foreseen in the IEM, unless the provisions of the laws / Regulations / notices etc. issued from time to time by the central or state government or a specific address or suspension orders of the court / competent authority relevant to this activity will also be fully or in no way complied with hurt, as may be the case. Archived online by submitting details according to IEM ‘Part A’ via the G2B portal.

Do all industries have to submit IEM?

All industrial companies are exempt from the industrial permit requirement under the I (D&R) Act, 1951 and investments in machinery and equipment of 50 million rupees or more; and sales of Rs 250 crore or more, including Existing Units, New Company (NU), and New Items (NA), can file an IEM, i.e., “Form IEM” in the prescribed format “Part A”. Press release of March 30, 2021 from GDP on the update of the paperless process for the IEM concession is now available.

whether the receipt will be issued after successful submission of 'Part A’ of IEM

All online applications submitted via the portal will be checked in the ‘IEM section’ for verification in relation to the ‘Certificate of Incorporation’; “Article Memorandum”; ‘Bylaws’,’ Master Data ‘,’ PAN ‘and’ Codes related to NIC and Ministry / Administrative Department etc. Once the above has been verified and found to be correct; The department issues IEM Ack electronically. to the applicant.

What is part B?

All industrial companies that have submitted to IEM are obliged to report the start of commercial production and this is also archived online in the same portal by submitting information according to the mandatory form “Part B” of the IEM after the start of commercial production by the company; A copy of the associated IEM attestation is required when submitting this information to the portal. of the IEM, the department also gives Ack. for ‘Part B’ through its portal.

What is a change / addition?

No changes / modifications will be made to IEMs submitted before June 30, 1998, with the exception of typographical errors. It was decided that the IEM in the new form, which came into effect on July 1, 1998 and was announced by Press Release No. 4 (1998 series) dated 15.98, will be changed / modified at the request of business people. on the conditions of press release No. 17 (1997 series) of November 27, 1997 with reference to the respectively issued statutes / ordinances / notifications of the federal and state governments.

Application for the IEM’s (Part A and Part B) and changes can be submitted online on this portal. To know more click here.

Disclaimer: This information is only for the purpose of the applicant when submitting the IEM application and cannot be used for any other purpose.

What We Do

The Industrial Entrepreneur Memorandum is a project required to officially recognise the start of commercial production. Our professionals at Sai Global Exim Professional Services will assist with submitting the IEM application, which must follow the guidelines. We handle everything after the application is filed, from creating the Receipt of Acknowledgment to notifying the Director of Industries.

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Frequently Asked Questions on Importer-Exporter Code (IEC)/(E-IEC)

Well, you need to submit the following to file an IEC.

  • A scanned digital signature of yours,
  • A copy of your Pan Card,
  • Your valid contact details, i.e., phone number & email address,
  • A copy containing your branch office address,
  • A bank account details in the same name as your IEC profile,
  • A copy of your Aadhar Card that retains information matching your PAN.
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