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Industrial Entrepreneurs Memorandum (IEM)
What is Industrial Entrepreneurs Memorandum (IEM)?
All industrial undertakings exempt from the requirements of industrial
licensing are required to file the prescribed IEM with the Government.
licensing are required to file the prescribed IEM with the Government. The IEM shall be submitted by new units as well as the existing units undertaking substantial expansion.
IEM is filed in Part ‘A’ of the prescribed format with the Entrepreneurial Assistance Unit (EAU) of the Secretariat of Industrial Assistance, Department of Industrial Policy & Promotion, and Ministry of Commerce & Industry and then an acknowledgement is obtained.
The IEM should be submitted along with a crossed demand draft of Rs.1000/- drawn in favor of ‘Pay & Accounts Officer’. Secretariat of Industrial Assistance, Department of Industrial Policy & Promotion, Ministry of Commerce & Industry and payable at State bank of India, Nirman bhawan, New Delhi, where the no. of items proposed to be manufactured in the unit is up to 10. For more than 10 items, an additional fee of Rs. 250up to 10 additional items needs to be paid through crossed demand draft.
No further approval is required. Immediately after commencement of commercial production, Part ‘B’ of the IEM is to be filed in the prescribed form. The facility for amendment of existing IEMs has also been introduced.
It may be noted that small scale industrial undertaking and ancillary industrial undertakings are not required to file IEM.
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