Import Export Code Number
People who wish to apply for IEC can do so through internet as well. The form for applying for IEC can be downloaded from Internet in WORD or PDF format. Once an applicant receives an IEC number then he can use that number for all the branches/units and sub units of his firm. In case, IEC is lost by the proprietor then he can apply for a duplicate copy of IEC. However, the proprietor needs to apply for the duplicate along with an affidavit. Any proprietor who does not want to use the IEC number allotted to him can get it cancelled by applying the concerned authority. This may happen in those cases where a proprietor decides to wind up his firm.
One should understand that in India one cannot operate an Import Export business without having an IEC number. There are various provisions and eligibility conditions for those people who wish to apply for IEC. A person can read all these provisions by taking a look at Foreign Trade (Regulation) Rules, 1993 Ministry of Commerce. PAN number is very important while applying for IEC. The application fee for the IEC is RS.250. In order to file an application for the IEC, an applicant should visit the official website of DGFT.
There are some categories of companies which are exempted from the compulsion of getting IEC for Import and Export in India. Companies which fall in to these categories do not need an IEC for carrying out import export in India. Departments of state and central governments, people transferring or getting goods from outside for personal use etc. are exempted from the compulsion of getting an IEC for foreign trade. Current bank account number, PAN number, Bankers certificate and other documents are required for getting an IEC.
once again amit failed to give links of relevant urls.
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Amit Bhawani Reply:
April 8th, 2010 at 3:44 am
There is basically no link for these What Is articles because most of these are for informative purpose and in this case you need to get this applied through a CA, Lawyer or any Accounting Firm for Quicker Approval.
PS : Note that this article is not written by me. The writer name is normally at the end of the articles.
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Amit,
I am selling Software only
Does it needs a IEC Number to be added
And meanwhile Paypal also notified some new specifications via email.
But i am confused please clarify it
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Hello Amit,
I stumbled upon this thread while looking into information about import duties and custom duties in India. I’m setting up a company and a retail shop for electronic goods and accessories in various cities through India. Goods (primarily consumer electronics, clothing, and accessories) come from manufacturers directly to me. i wanted to know what sort of custom duties and import taxes might be levied on these and whether I would require the IEC you talked about..
The difference here would be that my purchases from these select manufacturers is only on orders and payments made by my customers to me. so orders will be about 1 or 2 items at a time at the most. please help me with this.
regards,
Jay
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I am have IEC code for Merchant export
may have the detailed items list (merchant export items list)
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