Do you want to expand your business globally by import and export your goods and services? |
Posted: May 16, 2018 |
But stuck with the compliances, permission and license from the government. No doubt there are various compliances for doing the same under different laws but here we will provide you with the information related to IEC Registration Code required for import/ Export. It is a 10-digit code required to be obtained from Directorate General of Foreign Trade (DGFT) under Ministry of Commerce and Industry, Government of India for taking your business at a global level. CIRCUMSTANCES WHEN IE CODE IS REQUIRED In case of import:
In case of export:
Circumstances When IEC Registration is not required
WHO ALL CAN OBTAIN IE CODE?
WHAT IS THE PROCESS FOR OBATINING IE CODE?
With the Implementation of GST, Government of India through DGFT, in its effort for ease of doing business in India, vide its notification dated 12th June 2018, notified that any person having GSTIN can import or export, into or from India, by declaring the GSTIN at the time of import or export. Additionally, for the entities that are not registered under GST because of its threshold limit, may use their PAN as their IEC for which application should be made to DGFT for authorizing PAN of Applicant as IEC Registration. Further, for the existing IEC holders, necessary changes in the system are being carried out by DGFT so that their PAN becomes their IEC. Source url - http://enterslice575.blog.fc2.com/blog-entry-7.html
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