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Updation/Modification in e-IEC (Import Export Code)
Harsh Goel
06 Jul 2021
1 comment
The DGFT vide Notification No. 58/2015-2020, dated February 12, 2021 amended certain provisions of Chapter 1 and Chapter 2 of the Foreign Trade Policy, (2015-2020) (“FTP”), related to Import Export Code (“IEC”). As per amended provision: 1. DGFT issues IEC in electronic form (e-IEC). Application for issuance of e-IEC can be made d...
Posted Under:
DGFT
|
Articles
Import Export Code (IEC) – Registration & Requirements
Sakshi Sharma
23 Jun 2021
0 comment
The Import Export Code (IEC) is one of the key business identification numbers which is mandatory for performing Exports or Imports. No person/entity shall proceed with any import or export except it gets an IEC Number issued by the Directorate General of Foreign Trade (DGFT), unless specifically exempted. Any Proprietorship, Partnership,...
Posted Under:
DGFT
|
Articles
How to Start Export Business | Basic Requirement & Benefits
shiv786
14 Jun 2021
1 comment
With the increasing use of technology and liberalisation policy adopted worldwide, now a day whole world is like a business market place subject to that your product/ service meets the customer need/ requirements. There are many examples of this global market place like Alibaba E- Commerce platform is supplying China products globally usi...
Posted Under:
DGFT
|
Articles
Export of Services- SEIS – Export Incentive to Service Industry
vjpkco
12 Jun 2021
4 comments
Export of Services- An Insight- Service Exports from India Scheme (SEIS)- Export Incentive to Service Industry Executive Summary ♦ SEIS scheme was introduced on 1st April 2015 under the Foreign Trade Policy of India 2015-2020. ♦ The purpose for the SEIS scheme is to make export of Indian services more competitive in international mark...
Posted Under:
DGFT
|
Articles
Import Export Code (IEC) with FAQs
Neelam Jain
11 Jun 2021
1 comment
ABOUT Import Export Code (IEC Number) Meaning of Import Export Code IEC is a 10 digit code number, which is issued by the Director General of Foreign Trade (DGFT).It is required by any person who is into import/export business in the country. Importers \merchant cannot import goods without the Import Export Code and similarly the [&hellip...
Posted Under:
DGFT
|
Articles
Electronic Chip Import Registration
Kiran Sawale
08 Jun 2021
0 comment
Importer is required to apply online for CHIP Import registration between 60 days to 15 days prior of expected date of arrival of import consignment. The automatic Registration Number thus granted shall remain valid for a period of 75 days. It is mandatory to have registration of said products for Bill of Entry to be filed on or after 1st...
Posted Under:
DGFT
|
Articles
An insight into RoDTEP policy
nitingoel6231
01 Jun 2021
0 comment
The Director General, DGFT has issued a statement on 17Th May 2021 that the rates of Remission of Duties and Taxes on Exported Products (‘RoDTEP’) scheme shall be announced in about 15 days. In such a scenario, there is a need to recollect an understanding of RoDTEP scheme summarized in the article below: 1) Why […]...
Posted Under:
DGFT
|
Articles
Export benefits in India
Neeraj Bhagat & Co.
14 May 2021
0 comment
Every country believes in keeping foreign reserves on a higher side to balance the economy. For that purpose, every economy tends to encourage the exports and motivate the indigenous production. To encourage the exporter every country provides a lot of benefits in terms of Duty Drawback etc. India is not behind compared to any other [&hel...
Posted Under:
DGFT
|
Articles
IEC Linking on DGFT Portal by 30.06.2021
CA Jatin Minocha
15 Apr 2021
4 comments
All persons holding IEC code who are involved in carrying on business activities which involves cross border transactions are advised to link IEC code before 30/06/2021. IEC code is an important business identification number which is mandatory for Exports or Imports of goods. No person shall make any import or export except under an IEC ...
Posted Under:
DGFT
|
Articles
Why Import Export Code (IEC) in India?
rahulkumarpu20
14 Apr 2021
0 comment
Import Export Code! Have you ever encountered the term IEC on Television, Newspapers, and thinking about what it actually means? Is it Independent Electoral Commission, Indian Economic Conclave, or Import- Export Code? Then you are at the exact right place. Here a complete and basic guide about import export code is given. It would not [&...
Posted Under:
DGFT
|
Articles
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