DGFT : The article argues that DGFT’s annual IEC updation forces exporters to repeatedly submit data already available with government ...
DGFT : Learn the critical legal steps for starting an export business in India, including IEC code, ICEGATE registration, and other neces...
DGFT : India's exporters face mandatory annual IEC updates from DGFT, even with no changes. This practice burdens businesses and raises c...
DGFT : Learn the step-by-step procedure for obtaining an IEC code for import/export in India, including necessary documents and registrat...
Excise Duty : Unlock global trade success with the IEC code. Learn its legal significance, role in customs clearance, financial transactions, an...
DGFT : Only one Importer Exporter Code (IEC) is allowed against a single Permanent Account Number (PAN) issued by Department of Income Ta...
Custom Duty : Explore the CESTAT Delhi order on the admissibility of Section 108 statements under the Customs Act, revealing violations and pena...
Custom Duty : Mahaveer NX challenges a customs order citing address discrepancy & lack of hearing. Madras HC sets it aside, directing issuance o...
DGFT : Smarte Solutions Pvt. Ltd. Vs Union of India (Bombay High Court) The Hon’ble High Court, Bombay in the matter of M/s Smarte Solu...
Custom Duty : Falcon India (Customs Broker) Vs Commissioner of Customs (CESTAT Delhi) Regulation 10 (n) of CBLR 2018 (read with erstwhile Regula...
Custom Duty : The order of confiscation with an option for redemption fine and penalty for importer not having Importer Exporter Code (IEC) numb...
DGFT : Stay updated on the recent amendments to Indias Interest Equalization Scheme, their implications, and the extended deadline till 3...
Custom Duty : Once registration is completed by an IEC holder for, first time import, Customs Officers will not insist upon registration for exp...
DGFT : All IECs which have not been updated after 01.07.2020 shall be de-activated with effect from 01.02.2022. The list of such IECs may...
DGFT : IEC de-activated, would have the opportunity for automatic re-activation without any manual intervention or any visits to the DGFT...
DGFT : Period of modification of IEC is extended for the year 2021-22 only till 31.08.2021, and no fee shall be charged on modifications ...
In the realm of international trade, the Import Export Code (IEC) plays a pivotal role, serving as a fundamental requirement for businesses engaged in import and export activities.
Once registration is completed by an IEC holder for, first time import, Customs Officers will not insist upon registration for export from same IEC holder if it undertakes export for first time.
It is mandatory for all importers and exporters in India to have an IEC number. This number can be obtained from the DGFT by submitting the required documents, such as the PAN card, GST No., and other documents. The IEC is valid for one year and needs to be renewed every year.
Amendment In Import-Export Code (IEC) Provisions: Discover the Post Amendment to the Foreign Trade Policy 2015-2020 under Ch.1 & Ch.2. Know procedure to obtain e-IEC from DGFT.gov.in.
Smarte Solutions Pvt. Ltd. Vs Union of India (Bombay High Court) The Hon’ble High Court, Bombay in the matter of M/s Smarte Solutions Pvt. Ltd v. Union of India [Writ Petition no. 503/2021 dated July 27, 2022] directed the department to consider the application for Services Export from India Scheme (“SEIS”) benefits on the ground […]
Discover why an IEC code license is mandatory for export services. Learn how to obtain an IEC code and comply with import-export regulations.
Explore Indias top 10 exports and the countries that buy them. Discover how India is achieving its goal of $400 billion in product exports.
Obtain your Import Export Code online with ease. Learn how to apply for IEC certificate and the process involved in getting your IEC number.
Unlock the world of global trade with Import Export Code (IEC)! Dive into the meaning, benefits, and registration process of IEC in India. From expanding your business globally to enjoying government incentives, discover why IEC is a must for importers and exporters. Learn about IEC requirements, benefits, and FAQs to ensure a seamless international trade experience. Stay informed with CA Sachin M Jain, a seasoned GST and Customs expert from M
In continuation of the double-digit export growth seen in February 2017, March 2017 saw significant growth at USD 29.232.05 million, compared to USD 22,911.74 million during March 2016. For the period April to March 2016-17, the cumulative export value was USD 2,74,645.10 millions (Rs 18,41.314.39 crore), compared with USD 2,62,290.11million (Rs 17,16.377.99 crore). This represents […]
