Excise Duty : Unlock global trade success with the IEC code. Learn its legal significance, role in customs clearance, financial transactions, an...
DGFT : Learn how to surrender IEC license online effortlessly. Understand the reasons, process, and required documents for IEC surrender....
DGFT : Learn what an IEC (Import Export Code) is and why it's important when conducting business abroad. Get insight on how to obtain it ...
DGFT : In the realm of international trade, the Import Export Code (IEC) plays a pivotal role, serving as a fundamental requirement for b...
DGFT : It is mandatory for all importers and exporters in India to have an IEC number. This number can be obtained from the DGFT by submi...
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 ...
Following the integration of PAN web service of CBDT with DGFT’s web server and automatic system based verification of PAN details with PAN database of CBDT, requirement of Digital Signature for submitting IEC applications is being done away with and Para 2.08 and 2.14 on IEC have been accordingly revised.
The business once expanded in the Indian Market needs to step into international market to churn out more financial benefits from the business. Today, thousands of businesses in every country wholly or partially depend on the export of goods to cater their financial needs and rewards.
When an IEC holder seeks modification/ change of Head Office/ Registered Office address in its IEC and which involves a shift in its jurisdictional RA, a request to that effect will have to be made to the new RA, to whose jurisdiction the applicant is shifting its office.
Introduction: This article discusses in detail about application for Import Export code(IEC) application under GST regime. Query: We applied for IEC in the month of July 2017 & paid the fee but we didn’t submitted documents. Before submitting document, a notification came saying that now PAN will be IEC. So do we still need to […]
Every Person who is going to start a business of Import or Export in India is required to get his PAN based Import-Export Code (IEC) from Director General of Foreign Trade (DGFT), whether a person is willing to export his goods and services outside India or he is willing to import his goods or service from outside India.
For the existing IEC holders, necessary changes in the system are being carried out by DGFT so that their PAN becomes their IEC. DGFT system will undertake this migration and the existing IEC holders are not required to undertake any additional exercise in this regard.
An application for grant of IEC number shall be made by Registered/Head Office of applicant and apply to nearest Regional Authority of DGFT
Trade Notice No. 18/2016 s IEC applications in manual mode will only be accepted till 31.3.2016, henceforth applicants seeking IEC through manual mode are required to submit their application in the format notified vide Public Notice no 58 dated 1.2.2016 along with signatory applicant’s photograph and only the two documents, as indicated above.
Trade Notice No.13/2015-20 all those exporters of services who do not possess IEC are urged to voluntarily obtain IEC from Regional Authorities of (RAs) of DGFT. All trade and industry chambers are requested to impress upon their members (exporters of services) to voluntarily obtain IEC and use it while effecting export /import of services so that trade statistics relating to export/import of services can be captured effectively.
Importer Exporter Code IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India. As per the Foreign Trade Policy no import or export shall be made by any person without obtaining an IEC unless specifically exempted.
