CHANGES IN EXPORTER-IMPORTER CODE (IEC CODE) PROCEDURE
NO IEC CODE IS NEEDED NOW FOR SERVICE EXPORTERS
|
EXISTING PROVISION
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REVISED
PROVISION
|
|
Application
for obtaining IEC Code may be filed online in ANF 2A with applicable fees and
submitted with digital signature.
|
No
export or import shall be made by any person without obtaining an IEC number
unless specifically exempted.
For
service exports , IEC shall be necessary as per the provision in Chapter 3
only when the service provider is taking benefits under foreign trade policy.
In other words , only those service exporters
who wish to take chapter 3 benefits under ftp are required to take IEC Code.
|
NOW , OBTAINING IEC CODE IS 100% ONLINE
Now ,
Application process is completely online and IEC can be generated by the
applicant as per the procedure laid down in the Handbook of Procedure.
IEC WILL NOW BE ISSUED BY SYSTEM AUTO GENERATED
AND APPLICANT WILL BE INFORMED THROUGH E-MAIL AND SMS. APPLICANT CAN ALSO VIEW
AND PRINT e-IEC FROM IEC MODULE ON DGFT WEBSITE.
NOW , NO NEED FOR DIGITAL SIGNATURE
REQUIREMENT
OF DIGITAL SIGNATURE IS ALSO DONE AWAY WITH FOR APPLICATION OF IEC
/MODIFICATION OF IEC.
Hello Sir,
ReplyDeleteIf Company Secretray is getting his fees from Foreign Account ie in Dollars to his Indian Account for services rendered to Foreign Subsidiary Company.
Do we needs to do any formalities such as IEC etc ?
Or no Import Export Code formalities are required at all ?
It is considered as service export and no IE Code is necessary
ReplyDeleteThanks for sharing. Click here to register Now >> import export license
ReplyDelete