Dharmendra Kumar (Sr Manager) (77 Points)
31 August 2013We have a Partnership Firm. We have to export refractories material to Nepal for INR.22.00 Lakh. We are first time doing export. Is IEC No. is required for export to Nepal from India ?
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 02 September 2013
Being exporter you need an IEC even if it is done to Nepal.
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 15 September 2013
Dear Dharmendra,
You need to have IEC for export to Nepal if CIF value of single consignment exceeds Rs.25000/-. If your single consignments is below Rs.25000/- and export is to the Nepal, then you need not obtain IEC. However, you are exporting to other countries as well alongwith Nepal, then irrespective of consignment value, you need to have IEC no..
Hope this clears your query.
Thanks and Regards,
Manoj B. Gavali
CAclubindia
