Bill of entry
This query is : Resolved
08 December 2012
Dear All,
If one company registered outside India (first company)purchases the goods from company also registered outside India (second company)and first Company directly sells the goods to party in India and instruct the second Company to deliver the goods in India , then whose name should appear in bill of entry in India(whether first party or second party or both)? Also what documents are required to be executed for the purpose by Indian company?
Kindly reply.
Thanks
If one company registered outside India (first company)purchases the goods from company also registered outside India (second company)and first Company directly sells the goods to party in India and instruct the second Company to deliver the goods in India , then whose name should appear in bill of entry in India(whether first party or second party or both)? Also what documents are required to be executed for the purpose by Indian company?
Kindly reply.
Thanks
12 December 2012
AS PER PARA 2.12(A) OF FOREIGN TRADE POLICY 2009-2014
"NO EXPORT OR IMPORT SHALL BE MADE BY ANY PERSON WITHOUT AN IEC NUMBER UNLESS SPECIFICALLY EXEMPTED.
AN IEC SHALL BE GRANTED ON APPLICATION BY COMPETENT AUTHORITY IN ACCORDANCE WITH PROCEDURE GIVEN IN HBP vl."
"NO EXPORT OR IMPORT SHALL BE MADE BY ANY PERSON WITHOUT AN IEC NUMBER UNLESS SPECIFICALLY EXEMPTED.
AN IEC SHALL BE GRANTED ON APPLICATION BY COMPETENT AUTHORITY IN ACCORDANCE WITH PROCEDURE GIVEN IN HBP vl."
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