Holding of COP
This query is : Resolved
CA Vijay V Kodmur
(Querist)
21 November 2008
Hi Friends,
My Friend is also CA wants to apply for COP, but he holding IEC Code from last 6 months(Import Export Code) for export of goods outside the country (Completed Article 3years back). From the date taking the IEC code till now he has not transacted any business or has now intention to do any business of export.
Whether he can apply for COP by Intimating the fact of holding the IEC code or he has to surrender the IEC No. Please clarify
Hi Friends,
My Friend is also CA wants to apply for COP, but he holding IEC Code from last 6 months(Import Export Code) for export of goods outside the country (Completed Article 3years back). From the date taking the IEC code till now he has not transacted any business or has now intention to do any business of export.
Whether he can apply for COP by Intimating the fact of holding the IEC code or he has to surrender the IEC No. Please clarify
21 November 2008
If he has no intention to export/import better surrender IEC and apply for COP.
CA.ViVeK M ACA
(Expert)
21 November 2008
For practising COP is needed,But he cannt engaged with his business without the permission from the Institute.If the institute is willing to permitt then no need to surrender his IEC CODE, ELSE HAVE TO SURRENDER THE CODE.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
