Iec

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2012 I am an individual and not running any firm or industry. I want to import Audio video device for my personal use. For this purpose can i request for an IEC code.

Pradeep Agarwal

Pradeep Agarwal (Expert)
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19 August 2012 IEC number is not required for import of items for personal use.

CA Guru M

CA Guru M (Expert)
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19 August 2012 IEC No: Exempted Categories

The following categories of importers or exporters are exempted from obtaining Importer - Exporter Code (IEC) number:
Importers covered by clause 3 (1) [except sub-clauses (e) and (l)] and exporters covered by clause 3(2) [except sub-clauses (i) and (k)] of the Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993.
Ministries/Departments of the Central or State Government.
Persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture.
Persons importing/exporting goods from/to Nepal provided the CIF value of a single consignment does not exceed Indian Rs.25,000.
Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas provided the CIF value of a single consignment does not exceed Indian Rs.25,000.

However, the exemption from obtaining Importer-Exporter Code (IEC) number shall not be applicable for the export of Special Chemicals, Organisms, Materials, Equipments and Technologies (SCOMET) as listed in Appendix- 3, Schedule 2 of the ITC(HS) except in the case of exports by category(ii) above.
The following permanent IEC numbers shall be used by the categories of importers/ exporters mentioned against them for import/ export purposes..

CA Guru M

CA Guru M (Expert)
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19 August 2012 Answer : No

Read 4th point.

CA Guru M

CA Guru M (Expert)
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19 August 2012 For more details about IEC , you can visit

https://www.dgft.org/iec_code.html

SANYAM ARORA

SANYAM ARORA (Expert)
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19 August 2012 You Don't need IEC for Import of goods

Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2012 If IEC is not required for importing for personal use, then why customs charged me penalty when i imported an IPAD from china worth $138 through post?

When i contacted customs they said penalty is imposed for importing electronic goods through post with value above 2000. They also charged me duty under tariff head 9804 and duty amount to be paid other than penalty is 2750/-.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 August 2012 as per provision laid down in Hand Book Of Procedures Vol-1(2009-2014) para 2.8(iii)the person who wanted to import / export for personal use/ agriculture purpose are exempt from IEC.

for more info:
and any query ask again, i assist the said matter.

more info:

https://www.nfpl.net/pdf/procedure%20for%20import%20and%20export.pdf

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