IEC

Save Share

This query is : Resolved

P.Senthilraja (Querist)

02 March 2011 A person applied for IE code in 2001 in the name of X in chennai. after that he closed that business and open a new business in the name of Y in erode. but now he tried to apply IEC in Directrate of Foreign Trade web site its saying IEC of X business is still running in your PAN. Now how can we get new IEC or shall i update the old IEC with new business name? what is the proceedure for this ?

Ashok Asthana

Ashok Asthana (Expert)

03 March 2011 Inform the changes to Jt DGFT of your region and get the IEC cancelled than apply for new IEC.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

03 March 2011 DEAR AUTHOR,

IN THE LIGHT OF CURRENT FOREIGN TRADE POLICY, YOU SHOULD MODIFY THE IEC CODE EITHER SETUP A NEW COMPANY FROM A NEW NAME.

REGARDS,

Ashok Asthana

Ashok Asthana (Expert)

03 March 2011 It seems the Company is propritorship and the PAN of the individual was used. Other firm also, it seems, is propritorship and they are trying to use the sam PAN. The only way is to surrender the IEC and apply for a fresh one.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

03 March 2011 agree with expert.

P.Senthilraja

P.Senthilraja (Querist)

03 March 2011 Thank you very much sir

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now