Iec code


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Querist : Anonymous

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Querist : Anonymous (Querist)
10 October 2013 Can you please tell me what is IEC code?Why it is required?How is it beneficial for IT Companies?How to apply for it.

Sanket (Expert)
10 October 2013 Import Export Code or IEC refers to a code of
ten digits which is issued by Director General
of Foreign Trade to different Indian companies.
IEC is compulsory for all those companies who
wish to carry on Import Export business in
India. If a company wants to apply for IEC then
the applicant should apply from his head office
to the nearest office of Regional Authority of
Directorate General Foreign Trade . One should
know that an individual can only have a single
IEC issued against a PAN number. No
proprietor can avail more than one IEC.

Sanket (Expert)
10 October 2013 One should understand that in India one cannot
operate an Import Export business without
having an IEC number. There are various
provisions and eligibility conditions for those
people who wish to apply for IEC . A person can
read all these provisions by taking a look at
Foreign Trade ( Regulation ) Rules , 1993
Ministry of Commerce . PAN number is very
important while applying for IEC. The
application fee for the IEC is RS. 250. In order
to file an application for the IEC, an applicant
should visit the official website of DGFT .

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 October 2013 I also want to know is it compulsory for IT companies?

Sanket (Expert)
11 October 2013 If u wish to import export thn it is.


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