Iec code application
This query is : Resolved
19 January 2012
i am going to apply for IEC code , my bank is suggest to me open current account first because business transaction not possible through saving account, RBI will be rejected your transfer fund
but as per application IEC possible from Saving account also. so please suggest me
Regards,
Bhai Dupare
but as per application IEC possible from Saving account also. so please suggest me
Regards,
Bhai Dupare
20 January 2012
REFER TO ANF-2A,APPENDIX-18,
THIS IS MENTIONED SAVING / CURRENT ACCOUNT.
PLEASE NOTED THAT AFTER OPEN A/C either SAVING OR CURRENT BANK WILL OPEN EEFC ACCOUNT FOR MORE INFO:
Exchange Earners' Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer i.e. a bank dealing in foreign exchange. It is a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account, so that the account holders do not have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transaction costs.
BANK CONVERT IT EEFC ACCOUNT.
All categories of foreign exchange earners, such as individuals, companies, etc. who are resident in India, may open EEFC accounts.
MORE INFORMATION LINK IS:
http://www.rbi.org.in/scripts/FAQview.aspx?Id=21
THIS IS MENTIONED SAVING / CURRENT ACCOUNT.
PLEASE NOTED THAT AFTER OPEN A/C either SAVING OR CURRENT BANK WILL OPEN EEFC ACCOUNT FOR MORE INFO:
Exchange Earners' Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer i.e. a bank dealing in foreign exchange. It is a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account, so that the account holders do not have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transaction costs.
BANK CONVERT IT EEFC ACCOUNT.
All categories of foreign exchange earners, such as individuals, companies, etc. who are resident in India, may open EEFC accounts.
MORE INFORMATION LINK IS:
http://www.rbi.org.in/scripts/FAQview.aspx?Id=21
Message likes :
1 times
21 January 2012
thanks for valueable information.... but i am not going to start big volume importing business. so i am going with normal account registration....
just tell following information:
1. international payment through saving account is allowed by rbi or not? ( because iec is possible with Saving but bank suggest me it will rejected by RBI)
2. delivery address different than IEC registration address , is it permissible or not?
thanx in advance
just tell following information:
1. international payment through saving account is allowed by rbi or not? ( because iec is possible with Saving but bank suggest me it will rejected by RBI)
2. delivery address different than IEC registration address , is it permissible or not?
thanx in advance
21 January 2012
refer to appendix-18 in ANF-2A , bank convert it EEFC ACCOUNT, which is already asked by me if you have not understood put up RTI LETTER IN THIS CASE.
DELIVERY ADDRESS MEANS WHICH IS MENTIONED IN YOUR BANK ACCOUNT, IT CAN NOT DISPATCH IN BRANCH OFFICE OF APPLICANT COMPANY.,
REGARDS,
DELIVERY ADDRESS MEANS WHICH IS MENTIONED IN YOUR BANK ACCOUNT, IT CAN NOT DISPATCH IN BRANCH OFFICE OF APPLICANT COMPANY.,
REGARDS,
Message likes :
1 times
21 March 2012
today i submit online application to DGFT mumbai so please guide me is there having option sent hard copy by post is yes then please give me some details which documents should be submited and delivery address
21 March 2012
bhai, in this regards as per interaction with FTDO cla, new delhi inform me that hardcopy is not mandatory in Department.
regards,
regards,
21 March 2012
sir, but i got message " Hard Copy not Submitted" on DGFT site when i check status
22 March 2012
in view of above, u can submit documents as per Message Genarated .
Regards,
Regards,
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Copyright software
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
