Iec importance

Save Share

This query is : Resolved

Siddu Devaramani (Querist)

03 December 2013 hi. i got Import and Export No under my firm..yet i didnt done any foriegn trade. i am interested in doing both imp and exp also.. i want know the importance of IEC role in foreign trade ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

05 December 2013 Refer to para 2.8 of current foreign trade policy spokes that the person who wish to export for personal use / agriculture purpose does not require IEC code .

you got also RCMC of your business.

Government of India
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhavan, New Delhi-110011

Policy Circular No. 9(RE-07)/2004-2009
Dated 31st August, 2007

To
All Licensing Authorities
All Export Promotion Councils
All Commodity Boards (functioning as EPCs )

Subject:- Councils authorized to issue Registration-cum-Membership Certificate (RCMC) Certificate.

The provisions relating to registering authorities for issuing Registration-cum-Membership Certificate (RCMC) are at Para 2.67 of Hand Book of Procedures Vol.I. In this regard, it is clarified that:
While obtaining RCMC, an exporter has to declare his main line of business in the application. The exporter is required to obtain RCMC from the Council which is concerned with the product of his main line of business.

Irrespective of para (i) above, a status holder has the option to obtain RCMC from Federation of Indian Export Organisation (FIEO).

In case an export product is not covered by any Export Promotion Council/ Commodity Board, etc. RCMC in respect thereof is to be obtained from FIEO.

This issues with the approval of competent authority.

Sd/-
(O.P. Hisaria)
Joint Director General of Foreign Trade
(Issued from File No. 01/94/180/77/AM08/PC-I)

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