Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

import

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2010
i am thinking of importing footwears to India . Footwears are a sales tax / vat free if the value is below Rs. 200

my query is can i import footwears without having a Vat no.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

02 July 2010 DEAR ANONYMOUS,

PLEASE NOTED THAT REQUIREMENT OF VAT NO. IS NOT MANDATORY FOR IMPORT PURPOSE.

IN LIEU OF IT, IEC CODE IS MANDATORY.

REGARDS

Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2010 Thanks for the reply Mr Ramesh , i can import with the help of IEC code agreed , and then the customs or any other government department may ask the details of how i sold the goods , as my company is new and a small trading company i havent taken the vat number as yet
so is it advisable to import

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