Import from china
This query is : Resolved
BHAI(SAI) DUPARE
(Querist)
17 January 2012
hi i am planning for start business purchase products from china and sale in india. so please suggest me IEC ( import export code) is necessry even i am going to purchase 10 qty only
RAMESH KUMAR VERMA
(Expert)
17 January 2012
as per para 2.8 (iii) of foreign trade policy 2009-2014, a person (exporter/ importer) is exempt from IEC code if they are importing / exporting the goods for personal use / agriculture purpose.
If you want to start a business then apply for IEC CODE.
Please Noted :
On the basis of IEC, companies can obtain various benefits on their
exports/imports from DGFT, Customs, Export Promotion Council etc.
documents needed for an IEC application
A. Documents are listed below :
1. Bank Receipt /Demand Draft details evidencing payment of application fee
of Rs. 250/-. DD should be in favour of Zonal JDGFT, New Delhi.
2. Certificate from the Banker of the applicant firm in the format given in
Appendix 18A (Part B).
3. Self certified copy of Permanent Account Number (PAN) issued by Income
Tax Authorities(both sides).
4. Two copies of passport size photographs of the applicant. Photograph on the
bankers certificate should be attested by the banker of the applicant.
5. Self addressed envelope duly stamped for Rs.30/-.
6. These documents may be kept securely in a file cover.
Application fee is Rs. 250/- which can be paid through Demand Draft/ Pay
Order from any designated bank in favour of Zonal Jt. DGFT, CLA, New
Delhi. Treasury Receipt from the following designated Central Bank of India
branches is also accepted :
(1) Udyog Bhavan, New Delhi-110011.
(2) 10, Community Centre, Lawrence Road, Delhi-110 035
(3) 18/4 Asaf Ali Road, New Delhi 110 001.
(4) 55, Madhubani, Nehru Place, New Delhi - 110 019.
If you want to start a business then apply for IEC CODE.
Please Noted :
On the basis of IEC, companies can obtain various benefits on their
exports/imports from DGFT, Customs, Export Promotion Council etc.
documents needed for an IEC application
A. Documents are listed below :
1. Bank Receipt /Demand Draft details evidencing payment of application fee
of Rs. 250/-. DD should be in favour of Zonal JDGFT, New Delhi.
2. Certificate from the Banker of the applicant firm in the format given in
Appendix 18A (Part B).
3. Self certified copy of Permanent Account Number (PAN) issued by Income
Tax Authorities(both sides).
4. Two copies of passport size photographs of the applicant. Photograph on the
bankers certificate should be attested by the banker of the applicant.
5. Self addressed envelope duly stamped for Rs.30/-.
6. These documents may be kept securely in a file cover.
Application fee is Rs. 250/- which can be paid through Demand Draft/ Pay
Order from any designated bank in favour of Zonal Jt. DGFT, CLA, New
Delhi. Treasury Receipt from the following designated Central Bank of India
branches is also accepted :
(1) Udyog Bhavan, New Delhi-110011.
(2) 10, Community Centre, Lawrence Road, Delhi-110 035
(3) 18/4 Asaf Ali Road, New Delhi 110 001.
(4) 55, Madhubani, Nehru Place, New Delhi - 110 019.
Message likes :
1 times
BHAI(SAI) DUPARE
(Querist)
17 January 2012
thanks for your valuable reply... i will take iec code but before that can i import for personal use because qty having only 10 pen drives
BHAI(SAI) DUPARE
(Querist)
17 January 2012
and also guide me if i want to purchase as as personal use then any intimation is required to be submit to custom.
RAMESH KUMAR VERMA
(Expert)
15 March 2012
in this regards, have u any query...........
Message likes :
1 times
BHAI(SAI) DUPARE
(Querist)
16 March 2012
no this one enough! and for sample purpose i am importing material as a personal use. just tell where i can submit all those forms in mumbai
RAMESH KUMAR VERMA
(Expert)
17 March 2012
in customs, it will e best if u hire a CHA.
THANKS FOR Participate in CA CLUB INDIA.
THANKS FOR Participate in CA CLUB INDIA.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
