26 August 2011
Hi, We have one Shipment in chennai port , we don't have IEC and it is under process. We have dummy IEC . In this situation 1. Can we sent back that shipment to supplier. 2. can we re export (sales ) to other country.
27 August 2011
AS PER FOREIGN TRADE POLICY PARA 2.8 (III) AN EXPORTER / IMPORTER IS EXEMPT FROM IEC CODE IF THEY ARE IMPORTING / EXPORTING THE GOODS FOR PERSONAL USE / AGRICULTURE PURPOSE.
AND IN YOUR CASE IF YOU IMPORT/ EXPORT THE GOODS FOR NOT PERSONAL USE CAN BE IMPOSED A HEAVY CUSTOM DUTY AND DRI / PREVENTIVE DEPARTMENT OF CUSTOM WILL SEARCH AND BLACKLISTED YOU.... YOU ARE ON WRONG WAY..