Sales to merchant exporter, need of iec?????
This query is : Resolved
24 September 2012
If we are procuring agro goods from market & selling to merchant exporters than whether there is need of getting IEC code no.
24 September 2012
IEC IS MANDATORY FOR EXPORTING IMPORTING GOODS .
AS PER PARA 2.8 OF HAND BOOK OF PROCEDURES VOL-1, (2009-14) THE PERSON WHO ARE IMPORT /EXPORTS GOODS FOR PERSONAL /AGRICULTURE PURPOSE DOES NOT REQUIRE IEC.
ON THE OTHER HAND IF YOU ARE EXPORTER AND PURCHASING THE GOODS FROM MERCHANT EXPORTER / ANOTHER PERSON DOES NOT REQUIRE SEPARATE IEC CODE IN YOUR CASE.
AS PER PARA 2.8 OF HAND BOOK OF PROCEDURES VOL-1, (2009-14) THE PERSON WHO ARE IMPORT /EXPORTS GOODS FOR PERSONAL /AGRICULTURE PURPOSE DOES NOT REQUIRE IEC.
ON THE OTHER HAND IF YOU ARE EXPORTER AND PURCHASING THE GOODS FROM MERCHANT EXPORTER / ANOTHER PERSON DOES NOT REQUIRE SEPARATE IEC CODE IN YOUR CASE.
24 September 2012
sir if we are purchasing from indian market, & than case 1) selling to indian merchant exporter(not exporting through him , just selling to him)
case 2- selling to indian merchant exporter( for exporting purposes through him)
case 3- selling to foreign merchant importer or foreign buyer or foreign agent
Pls reply for each case in which cases IEC needed?
& approx.legal fee & total expenses for getting IEC??????
case 2- selling to indian merchant exporter( for exporting purposes through him)
case 3- selling to foreign merchant importer or foreign buyer or foreign agent
Pls reply for each case in which cases IEC needed?
& approx.legal fee & total expenses for getting IEC??????
24 September 2012
sir are you exporter or Ministry / department of central government/any society or individual .......
24 September 2012
sir, we are just procurement agency as a group of persons( means AOP)
24 September 2012
in first & second condition IEC code not require sir..
third case IEC is mandatory. for further information regarding IEC CODE is here go to link:
https://www.caclubindia.com/share_files/iec-issuance-updation-information-48730.asp#.UGAJVaA-1tg
third case IEC is mandatory. for further information regarding IEC CODE is here go to link:
https://www.caclubindia.com/share_files/iec-issuance-updation-information-48730.asp#.UGAJVaA-1tg
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