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Import without iec

Ravi Dasija (CA) (215 Points)

06 May 2013

Dear Friends/ Seniors

Can a company import goods without having the IEC certificate, if yes then what are the situations and if no then what are the consequences of importing without IEC.

Thanks in advace

Warm regards

Ravi Dasija

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3 Replies

ASOKUMAR J (Deputy General Manager - FINANCE) (46 Points)
Replied 06 May 2013

IEC is required for importing or exporting any goods. If there is no IEC, they can import or export thru the dealer who is having the IEC code.

RAMESH KUMAR VERMA ( CS PURSUING ) (43848 Points)
Replied 06 May 2013

as per para 2.8(iii), foreign trade policy 2009-2014 an exporter / importer who wanted to import / export are exempt from IEC code if they are import / export for personal use / agriculture purpose the goods. Further Info: /forum/post.asp?msg_id=1132078

(Guest)

there are people engaged in exim who will let you use their IEC but it is better to have one, letting you to use their IEC involves risk to them, so it comes at cost