Is IE Code mandatory for export of services ?
The Company is engaged in exporting services of recruiting therapists for it's parent company in USA.
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Is ie code mandatory for export of services ?
Replies (4)
Yes IEC is mandatory for export and import
Yes. it is necessary.
Pl get it checked again. Excerpts from Foreign Trade (D evelopment & Regulation) Act 1992:
Sec.7: No person shall make any import or export except under an Importer-exporter Code Number granted by the Director General or the officer authorised by the Director General in this behalf, in accordance with the procedure specified in this behalf by the Director General.
Sec.2(e): "import" and "export" means respectively bringing into, or taking out of, India any goods by land, sea or air;"
Service is not covered in the definition of import and export.
Thanks a lot guys.
Cheers.
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