Varun Bhat (Student CA IPC / IPCC) (151 Points)
30 August 2016Is IE Code mandatory for export of services ?
The Company is engaged in exporting services of recruiting therapists for it's parent company in USA.
shrinath
(CS Final and CA Fina)
(65 Points)
Replied 30 August 2016
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 31 August 2016
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.
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